Daily News | Bearish dollar on Monday

The start of any week is extremely important, especially if you are investing in the binary options market. If today is an indicator of the rest of the week, then what a week this is going to be! Join us as we look at the hottest trades of the day. The biggest developments are coming in from two opposite sides of the world: Japan and the United States. In the U.S., Personal Income seems to be dropping, almost by half a percent. Similarly, Core Personal Consumption expenditure is dropping, along with personal spending by household. The only U.S. dollar indicator that appears to be rising, in fact, is the Pending Home Sales index, which will get a significant boost. However, since the other indicators are expected to have a greater influence on the USD, we have to assume that we will see a bearish dollar this Monday. In Japan, the Jobs/applicants ratio index is expected to rise somewhat, with the unemployment rate staying the same as it was. Overall household spending is expected to rise today it seems. Similarly, retail trade in Japan is expected to have a rising trend today. Based on the current market situation, we have to assume that the yen will in fact have a bullish day today, favoring buyers.

Daily News | The best broker for the job

It seems as though the hottest currencies of the day, the bearish dollar and the bullish yen, are going in different directions, which might confuse people new to the trading scene. Well, fear not, as the brokers over at 24option have just the right tools and skills you need to make a profit. 24option has an award-winning platform, the largest information center in the binary options trading business and over 100 assets for you to trade with. With all of these features backing you up, you will be a trading pro in no time at all! Learn more about this broker in our 24option Review 2016!


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Author: Max Rothstein

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