Daily News | A rising euro on Monday?

Here we are, another week with more chances for some amazing, and profitable, action on the market. Read on as we explore the most important events of this Monday. Let us start the day off with a look at the currencies of Europe. The euro appears to be having a good start to the week, as its Current Account index, which looks at the net flow of current transactions, is expected to rise considerably. As if that was not enough to put the Eurozone’s currency in the black, its Consumer Confidence index is rising. Most likely, we will see a strongly rising euro today. When it comes to the pound sterling, it appears we have more good news for all you buyers out there, as its CBI Industrial Trends Survey shows a steady increase, which could help the GBP come out on top today. Over the pond, we turn to the U.S. dollar, which appears to be fluctuating somewhat, and trending negatively at that. Existing Home Sales appear to be dropping, which could lead to a bearish day for the USD. Lastly, we turn to the Australian dollar, which will, based on the House Price Index of Australia, have a bearish Monday as well, favoring sellers of this currency.

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Author: Max Rothstein

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