Daily News | Eurozone changes

It is the middle of the week, which means there is increasingly less time to make some profitable moves on the global binary options market. Stick with us, as we analyze all the most lucrative trades. We start the day off with the euro. Once again, the various national economies of the Eurozone will have a huge impact on its standing. The French Trade Balance is expected to improve from its previous standing, while unemployment is projected to get worse in Spain. Italy’s Markit Services PMI is expected to rise, but Retail Sales as a whole will drop. This Wednesday seems like a mixed bag for the euro, but it will most likely drop in value, according to the information currently available. If you want to know how the Eurozone will stand in the long run, don’t forget to check out the economic growth forecasts issued by the European Commission yesterday. There is plenty of useful info there.

The pound sterling is also expected to experience a bearish day. Its PMI Construction index will drop, halting its positive trend from yesterday. On the other hand, the U.S. dollar will continue to go on strongly, as Factory Orders are on the rise. The same can be said for ISM Non-Manufacturing PMI, Trade Balance and the Nonfarm Productivity indexes. Lastly, this Wednesday we turn to the Canadian dollar. Based on International Merchandise Trade of Canada, the CAD will experience a bullish day, favoring any buyers out there.

Daily News | Which partner to choose?

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Author: Max Rothstein
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