Will we ever be able to trade normal once again? That is the question which is up for debate this week. After last week’s turbulence and unpredictable swings, we are forced to think about the future of our trading. After all we need to count on some assets to grow but with USD so shaky it is almost impossible to predict what is going to happen and what assets are going to attract out attention.
Will it be euro? It doesn’t seem so. After all European currency is lacking motivation and steam to keep the performance higher and higher.
Political turmoil in Great Britain is not letting GBP to fly as well. Until we see some actions in the country we are going to distance ourselves from national British currency.
Will yen win over our affection? Well. Chinese numbers that were published in the very beginning of today indicate that attention is going to be all tied up to China and yuan so yen goes out of the spotlight for a bit.
And there you have it – for all of trading today you have to rely on USD which hasn’t been all that active. It seems that after last week’s dance USD prefers to be sleepy and not move all that much.
My point is that trading without trading signals is going to be impossible today.