Daily News | North America’s economic indexes

It is the last day of the global binary options trading week, so you should definitely join us, as we go into great detail while looking at the various economic indexes that could have an impact on the market this Friday. We start off, and remain, in North America for the entire day, as current forecasts only show the changes that could happen to the U.S. and Canadian dollars. In the United States, Month-over-Month Average Hourly Earnings index is expected to remain the same, while Nonfarm Payrolls are expected to experience a significant drop. The latter is important because it represents the number of new jobs created outside agriculture and can tell us a lot about the country’s economy. Add to that the fact that the Consumer Credit Change index is also expected to drop, meaning that U.S. citizens have less money for big expenses, and it’s quite clear that these two economic indexes point to a bearish USD today.

Now, let us talk about the Canadian dollar. The country’s Unemployment Rate is expected to rise, but only very slightly. Ivey PMI should also increase, but much more, and since this index indicates business conditions and is expected to keep rising beyond 50 points, this is a very good sign. We’d go with a bullish CAD today.

Daily News | Test your new partner

With this kind of action in North America, you need a reliable business partner to help you make the most of it. 24option Demo Account will show you exactly what this great broker has to offer you. You can easily test their platform yourself with it and see why this broker is one of the best in the world. And you never have to risk any of your money to do so. Check out our full analysis of this demo account and you will immediately realize why this broker is so successful.

READ FULL 24OPTION REVIEW HEREYOU SHOULD KNOW THIS BEFORE YOU START TRADING!

Author's overall rating:
Author: Max Rothstein
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.