Even though it hasn’t been the easiest week for the greenback we are now hoping to see at least some kind of consolidation of the price of the greenback against the six major peers as not only trading week is coming to an end but also we are waiting for the several reports on the state of the greenback’s economy like consumer inflation rate and unemployment level of the USA. These report have all the chances to do both – lift the greenback smothering all the growth in other currencies or make USD go even lower.
Although the reports are coming much later into the day we are already preparing for the worst. Knowing how unstable the greenback has been in these last few days we are fearing for the worst. It is better to already be on the lookout for growing gold and silver as well as dropping USD/JPY and USD/CAD. Although it is worth mentioning that the situation can also turn the other way and all of the predicted movements can be reversed.
In order to be prepared for the rapid changes of the price it is better to use trading signals today on ALL of your trades.