Daily News | A new trading week begins

Another global trading week begins and more business opportunities will arise, so make sure you are ready to make it big by making some expertly made trades on the currency market! We are here to help you out by looking at the most important economic indicators. Today, we start our analysis with the euro. The German economy will once again play an important part when it comes to the value of the European currency. The German Producer Price Index, which tells us the situation on German primary markets, is expected to rise this Monday. Since this is the only currently predicted indicator for the euro, we expect to see a slight bump in the value of the currency. This can be seen as a return to a more bullish path for the euro, a recovery from the last weekm but we will have to wait and see what tomorrow brings for more conclusions. Next, we look at the Canadian dollar. Specifically, we will look at the country’s Wholesale Sales Index. Apparently, this index will most likely see a rise in value today, which could potentially have bullish implications for the CAD, which is a departure from the previous trading week.

Daily News | Find a reliable partner

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Author: Max Rothstein

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