Daily News | A bearish trend on Wednesday?

Time is really flying by, it is already the middle of the week! The market is in full swing and there are plenty of financial opportunities available – you just have to know where to look. Read on, as we discuss the most important changes of the day. We start with changes happening in the Eurozone. The German economy will play an important role in the euro’s market standing today because of a sharp projected dip in the German Industrial Production indicator. This will most likely lead to a bearish trend today for the euro as the German economy is one of the strongest in Europe. The sellers should therefore be in a better position. In the Far East, the yen is also expected to drop in value, as the Leading Economic index of Japan is expected to drop. This could very well influence the yen in a negative way and this currency may also have a bearish trend today. Bad news for any would be buyers of the pound sterling as well. All currently available indicators, such as Housing Equity Withdrawal, point to a drop in overall value of the GBP. Lastly for today, we move to America and the Canadian dollar. According to the Ivey PMI of Canada, the CAD could experience a bullish day today, the only projected good news for buyers on the market this Wednesday. If you’re looking to buy, do not miss out on this opportunity!

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Author: Max Rothstein

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