In the morning we as traders’ society were primarily focused on performance of euro as EU officials were getting ready for announcing the results for the consumer price index which is an index that shows how willing the consumers of the economy are spending their money. And the more consumers are spending, the better the economic situation of the region is. And right now we see the same report being issued in the United States. And of course we can’t help but turn to the performance of the greenback at this time.
Looking at the chart it is easy to understand that the report that is being issued right this moment does not contain any good information. Although the performance of the greenback is weak at the moment, overall state of the world economy is not in the best of shapes right now.
With the situation being as tangled as it is right now there are a lot of questions that we might have. And only one thing can answer all of them – trading signals. Be sure in your choice!