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Business / Finance

Dollar strengthens its positions on the eve of the Symposium in Jackson hole

MQL5: Blogs Traders 20.08.2019 at 10:42

Blogs traders and analyst of financial markets


the Situation on the currency market is changing instantly, we need only appear important to the Foundation, or rumors from reliable sources. So, a few days ago, the usd/cad pair was ready to break through 1.3200, and today managed to break above 1.3300. Strengthening grinbek primarily contributes to the positive macroeconomic statistics. Underlying the retail sales index in July increased significantly relative to the forecast: 1.0% vs. 0.4 percent. The situation has improved in the construction sector and the manufacturing index of Philadelphia was 16.8, versus expectations of 10.0. Add all this to decrease the degree of tension in the trade war and the uptrend in the dollar is almost guaranteed.