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November, 1 - USD reacts to impeachment news

I don’t know about you, but I was very interested in seeing how the whole impeachment inquiry story was going to play out and how the House of Representatives is going to work. And surely for us as traders it is good to see how something so important and so huge was going to reflect on the national currency.

 

If you do not understand what I am talking about, let me explain you.

 

Yesterday US House of Representatives voted to go deeper with the impeachment investigation into the presidency of Donald Trump. This is a historic event as only three American presidents have been subjected to the process, Trump being the third one. And, knowing how Trump wants to be the best and the first in everything, it is weird that he resists so much to being the first ever American President who was properly impeached in all of American history.

 

usd 1.11.2019

 

Of course USD also has its opinion on the matter. Or rather the traders of USD. The selloff was imminent and as we can see not nearly as scary as we would imagine. Although the slide was still felt across the markets. CAD, EUR, GBP and JPY are all growing against the greenback which is a clear indication that USD is losing so much power and value that it can’t fight back at all. So, today it is very important to differentiate between the couples which are going to grow and which are going to tumble.

 

Of course our trading signals are the thing for you today!

 

 

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