Daily News | A drop for the USD

It is time for the global binary options trading week to come to a close, but we still have enough hours in the day to make some wise and informed trades on the market! We start today’s analysis with the euro. It seems the Industrial Output index of France, which shows the production volume of French industries such as factories and manufacturing, is expected to rise. Similarly, the same index for the country of Italy is also projected to have a positive end of the week. With every single available index for the German economy expected to stay the same, we surmise that the euro will most likely experience a bullish day today, a positive end to a fluctuating week. Next, we turn to the U.S. dollar. It seems that the Michigan Consumer Sentiment Index, which is a survey about the confidence of consumers in the economic activity, will experience a drop this Friday.  Coupled with the extremely big drop off of the Monthly Budget Statement, a summary of the financial activities of federal entities, disbursing officers, and Federal Reserve banks, we project that the USD will experience a  drop, and a significant one, in value at the end of this trading week. This will, same as yesterday, benefit sellers.

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Author: Max Rothstein

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