Growth of USD. Not exactly what we need right now, but it is what we get.

Why don’t we need a strong USD? Well, let’s see.

Trade war is raging and damages all of the other economies, American stock market is booming even though American economy is displaying the signs of a possible soon-to-come crisis. Safe haven status of dollar is supporting American currency as it is and we as traders are only pouring more power into the greenback only supporting its growth without even realizing that it is damaging our trading of other currencies like euro or pound, for example.

And today it is possible that we are going to see USD surge even higher. After all we are waiting for the one of the most important reports is American economy – Personal Spending report where American consumers are going to tell us whether they have enough faith into their economy and their currency. And something tells me that this report is only going to facilitate the growth of the greenback today and at the beginning of the next week.

Of course this is not guaranteed, but it is more likely than us seeing the fall of the greenback. After all, it has grown all through this week, through all of the turbulence, why should it stop now?

Of course this means that we are going to have to use trading signals for the nearest future trades.