Daily News | Bearish day in the West

We are once again nearing the end of the trading week, so be sure to stay vigilant and carefully choose the moves you make on the market. We have, as always, prepared the best opportunities you will get this Thursday. In the U.S., the USD is expected to have a bearish day, as its Initial Jobless Claims index is on the rise. This index shows how many people are claiming unemployment for the first time, so if it’s rising (which it seems to be), that’s a sign of a worsening economy. That’s why USD’s value is expected to drop.  In other news, the British pound sterling is projected to experience plenty of changes, as Halifax House Prices index and Markit Services PMI will both be announced today. They are both expected to drop slightly, but the latter is still above 50, meaning that the service sector is still in expansion, although at a slower rate. Seems like a bearish day for GBP, too. Lastly, we turn our attention to Japan and the Japanese yen. Currently we can give a pretty accurate prediction with regard to the Year-over-Year Monetary Base index of Japan. This index tells us about the currency, about all JPY in circulation, and it’s expected to rise. Based on this information, JPY will most likely have a bullish day, favoring buyers.

Daily News | Act now!

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Author: Max Rothstein

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