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November, 12 - will USD fall or rise today as Trump will give a speech?

 

Trump’s speech at Economic Club in New York has got to be the most important and disturbing thing that we are going to go through today. After all, we are waiting for some kind of conclusion for the whole trade war saga, but it seems that we are as far away from the conclusion of it as we can be.

 

I hope, you remember that in the end of last week we thought that trade deal between China and USA was reached. Such was the statement of the Chinese at least. After that Trump went to the media to say that no such thing was done and that no trade deal was reached after all. In short and simple words – Trump did NOT agree to lift any of the tariffs imposed on China. That did bring confusion to us and to the Asian segment of the market.

 

usd 12.11.2019

 

And, of course we hope that today Trump is going to shed some light on the situation and we are going to have more understanding of trading future for the greenback and the world in general. Right now it is clear that traders are trying to be careful and not indulge too much in USD trading. Will we be able to resist and stay away from it for the time being? After all, the news may be bad and dollar might plunge down as well. But, for some of us that is the change and risk worth taking.

 

Once again our trading depends on Donald Trump. Good that we have trading signals to support as in this situation.

 

 

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