Economic Calendar | A bullish push of the biggest currencies?

There are many interesting trading options left until the end of this week, so let’s take a look at what our economic calendar has to say. Some potentially interesting developments in the foreign exchange market in the following few days concern the euro and the U.S. dollar, both of which have a high potential of seeing a solid increase in value, ending this week on a high note. A good way for you to profit from these changes in the market would be to trade with Ox Markets, a firm that not only lets you keep your profits, but also covers your losses. They are also regulated by the CySEC and their funds are 100% secure. Additionally, they manage over 200 tradable assets on a great Ox Markets Trading Platform. The best part is that, by making an Ox Markets Minimum Deposit, you will have access to unlimited risk-free trades. Yes, that’s right, you can actually trade continuously without ever losing a single cent here. Only profit awaits you with this broker, so hurry up and make your first deposit. With Ox Markets, the math will always be in your favor, so why wait any longer? Open an account and trade with them now!

Economic Calendar | What’s hot

Economic Calendar | This week’s trump cards

You can see on the economic calendar that the USD will see some intriguing changes in the following few days. Both continuing and jobless claims in the U.S. are expected to see a slight decrease, which should help the dollar. Furthermore, retail sales, both including and excluding the automobile market, are on the rise, while Michigan Consumer Market Index, which indicates personal consumer confidence in market activity, is also showing a slight increase from 92 to 93 points. All of these indicators show that the USD may very well experience a bullish week, which would be beneficial to anyone buying this currency. Moving on to the euro, many market indicators will shape its standing by the end of this week. Economic calendar also shows that the German economy could potentially have significant influence on the euro, as its GDP should experience a slight increase. Similarly, the Italian GDP is expected to rise as well. Coupled with a rise in overall industrial production within the Eurozone, you could very well see a stronger euro by the end of this week. There is definitely high potential of a bullish week for the euro. With a rise in the housing price balances in the UK, the GBP might experience a slight rise, similar to the AUD, which could experience a rise in value due to the increase in home loans from 1.8% to 3.0%.

Economic Calendar | Conclusion

There you have it; those are the most relevant changes in the currency market that could occur by the end of the week. It appears that the week will favor buyers rather than sellers, as both the euro and the USD could experience a bullish week. The week might also see a stronger pound sterling and Australian dollar. If you want to take advantage of these changes, our advice is that you use our economic calendar and Ox Markets as your go-to trading firm. With quick withdrawals and perfectly free education materials, you will never be caught unprepared for trading on the market again!

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Author: Ben Prescott
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