Daily News | A Sudden Decline

The working week is gearing towards an end, but you can still make some wise, and lucrative, trades on the global binary options market. That is why we have prepared our analysis of this Thursday regarding all the economic indicators that could have an impact on currencies from across the globe. We start off with the euro. The German Import index is expected to see a sharp rise today, but exports are expected to have a rather sudden decline as well. After carefully considering the situation at hand, we believe that the euro will see a bearish day today, which would be a return to its trend from last week. Next, we turn to the U.S. dollar. It seems that the Continuing Jobless Claims index, which is the number of people who are on unemployment benefits, is projected to rise somewhat this Thursday. Coupled with the Initial Jobless Claims index, i.e. the number of people filing for state unemployment insurance for the very first time, which is also expected to rise, we believe that the USD will most likely see a sudden decline today, as well. This is a departure from its positive trend, making this a prime time for sellers out there.

Daily News | Start trading successfully 

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Author: Max Rothstein
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