The USD bulls are making another attempt to take back control - Forex News by FX Leaders

The USD bulls are making another attempt to take back control

Posted Wednesday, August 24, 2016 by
Skerdian Meta • 1 min read

The demand for the US Dollar in the forex market has been weak during the London session. Every major currency advanced against the Buck apart from the Euro. But, in the NY session the USD demand has increased. The Greenback has acquired back all the losses and in some forex majors even more. 

The US housing data figures weren´t that exciting, but they showed that the uptrend in the housing sector continues. This went in favour of the USD because the forex market took this as a good sign for the US economy and consequently the Buck. It went in favour of our AUD/USD sell forex signal as well since we opened it around 0.7625-30 a few hours ago. Stay tuned for more forex signals if we spot more good opportunities today.  

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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