Daily News | A bearish Wednesday today?

We are already in the middle of the business week, which means that, if you have not already taken a chance on the market, you had better get a move on! Stick with us, as we explore all the exciting opportunities trading industry might bring to you today! We start our analysis with the British pound sterling. It seems that the rate of unemployed claimants will remain static, while the Jobless Claims Change is signifying a negative trend. However, it seems that average weekly earnings are expected to experience a rising trend across the board. The tipping point for today it seems, is that employment change is expected to drop sharply, which will most likely lead to a bearish Wednesday for the pound sterling. The other big player of the day is the U.S. dollar. USD Housing Starts are expected to rise overall, which could help the economy. However, the same cannot be said for the Building Permits and Consumer Price Indexes, which are trending more towards negative numbers today, which will, when taking everything into account, more than likely lead to a bearish Wednesday for the American currency. Lastly today, the New Zealand dollar is expected to also experience a slight drop today, as its GDP indicators seem to be dropping, leading to a bearish outcome.

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Author: Max Rothstein

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