Daily News | Chinese yuan on the rise

We are in the middle of the global binary options trading week and the exciting, lucrative opportunities are just not stopping. Join us, as we take a closer look at everything the market has to offer on this Tuesday. We start with a quick look at the Chinese yuan. The Producer Price Index, which is a measurement of the rate of inflation experienced by producers, will be extremely important today. It captures the average changes in prices received by Chinese domestic producers of commodities in all stages of processing. It is expected to rise, alongside the Consumer Price Index, which measures retail price variations within a representative basket of goods and services. Because of that, the Chinese yuan will, most likely, experience a bullish Tuesday.

Now, for the big news today, the euro. The German economy will play a pivotal role for the euro’s standing today. The Export index, measuring transactions of goods and services from residents to non-residents, will drop, alongside the Imports index, which consists of transactions in goods and services from non-residents to residents. Because of this diminished economic activity, we believe that the euro is projected to have a bearish day today. These trends are not consistent with what has been happening to the euro this Monday, indicating fluctuations.

Daily News | Who can help you on the market?

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Author: Binary Experts
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