Daily News | Bearish dollar on Monday

The start of any week is extremely important, especially if you are investing in the binary options market. If today is an indicator of the rest of the week, then what a week this is going to be! Join us as we look at the hottest trades of the day. The biggest developments are coming in from two opposite sides of the world: Japan and the United States. In the U.S., Personal Income seems to be dropping, almost by half a percent. Similarly, Core Personal Consumption expenditure is dropping, along with personal spending by household. The only U.S. dollar indicator that appears to be rising, in fact, is the Pending Home Sales index, which will get a significant boost. However, since the other indicators are expected to have a greater influence on the USD, we have to assume that we will see a bearish dollar this Monday. In Japan, the Jobs/applicants ratio index is expected to rise somewhat, with the unemployment rate staying the same as it was. Overall household spending is expected to rise today it seems. Similarly, retail trade in Japan is expected to have a rising trend today. Based on the current market situation, we have to assume that the yen will in fact have a bullish day today, favoring buyers.

Daily News | The best broker for the job

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Author: Max Rothstein
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