A lot of major currency couple are extremely volatile today, and of course we are prone to look for a reason for such rapid changes. Well, I can say that USD of course is to blame here and now. This instability of the greenback is mixing up all of the cards for us. That make trading that much more difficult. And it seems that today USD can surge even harder, sending all of the other assets lower and lower.
We are waiting for the Core Durable Goods Orders which is an indicator that is going to show us the pace for the development of the goods production in the USA. There are also various minor reports coming out today – all of them have all the chances in the world to shake things up for USD. And what are we going to see in that case? Well the world is already waiting for the upcoming US-China talks which are to take place this weekend and if we see good numbers and news today as well as progress in trade talks it is possible that the surge for USD is going to be unstoppable.
How can we be sure and know whether USD is going to keep on falling or will push back? With trading signals of course!