Daily News | A bullish Tuesday on the market?

We have an extremely exciting day on the binary options trading market today, as there is a marked increase in indicators that could very well influence a wide variety of currencies! Join us as we analyze them! We start the day off with the euro. The German economy will play an important role, as indicators, such as the Consumer Price Index, will remain the same, ensuring at least that the euro should not experience a bearish Tuesday. The deciding factor will be the Consumer Price Index of Sweden, which is projected to rise, which means we can actually expect a bullish Tuesday for the euro. In Britain, several indexes will rise and fall. Ultimately, the Retail Price Index is expected to play the deciding role today, based on it, the pound sterling will most likely experience a bearish day, favoring sellers. We move now across the pond and look at the U.S. dollar. Both the Import and Export Price Index are expected to rise, which will assuredly lead to a bullish Tuesday for the dollar. Lastly, we shall look at the Japanese yen. The deciding indicator will be the Domestic Corporate Goods Price Index. The Month-over-Month index is expected to rise, whereas the Year-over-Year version will drop. Ultimately the MoM index is expected to rise, which could lead to a bullish day for the yen.

 

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Author: Max Rothstein
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