Daily News | What does Tuesday have in store?

We have just started to make some trades on the market this week, so read on, as we tell you the most important changes that could potentially influence the values of currencies this Tuesday! We start with the Consumer price indexes of Italy and France, which could influence the euro’s standing by the end of today, as seen in our economic calendar. While it appears that the Italian index, both the Year over Year and Month over Month indexes, will most likely remain stagnant today, not really influencing the euro in a significant way. On the other hand, both versions of the index in France are expected to change, with the YoY index dropping. However, the MoM index is expected to rise by a bigger margin than the drop, which shows that we can expect a bullish trend for the euro today. Our economic calendar also says that in the States, the USD will probably see a rise in the NY Empire State Manufacturing Index, the only positive change that seems to be in the cards today. Other indexes are expected to either drop, as is the case with the country’s Producer Price Index, or remain the same, as is the case with retail sales indicators. It is expected that the U.S. dollar will see a bearish day today, as the indicators are mostly negative.

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Author: Max Rothstein
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