It is a real shame that lately our trading turned into searching for things that are going to disrupt the performance of our favorite assets and not just trading for general enjoyment and profits. When are we going to see our trading turn to normal without constant turbulence and horrible changes from our favorite and very popular assets? The answer is only this – not today that is for sure. We have only just begun breathing freely after the speech of Jerome Powell when we realized – today is the day for USD and for us to see American inflation data. And in case the data are not nearly as good as we need them to be, we are going to see USD sink even lower.
What will happen if USD goes lower? Well I can say for sure that euro and GBP are going to extend their gains along with gold and other precious metals. But what about the USD itself? Well, of course it is not the first time that we are witnessing USD sinking and it is definitely not going to be the last, but it is for the first time in weeks that we see USD standing on such shaky and unstable legs.
Right now it is hard to say what can cause a recovery of USD and which pace it is going to come in. One thing is clear though – we cannot afford to lose our sight of USD for now.
In order to stay in touch with every USD movement use your trading signals on ALL of your favorite assets.