Daily News | Another bearish Tuesday?

Today is a very interesting day on the market, with multiple opportunities to make some money. Read on, as we go into greater detail on all that Tuesday holds for you! We start off with the Chinese yuan, which has several interesting changes in store for it, at least according to current economic indicators. Although Chinese imports seem to be experiencing a positive trend, the exports seem to be another matter, with its negative trend getting worse. Coupled with the trade balance, which is expected to see a significant downturn, it is more than likely that the yuan will see a bearish Tuesday, favoring anyone planning on selling this currency. Next, we turn to Europe and the euro. It will also see several important changes, as the industrial production of Germany will help the euro increase its value. However, the French trade balance is apparently worsening, while the Spanish industrial output will hover around the same number. With the GDP of the Eurozone as a whole set to remain the same, one can only assume that the German economy will once again help the euro’s market standing, perhaps increasing its value somewhat.  The Swiss franc is set to have a bullish Tuesday, at least according to its consumer price index. Lastly, the Australian dollar will experience a bearish Tuesday, if the indicator for home loans in the country is to be believed, which will experience a sharp downturn.

Daily News | How to profit from these events?

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Author: Max Rothstein

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