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December, 17 - USD is finally recovering against the major rivals

After several weeks of a downtrend and falls, today we finally see USD moving higher against the basket of six major currencies. And the reason for that might just be the same as for the growth of Tesla that we discussed in the beginning of the day – the conclusion of ‘phase one’ trade talks between USA and China. Now we can talk about goo relations between the two strongest and biggest economics of the world.

 

usd 17.12.2019

 

After the news was released and confirmed, Wall Street started to boom. This was the sign of recovery that can soon come to American markets the demand for American products and services is going to surge in the nearest future and of course, this is going to mean more support for USD as well as more stable situation in the world overall. This is the piece of news that can really bring hope and changes to our trading. But. For sure, it is going to mean that such couples and EUR/USD and GBP/USD are going to start feeling pressure and decline in the nearest future. We have to be prepared for that and we have to further focus on the USD-led couples.

 

For now, there is a very strong reversal to USD chart and we are now waiting to see whether it is going to be a full-on trend or whether it is going to be a temporary tendency for the currency.

 

Our trading signals are going to tell you more about USD and prepare you for the further movements of the greenback.

 

 

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