Daily News | Bullish yuan on Monday?

Here we are at the start of a brand new, exciting week of binary options trading. Join us, as we examine all the changes on today’s market that could potentially increase your profits! We start the day off in the Far East, with the Chinese yuan. The Chinese Producer Price Index appears to be on the rise from its earlier slump, which could prove favorable for the yuan. However, there is a discrepancy between the Year-over-Year and Month-over-Month Consumer Price Index, with the former rising and the latter falling. When taking all of the indicators into consideration, we surmise that we will, most likely, see a bullish yuan Monday. The next currency we will be concerning ourselves with, is the euro. Specifically, we will be dealing with the influence the Italian economy will have on the Eurozone as a whole. We will be looking at a particular Italian economic index, the Month-over-Month Italian Industrial Output. If the currently projected indicator is to be believed, industrial output will see a significant drop in Italy, which could have dire consequences for the euro’s standing. Its value is expected to drop this Monday, leading to a more favorable climate for any sellers on the market today.

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Daily News | Your best bet on the market

So how do you make the most of a bullish yuan and other changes on the market? Well, it never hurts to have qualified, experienced brokers in your corner, and CherryTrade has everything you need. They offer free, weekly calls and improvement sessions that will help you start out. Furthermore, you will receive a free personal account manager and a private Skype room for one on one consulting. In addition free alerts that will help you whenever there is a breaking trade taking place are also available. If that’s not enough info for you, you can always check out our detailed CherryTrade Review for more on this broker!

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Author: Max Rothstein

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