Daily News | Effects of a survey

It is just the start of the second day of trading, but opportunities to make money on the global binary options market are coming in from across the world! This Tuesday, we will once again be doing an in-depth look at the most important economic factors and how they will influence the value of currencies. Our first stop is the euro. The German ZEW Economic Sentiment Survey, basically a piece of data showing the difference in numbers between optimistic and pessimistic investors and analysts. This is expected to see a drop today, which could negatively influence the euro. If we take into account that the same survey for the Eurozone as a whole is also expected to drop today, we have to conclude that the euro will see a bearish day today. It seems we are once again returning to the negative trend of the previous week. Next, we look at the British pound sterling where the Public Sector Net Borrowing, i.e. the amount of new debt acquired by the U.K. governments, is expected to rise today, obviously a negative for the GBP. With the CBI Industrial Trends Survey, which shows opinions from senior manufacturing executives on various trends in the country also expected to drop, it all points to the conclusion that the GBP will also see a bearish day this Tuesday, a continuation of its trend from the previous week.

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Author: Max Rothstein

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