Daily News | Bearish Monday starts the week

It is the start of another very exciting day for the binary options trading market, with trades happening all around the world. Sit back, relax, and read our take on today’s hottest investments! We start the week and the day off with the euro. It appears that the Spanish market will negatively impact the currency, as unemployment figures are expected to rise in the country. The Producer Price Index of the Eurozone as a whole is expected to drop, while Sentix Investor Confidence index is expected to rise. Based on these indicators, we predict a bearish Monday for the euro, which will favor sellers. Moving on to the pound sterling, based on its PMI Construction index, the British currency is expected to have a slightly bullish day this Monday, favoring buyers. In America, the USD is expected to drop, as the country’s factory orders are projected to drop significantly, leading to a bearish Monday for the U.S. dollar, as well. In the evening, the Japanese yen, due to the expected drop in Labor Cash Earnings, is expected to lose some of its value, leading to a bearish day for it. Lastly, the Australian economic indicators are leaning towards a bullish day for the Australian dollar, due to the increase in the trade balance.

Daily News | Pick the best business partner

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Author: Max Rothstein

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