Daily News | Bullish USD at the end of the week?

It is the last day of the trading week on the market, which means it is the last day this week that you can make a profit. Do not miss out, as we detail the most important changes of the day. The euro is experiencing interesting changes from yesterday’s overview, as the German economy is once again heavily influencing the currency. The Consumer Price Index of the country is expected to experience growth; however, indicators for the Eurozone as a whole do not seem to share this positive attidude. Although consumer confidence is expected to grow, services sentiment, industrial confidence, economic sentiment indicator and business climate indicators are all expected to drop. This leads us to believe that the euro will, when all is said and done, experience a bearish last market day. The other big player of the day appears to be the U.S. dollar. Although some indicators, such as the Personal Consumption Expenditures Prices, are expected to remain the same as they were and the annualized GDP is expected to drop, we believe that a bullish USD could very well be an important asset today. Personal spending is expected to increase, the same as other indicators for personal income, Personal Consumption Expenditures – Price Index and the Michigan Consumer Sentiment Index. It all adds up to a bullish USD Friday.

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Author: Max Rothstein

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