Economic Calendar | Good news for sellers of the pound sterling and the yen!

It is the middle of the week and we have some really intriguing things happening on the economic calendar on Wednesday. So sit back, relax, and read on. It would appear that the pound sterling will see a slight negative trend today, as its economic calendar indicators seem to be on the decline. The number of unemployed claimants is on the rise, while the average earnings of UK citizens are expected to drop somewhat, which could all lead to a bearish day for the GBP, favoring sellers. On the other hand, it looks like it could be a good day for the USD. Although the number of building permits is on the decline in the U.S., housing starts, which indicate the amount of new single-family homes and buildings, is expected to be on the rise, alongside industrial production, which is expected to rise a full percent. Even the capacity utilization of U.S. industry is expected to rise somewhat, and this, coupled with the earlier indicators, suggests that the dollar will see a bullish Wednesday. Lastly, it seems that the Japanese yen will see a slight slump in its value today. Although imports seem to be on the rise, exports and the merchandise trade balance total seem to be falling, which could give us a sign that the yen will not be in the black by the time the markets close.

 

Economic Calendar | The best way to profit

There you have it, the most important changes that could happen on the forex market today. If you are at a loss as to how to properly invest in the market today, then look no further. We advise you partner up with the brokers over at Boss Capital. With their low Boss Capital Minimum Deposit you can see that they are determined to provide you with the best possible service. Still not convinced? Head on over to our Boss Capital Withdrawal article for more information!

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