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June, 14 - USD is covered with lack of understanding

Just like in the beginning of the week today we see growth of the greenback. But why? Well, it seems that the upcoming retail sales report is doing a good job already as traders clearly are hoping to see good numbers in the report. After all it is going to show us just how much customers are ready to keep on spending and how much support we are to expect for the greenback in the nearest future. The better the numbers in there are going to be, the brighter the future is looking for the greenback.

 

usd 14.06.2019

 

In the meantime, the price for USD against the basket of six major rivals is trying to find a point around which it is going to be possible to freeze until the report comes out today. Traders around the world are not sure whether the greenback is to be trusted or whether it is better to back off from it from the time-being despite the uptrend.

 

Regardless of what investors think we still need to trade and see the influence that USD is having on the other assets.

 

Trading signals are going to help us understand more of the situation for today.

 

 

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