Daily News | Another bearish day?

We are at the end of the week, so you should hurry if you want to make some profit on the market before it closes for the weekend. Join us as we explore the most exciting trading opportunities of the day! We start out in Japan, where the Housing Starts index, which measures the amount of new homes built, is heading towards a sharp decline. Tankan indexes should also drop across the board and this most likely means that the yen will experience a bearish day, favoring sellers. But let’s move on to the Eurozone and the various assorted national economies. Here we can see several changes. Retail Sales are expected to be on the rise in Germany, which is also expected to see a drop in unemployment, something very favorable for the euro. Add to that indicators from Spain and Italy, not to mention the Eurozone’s rise in the Consumer Price Index, and you get a most likely positive day for the euro. When it comes to the pound sterling, it appears that all indicators at our disposal are showing that this currency will also have a bearish day. In North America, the Canadian GDP is rising, which is favorable to the Canadian dollar. The USD will most likely see a rise in value too, as the Chicago Purchasing Managers’ Index is on the rise and above 50 points.

Daily News | The best broker for the job

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Author: Max Rothstein
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