It’s obvious, that USD continues to lose its positions against the main competitors. The bucks is falling down against EUR,GBP, AUD, NZD, CHF, CAD and even YPY. Due to that Forex signals providers keep on selling USD. Frankly speaking, that situation can influence all spheres of American economy and industry.
At the same time the stock markets in the USA had another positive session yesterday: Dow Jones gained 108 points, the Nasdaq increased to about 30 points and the S&P showed a 16 point gain. Gold traded higher to $1018.9 while oil went up to $72.34. That event has some influence on Forex signals too – many traders became active at those moment.
The economic news in the USA showed the increase of August consumer prices by 0.4 percent while on an annual basis consumer prices are 1.5 percent lower, than in August 2008. And the Department Labor reported, that core consumer prices, excluding food and energy, rose by 0.1 percent in August and are 1.4 percent higher on an annual basis than August 2008.
According to the data provided by the Treasury Department, foreign demand for long-term US securities had fallen extremely in July to a total of $15.3 billion, which is pretty big. This is such an important data for watching capital’s flowing in and out of the US had totaled $90.2 billion long-term purchases of securities in June. So, the probable reaction of Forex signals providers may be very quick: many of them went short on GBP/USD and EUR/USD.
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