There is improvement in the world. USA and Japan have signed trade deal, but there are still some tariffs in effect between the two countries. Japan got lucky here – China can’t reach a trade deal with USA for a year and in its third attempt, its conclusion is still nowhere to be seen. But this is good news, right? Finally, at least some resemblance of common sense. But. Even this cannot attract traders to USD, it seems.
The greenback has not been on its best performance these past two days. The turbulence in the currency is beyond horrible. Last week it couldn’t stop growing and we were afraid for the pressure it was putting on the other economies and currencies and today we can see that it is flat and even declining a little bit against major rivals. Euro and pound are striving. Yen is growing too, of course. All of these factors are only pointing to some troubles in American economy. After all, today’s decline in USD performance began after the meeting of Jerome Powell and Donald Trump, where Trump was given a report on the state of American economy.
It seems that USD chart is not going to improve any time soon. That means that we have plenty of other currencies to focus on and to trade. Try and catch your favorite couple’s outbreak with our trading signals!