Daily News | A positive change for the euro?

Here we are people, the last day of the binary options trading week! And what a week it’s been! Join us in examining all the various economic changes that could impact the standing of a variety of international currencies. We start the day off with the status of the euro. It appears that the Markit Services and Manufacturing PMIs of France could very well see a positive change in value, alongside similar indicators in Germany. Furthermore, the Markit Manufacturing and Services PMIs of the Eurozone as a whole are expected to rise, alongside the Composite version of the index. Based on growth, that appears to be happening all around, the euro will most likely see a bullish end of the day. Over the pond, the Canadian dollar has seen better days. Retail Sales are projected to drop, alongside the Consumer Price Index and the Bank of Canada Consumer Price Index Core. This leads us to believe that the CAD might experience a bearish Friday. Lastly, let us talk about the U.S. dollar. The defining indicator for the USD is the Markit Manufacturing PMI, which is apparently on a positive trajectory. We have to assume that the dollar will most likely see a positive change in value, favoring buyers .

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Author: Max Rothstein
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