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July, 8 - will USD make trading a huge disappointment this week?

What performance are we going to see from USD this week? Will it let us trade or will it keep on pushing on all of our favorite assets? Well, judging by its today’s performance the latter is way more possible that any other option. After all, right now the greenback is striving and is hovering near the 3-weeks-high point. And the week has only just begun. What are the reasons for the growth and what are the consequence?

 

usd 8.07.2019

 

Well, all of the growth that we see right now is the effects of the job report that we have seen on Friday. Can you imagine? Report came out Friday morning in the USA and the effect of it is still visible today. That means that we are not to hope for the great performance from EUR/USD or GBP/USD. Especially given the fact that euro is going to disappoint us upon upcoming German economic data today and GB is torn over the elections of the new PM of the country. On the other hand, surge in USD/JPY and USD/CAD is more than likely as USD has way more steam in itself than all of its opponents.

 

But if USD is going to display the same level of turbulence as the last week, then we are going to need a lot of help. It is good that you are going to find here, with our trading signals.

 

 

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