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June, 10 - USD is flexing its muscles today

USD today is flexing its muscle. And why shouldn’t it? There are plenty of possibilities for it to grow. After all, largest European economies are having a bank holiday today, so trading is off there. GBP is shivering expecting national GDP data and oil is as always turbulent. So right now USD is the only stably growing assets that traders can really rely on. And that really shows in its hike since the markets opened today.

 

usd 10.06.2019

 

Of course growth like that means that we are going to see declines in EUR/USD no matter the activity and in GBP/USD no matter the GDP data displayed by the country. On the other hand, the couples where USD is a leading one are going to see surges until the greenback is gaining points against the basket of six major currencies.

 

Which assets are going where and what is going to happen to USD and assets correlating with it? Want to be sure? Use your trading signals to find out.

 

 

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