Daily News | Market changes on Wednesday

Here we are, in the middle of the trading week, and there are still numerous opportunities for you to make a profit on the market! Stay with us as we look at some of the most important market changes of the day. We start Wednesday with changes regarding the Swiss franc. The CHF will most assuredly be influenced by the changes in the Swiss GDP. Based on current predictions, the GDP, if looking at the Year over Year index, will experience a drop. However, the Quarter on Quarter index seems to indicate a rise, although smaller than the YoY drop. Thus, we conclude that the Swiss franc will most likely experience a slightly bearish Wednesday. On the other hand, the pound sterling seems to be heading towards a bullish day, as the PMI Construction indicator seems to be on the rise, which will have a positive influence on the British currency. Staying in Europe, the euro, based on the Producer Price Index of the Eurozone, seems to be experiencing a somewhat positive trend today, but will most likely remain unchanged, as the index changes are negligible. Lastly, the USD, having seen a drop in ADP Employment Change in the U.S. job market, will most likely experience a bearish day today.

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Author: Max Rothstein
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