Daily News | Another bullish day?

We are almost at the end of the trading week, but there are still plenty of interesting trades to be made and many more opportunities for profit! Read on, as we explore what the market has to offer today! We start off, as we so often do, in Europe. Specifically, we start with the euro, where Germany’s Consumer Confidence Survey is expected to retain its previous standing. In France, however, the Business Climate index seems to be dropping, which leads us to believe that the euro will most likely experience a slight drop in its value this Thursday. When it comes to the pound sterling, things seem to be headed in a much more positive direction. Out of four currently available indexes regarding retail sales in the United Kingdom, all of them are projecting a significant rise, which leaves little doubt that the GBP will not have a bullish day today. Lastly, we turn toward the U.S. dollar. Based on the Durable Goods Orders indicators, with and without transportation, which are set to have a massive rise in their standing by the end of the day, the USD should also experience a bullish day today, which will favor buyers.

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Author: Max Rothstein
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