Daily News | Many different currency trends

Here we are on this fine Tuesday, and the market is gearing up for a wonderful day of trading. Read on, as we go into detail on all the most important currency trends. We start the day off by focusing on the Eurozone. Based on the currently available indicators, the M3 Money Supply, it appears that the euro will remain static, if this index is to be believed. Next we go to America and look at the Canadian dollar. Based on the current trends of the Industrial Product Price and Raw Material Price Indexes, which are expected to go in a negative direction, we can only assume that the CAD will experience a bearish day, which definitely favors sellers. In other news, we turn to the U.S. dollar. The currently important indicators are the S&P/Case-Shiller Home Price indices and the Consumer Confidence index. Based on these, we surmise that the USD will most likely experience a bullish day today, which will favor buyers. Lastly this Tuesday, we turn to the Japanese yen. The most important change in currently available data comes from the Japanese Industrial Production index, which is expected to have a significant fall, leading to a bearish Tuesday for the yen.

Daily News | Get the best possible service

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Author: Max Rothstein
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