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December, 19 - was USD influenced by Trump's impeachment?

And so, as European markets are in full swing of their session right now we can finally asses the influence that Trump’s impeachment had on traders around the world and, as a result on USD itself.

 

usd 19.12.2019

 

And, according to the chart we can see that traders don’t really seem to care about this political changes as much. Why so? Well, there are several reason of why this might be the case for today. First, impeachment for Trump was flying in the air ever since he was elected. Surely, the fact that it has finally reached the peak, did not catch a lot of people by surprise.

 

Second, seems that we have been following the process enough time to understand what it was going to result in. As a result, this is hardly a surprise for us at this moment in time. It is no Brexit – the outcome of all of this, given the amount of evidence against Trump was pretty clear for weeks.

 

That is why traders might not be too eager to sell off USD that has only started to recover just a couple of days ago. Especially when it seems so unnecessary.

 

What are we to do now? Well, follow the trend, of course, and the trend is that the greenback is going to go on growing. Hopefully.

 

Plus, there is no point in fearing the future as we can always rely on trading signals to help us out in difficult times like these.

 

 

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