Daily News | Influential economic factors

The binary options trading week is winding down, as we only have two more days to do some trading on the market. Be sure to check out our analysis of the most important economic factors that could influence the standing of global currencies. We start with the euro. Service Sentiment is on the rise in the Eurozone as a whole, alongside Industrial Confidence, Business Climate and the Economic Sentiment Indicator. However, the German economy seems to be going through a minor slump, with the Consumer Price Index and Harmonized Index of Consumer Prices dropping today. Based on all of the data, we have concluded that the euro will most likely still have a bullish day this Thursday, favoring buyers. We move on to the U.S. dollar, which will also be influenced by several economic factors. It appears that the dollar will go into a slight slump, as the U.S. Gross Domestic Product indexes are showing a negative trend, alongside the Personal Consumption Expenditures Prices index. Although Core Personal Consumption Expenditures are rising, it is our prediction that the USD will most likely have a bearish day today, which will favor sellers. In other news, the Australian dollar is expected to maintain its current value, based on the Private Sector Credit index.

Daily News | Choose a safe broker

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Author: Max Rothstein
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