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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