Daily News | Continuation of trends

The week has barely started, but the lucrative changes on the global binary options market just keep picking up steam! We have prepared an analysis of all the economic indicators that could potentially influence the shape of the currency market, so be sure to read on! We start out with the euro. The German economy will once again play a pivotal role, with its Current Situation ZEW Survey, which measures the institutional investor sentiment. This reflects the difference between optimistic and pessimistic investors and anaylsts and is projected to be on the rise. Even the Economic Situation ZEW Survey is expected to increase. Therefore, we have to conclude that the euro will see a bullish Tuesday, which is a continuation of the trend we have been seeing for a while now. Next, we turn to the U.S. dollar. The most important economic factor to take into account for this currency will be the Month-over-Month New Home Sales indicator, as well as all its other variations. It is an important measure of housing market conditions, one that will have a strong, positive influence on the USD. We predict that the dollar will most likely see a bullish day, a clear continuation of yesterday’s results.

Daily News | Choose a safe partner

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Author: Max Rothstein

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