Daily News | Further developments

This Wednesday the market opportunities are certainly not running dry! We have economic indicators from across the world that could very well influence all the hottest players on the currency market! Join us, as we start our analysis of the day with the euro. It seems that the Consumer Price Index of France, which shows price movements by comparing the prices of a representative basket of goods and services, is expected to rise this Wednesday. However, the Trade Balance between exports and imports of the Eurozone as a whole is expected to decline today. Based on these developments, we have to conclude that the euro will see a bearish day today, stopping its run of good fortune. Next, we turn to the U.S. dollar. It seems that the Industrial Production Index will show a lower the amount of production in the US factories and manufacturing today. The same can be said for the Capacity Utilization Index, which is the percentage of the US production capacity which is actually used over the short-time period. We have to conclude that because of these developments, the USD will see a bearish day as well, a continuation of its negative trend.

Daily News | Discover a great broker

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