Daily News | Another bearish Thursday?

We are nearing the end of the week today, so be sure not to miss all the exciting new changes on the market today. Stick with us, as we analyze the most important economic indicators. We start of the day with the euro, which has several important changes in store. It appears that the trade balance of the Eurozone as a whole is expected to drop sharply, while Consumer Price Indexes are expected to either stay the same, or rise slightly. In light of these changes, we expect that the euro will have a bearish Thursday, as the trade balance is falling by a wider margin than the Consumer Price Index’s rise. As far as the pound sterling is concerned, it seems as though it will remain more or less unchanged from its previous standing earlier this week, favoring neither buyers nor sellers. Over the pond in America, the USD seems to be experiencing an overall positive trend, as although the initial jobless claims and continuing jobless claims of the U.S. are on the rise, its other indexes are overwhelmingly positive. The last bit of news we have for today also comes from North America, as the Canadian dollar will most likely experience a bearish Thursday, with its Wholesale Sales index dropping by more than a percent.

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Author: Max Rothstein

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