Performance as bad as we see it today always makes us wonder – what is the best asset for trading at this very moment? What can bring me the earning possibility that I really deserve? Well, for today there are several answers. And it is our task to find all of them.
1. Silver.
2. Gold.
3. GBP/USD.
4. EUR/USD.
1. Silver.
We are not trading silver too often. It is not the most popular even among commodity traders. But today it is displaying growth like in no other week. And we need to grab the possibility to trade with it.
What is the reason for silver suddenly gaining its price? Well, silver tends to go together with the gold. And gold is surging today. And the reasons for that we are to discuss a little bit later.
All I am saying that silver might give us the possibility to trade and get more pips than other assets that might be jumping up and down.
2. Gold.
Well, for those who have already seen the performance of the greenback today are not going to be surprised by this suggestion because as we can see the greenback is not on its best behavior today. It has extended its decline from last week which is not really helping with its popularity and stability.
And gold is using the possibility to grow perfectly. The precious metal as always goes against the greenback. And today is just another perfect example of this. Those who want to be sure of this theory can go ahead and look at a very long-term chart for both of the assets. They are going to see confirmation – no doubt about it.
But yeah. The surge by about 1 percent since trading opened this morning tells us that it is perfectly possible to earn off of gold trading today.
3. GBP/USD.
Yes, yes. Even though this couple tormented us last week and the week before right now ahead of so many political changes and meetings we are to turn back to it and try and look for the possibility to earn. How are we supposed to do that? By waiting, I suppose.
Right now Donald Trump is scheduled to visit the UK and Theresa May is only waiting for her time to go away from politics. We are still unaware who is going to be the next Prime Minister and what direction Brexit process is going to go in. All of this uncertainty is killing the suspense and gives us the possibility to trade GBP/USD without fear. But it is only for now. As soon as all of these changes are going to start kicking in we are going to see a lot of turbulence.
So, GBP/USD is to be trusted but only now and only for a moment.
4. EUR/USD.
Of course it is always a treat when the most popular trading couple also turns out to be growing and bringing us the possibility to earn. And that is exactly what EUR/USD is doing today. Of course not without its nuances trading the couple today might just be the thing that we need. Although it is worth mentioning that the couple is not entirely surging today.
But its performance is still better than that that of most of the assets in the market today. So, is it worth the risk?
I say until greenback is in the red zone it is worth going for it. Especially given that euro expects no major reports and meetings today. It has all the possibilities to give us all of trading stability that we might possibly need.
Even though we see growth in all of these assets it is not recommended to go into trading on either of your trading accounts without trading signals. It might result in losses even in the most perfect growth.
