Today is going to be a tough day for us as traders as we are going to face a lot of things which are capable to influence the trades that we are going or have already put down. But in the end it all is going to come down to the future of USD. The monetary policies of the USA are being altered at the moment and this is reflected in the performance of not only USD itself but also in other segments of the market. And we really need to finally see the decision that was taken by Powell on the future of USD as the volatility of the markets is getting unbearable,

Just look at the chart. Since the process of the possible alteration of the USD policies takes two days that is what we had to have been dealing with for the last two days. And there is no guarantee that this is going to end today as Powell is going to testify in front of the Congress. If the policies are getting changed traders are going to be likely to drop USD until the situation stabilizes by itself. But that can take days or weeks to happen.

And in the meantime we have all the possibility to see our favorite assetы like EUR/USD and gold be subjects to a horrible volatility which is exactly what we are seeing these days.

It is at times like this that we understand and feel the real use of trading signals.