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August, 15 - US economy displays signs of distress

Times are going to be hard for those who got used to cloud-less trading of couple that include USD. American currency is going to show us the hard times with the possible incoming financial data that are going to disrupt trading for people all over the world and even possibly threaten the world economic balance in the future. Why all the pessimism? Well, for the last two days we have been watching USD chart and let me tell you – it is a rough period for American national currency.

 

15.08.2019 usd

 

First of all, trade war is raging and Trump decides to pause it… so that not to spoil Christmas. Of course that didn’t save American economy from displaying signs of distress and go into a very dangerous territory. I am of course talking about the fact that US economy started to display some serious signs that in the past have been the predecessors of recessions. And having seen them once again, traders are not so sure that dealing with dollar is the best idea possible.

 

Today is a very important day for all of us as we are going to get a lot of information on the state of American economy with at least a dozen of reports coming out. Will that help us understand the situation that USD has gone into? Well, sure. Will that lift USD up? Doubt it!

 

With USD participating in all of the most popular couples and influencing the most popular and important assets it is necessary to use you trading signals at all times.

 

 

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