Daily News | Last week’s trend continues

Here we are once more dear readers, the beginning of another exciting week of global binary options trading! We have great opportunities for trading coming from all around the world, so be sure to read the rest of our expert analysis. The first changes of the week are coming for the euro. Economic changes in Portugal will be especially important for the euro’s standing today. The Gross Domestic Product of Portugal, which is a measure of the total value of all goods and services produced by the country from the expenditure approach, will apparently have a negative day this Monday. Since this is the only available index for the euro today, we have to predict that the currency will experience a bearish day. This means that the last week’s trend will continue.
Now, let us talk about the U.S. dollar. There are two important indicators that will influence the USD. One of them is the NY Empire State Manufacturing Index, which gauges business conditions for New York manufacturers, and it is expected to drop. The other one, the NAHB Housing Market Index, deals with home sales and shows what can be expected from the home building market. In short, we can see housing market trends in the United States from it and it is expected to rise this Monday. We have reached the conclusion that the dollar will most likely see a rise in value today, which will continue last week’s trend.

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Author: Max Rothstein
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