Daily News | Continuation of the last week

We are in the second day of global binary options trading and new opportunities are coming to the fore! You will want to read on, as we look at all the changes to economies important for all the most influential global currencies! This Tuesday, we start with the euro. One of the biggest indicators will be the Quarter-over-Quarter Employment Change index of the Eurozone as a whole. Apparently, it seems that this index will drop slightly, which could negatively impact the euro. However, if we look at the Industrial Production index, we see that the production in industries and factories will rise significantly, ultimately leading us to conclude that the euro will most likely experience a bullish Tuesday, a continuation of the last week’s trend. Now, we turn to the U.S. dollar. With Retail Sales, which is a measure of the total receipts of retail stores, expected to drop, it seems things are not looking good for the USD.  Import Prices, which informs the changes in the price of imported products into the U.S. is expected to rise, but we believe that the drop in retail sales will negatively influence the USD, leading it to drop further, another continuation of trend from the last week.

Daily News | Trade safely

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Author: Max Rothstein

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