Daily News | There is no stopping these currencies!

We are nearing the end of the trading week today, so try not to miss out on all the wonderful opportunities the market will bring you this Thursday. We have a very interesting day today indeed, as the Nationwide Housing Prices index of the United Kingdom shows growth across the board. This, coupled with the Markit Services PMI staying above 50 points, which is a sign of growth, means that the pound sterling might have a bullish Thursday. Staying in Europe, the various economies of the Eurozone of course continue to hold massive sway on the value of the euro. The Markit Services PMI of Germany, Spain and Italy are all expected to remain above 50 points, which could very well show a positive trend. Only the French index will continue to be below the 50 point mark. With both the Markit Services PMI and Composite PMI of the Eurozone as a whole staying above 50 points, one could reasonably assume that the euro will see a positive increase in value. Lastly, our attention turns towards the USD. The United States ISM Non-Manufacturing PMI will not only stay above 50 points, but rise as well, going hand in hand with the increase in factory orders. As with the previous two market changes, it is reasonable to assume that the U.S. dollar will experience a bullish Thursday, as well.

Daily News | So what’s the best move?

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Author: Max Rothstein
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