USD. The currency that has become benchmark for all of the other trading. e trade against it we trade with it and we measure everything against it. no trade can go without dealing or converting asset through dollar.
But is the greenback actually safe? Are we putting all of our trust in a worthy currency or not? Let’s discuss!
In the last couple of weeks, the greenback was clearly fulfilling its role as a safe haven as we saw it growth fir two weeks in a row. Other assets and currencies were failing and the greenback stepped right in and revealed itself in all the glory. But what has happened?
Well, right now there is too much turbulence in its performance. Right now we see too much happening in the world and the attention from the greenback is shifting towards the situation surrounding trade war and Asian economy as a whole.
And what does the greenback does immediately? It Is trying to turn all of the attention back on itself by retreating and then gaining once again. But is that working? Well, yes. But the thing is that right now it is impossible to predict what is going to happen next. Where the trend is going to go? What the graphs are going to show to us?
That is where we see the real danger of modern trading of the dollar – the fact that is it too rapid and too unpredictable. We want to trade but it is doing everything for us to fail. But we are not going to give into this financial blackmail. No, sir!
Trading is the only indicator that can really show us what’s up with dollar. And as we tend to form the markets ourselves, we tend to believe everything the market says.
And, of course, we believe trading signals, which is practically the only helper for us in this situation.