We were right to focus our attention on dollar today. Yes, we made it clear for ourselves – dollar is to be reckoned with today as there is very important news for the currency, for the economy of the USA and of the world in general. How could we ignore something like that? Well, even if we had the guts to overlook the greenback in the morning, now we need to look precisely at is.

Those, following currency trading might have noticed that if the situation was mixed in the morning, now there is one very specific trend in the currency market – dollar is growing and it can be seen in the performance of all of the other currency couples. EUR and GBP are losing against the greenback, USD/JPY and USD/CAD are growing. Precious metals are losing price as well. This means that dollar really is growing and really is pushing on all of the other assets.

What could be the reason for that?

I would say a successful conclusion of the first wave of the trade talks. There is nothing else that could have driven USD so fast and so radically than an enormous pressure lifted from the entire US economy, even though tariffs were imposed on China and not America. Seems that rational behavior of Donald Trump and his administration drives traders crazy in a good way as it only drives up their desire for the dollar.

So, while the greenback is growing, we have to watch out for ourselves and for our money. Trading signals are a perfect tool for this.