Daily News | Economic changes continue

There we have it folks, it is the last day of this binary options trading week, so be sure to read this analysis of the market’s most important economic changes! We start today with the euro. The German economy will be important to this currencies standing, as its Retail Sales index is expected to drop sharply, alongside French Consumer Spending. If we add to that the projected drop in the Spanish GDP, the Italian Consumer Price Index and the Consumer Price Index of the Eurozone as a whole, our conclusion is a no-brainer: the euro will most likely experience a bearish Friday, favoring sellers. We move on to the British pound sterling. The Net Lending to Individuals index is expected to rise, while Mortgage Approvals will drop. After having carefully analyzed both indexes, we predict that the GBP could see a bullish day today, favoring buyers. We move on to the Canadian dollar, which will apparently see somewhat of a slump. Even though Canada Raw Material Price Index and the Industrial Product Price are expected to rise or at least remain the same, the Canadian GDP is expected to drop, which will most likely lead to a bearish Friday for the CAD, too. To top this week of economic changes off, the U.S. dollar should be on the rise, as the Personal Spending and Personal Income indexes are projected to rise.

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Author: Max Rothstein
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