Daily News | A bearish Tuesday?

We are in the middle of the week today with economic indicators shaping the look of the market today. So, let us dive into all the most important news you need to know in order to make some money. It seems as if German economic changes will once again be shaping the course of the euro today, as, although the GDP remains unchanged, the IFO expectations, current assessments and business climate all seem to be indicating a drop in the economy, which might lead to mostly bearish trends on Tuesday for the Eurozone currency. This could turn out to be especially true, as business expectations in France also do not seem to be favoring a positive change, as it looks like current business conditions in the country will remain unchanged. It would appear that there will be some interesting things happening with the U.S. dollar as well later today. Some indicators on the economic calendar are expected to remain unchanged, such as the S&P/Case-Shiller Home Price Indices. However, it appears as if there is a negative trend occurring, as existing home sales are falling consumer confidence appears to be dwindling. And lastly, the existing home sales changes are expected to drop significantly, by over 15%. Based on these indicators, it appears that all signs point to a bearish day for the USD, which should favor sellers on the market today.

Daily News | How do bearish trends help you?

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Author: Max Rothstein

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