Forex Signals US Session Brief, August 9 – The Pullback in USD Continues...
The sentiment in financial markets has been negative in recent weeks, turning the risk sentiment off. Safe havens have been surging during this time while the risk assets such as Crude Oil and commodity Dollars have been tumbling lower. Yesterday fell pretty close to the $50 level again, but that support zone survived once again and today I am seeing a pullback higher. Commodity Dollars are retracing higher again against the USD as well today, while safe havens are continuing their march, with USD trying to make new lows. So, it seems that it’s just the USD that is slipping lower.
Happy Weekend.


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