Daily News | A Bearish Friday awaits us

We have reached another Friday, another end of a trading week. It’s been quite a ride during the last four days and today should be no different. Join us, as we look at the most important economic indicators and what they mean for various currencies. We start off with the Eurozone, specifically, the German market. Imports and the German Trade Balance index are expected to drop, while the Exports index is expected to rise. This, coupled with the drop in industrial output in France, leads us to believe that the euro will experience a bearish end of the week. Sellers should therefore be at an advantage here. Staying in Europe, it appears that the Swiss franc will also have a bad time on the market this Friday. Its Consumer Price Index is expected to drop slightly, leaving the franc with a bearish Friday. In Britain, the pound sterling is also projected to have a bearish Friday, as Manufacturing and Industrial Production Indexes are expected to drop across the board. In the States, a drop in Wholesale Inventories is expected to lead to a weaker dollar. Lastly, in Canada, the Canadian dollar is expected to have a slightly bullish day, favoring sellers, as its Net Change in Employment index will most likely be on the rise.

Daily News | The best partner

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Author: Max Rothstein
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