Another unexpected rally of the USD. Despite the greenback pulling a little bit back during yesterday’s session, today we see that American currency has already recovered and is rallying against the major peers. Despite the markets being very sensitive at the moment, we can see that the risk appetite is crawling up just a little bit – enough for us to get concerned about the state of the markets at the moment.

It is no secret that more and more often we can see world economy displaying the signs of the possible recession. And volatility in the performance of the greenback is not exactly helping us navigate the situation. We are focused on the future of trading and on the performance of the currencies too much to see the real reason behind the movements. For example, today the USD is moved by the power of important reports. And given that the last several reports that came out gave us less than satisfactory results and numbers, there is high chance that today’s numbers shown in Core Durable Goods Orders m/m and Personal Spending m/m displayed better results which could have led to the rally of the greenback.

So, it seems that for the rest of trading for this week, we are going to see rallying dollar – a fact that is bound to alter our view of trading for these last few ours.

Never neglect using trading signals, even if there is just a couple of hours left.