Daily News | Numerous economic changes

Here we are folks, another week, another glorious five days of global binary options trading! Stick with us as we explore all the available data on various economic changes and how they impact various global currencies. We start the day off in Switzerland with the Swiss franc. It seems that things are looking up for the CHF, as Retail Sales are up, alongside the Swiss Manufacturing PMI index. We have to conclude, based on the available data, that the CHF will most likely experience a bullish Monday, favoring buyers. Next, we look at the euro. It seems that this currency will be heavily influenced by the various constituent economies of the Eurozone. The Spanish Manufacturing PMI is expected to drop, while the Italian index will rise. Other Manufacturing PMI indicators are expected to remain the same. Based on this, there could be a slight chance of an increase in the euro’s standing. There will be some economic changes in the US, too. The ISM Manufacturing PMI is expected to drop today, alongside ISM Manufacturing Prices. Although Construction Spending will increase, we have to surmise that this Monday will be bearish for the USD. Lastly, we look at the Australian dollar, which is projected to drop sharply, as the Building Approvals index will take a severe hit.

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Author: Max Rothstein
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