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December, 3 - new trade tariffs sure shook up the markets.

These days it is very hard to plan the future trades as the world becomes more and more difficult as we go. We leave trading for the night and when we come back in the morning, we cannot understand what is going on and why the situation is so much different from the one we saw in the morning. And today is exactly this situation – we left trading and the markets in a perfect condition, but came back to a hot mess. Why? Well, because overnight very important changes happened and now we have to deal with all of them.

 

Of course, new trade tariffs are the talk of the town. ‘WHAT TARIFFS?’ will you ask in panic. And I will tell you – overnight Donald Trump imposed new tariffs on Mexico and Argentina, allegedly because of a very bad state of economies of the countries. Although, according to the official economic sources, both Argentina and Mexico are working hard on strengthening their national currencies and economies, so it is unclear, what Trump’s real motivation was.

 

For us this information is very important due to the fall, taken by the greenback and growth opportunities takes by all of the other currencies. Look and EUR/USD

 

eurusd 3.12.2019

 

And GBP/USD.

 

gbpusd 3.12.2019

 

Isn’t that the growth that we were hoping for? Well here we go!

 

What will the future hold for the major currencies? That we will find out with the help of our trading signals!

 

 

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