Daily News | Important changes on the market!

It is Wednesday today, which means that time is dwindling. Make sure you make the most lucrative choices on the global binary options market! We will of course do our best to help you out by listing the most important changes on the market of the day. We start with the British pound sterling. The Industrial production index, which measures outputs of UK factories and mines, is expected to rise. The same goes for both Year-over-Year and Month-over-Month versions of the index. Manufacturing Production is a significant short term indicator of the strength of UK manufacturing activity, which accounts for a large part of the total GDP. It is expected to rise compared to the last month and this is a step up from when we last reported on the currency on Monday. Therefore, we predict the GBP will experience a bullish Wednesday, favoring buyers.

Important changes on the market will affect the U.S. dollar, as well. The EIA Crude Stocks change index, which measures the change in the number of barrels in stock of crude oil and its derivatives on a weekly basis, is expected to drop sharply. This seems bad, but the Monthly Budget Statement, which summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks, is expected to be positive. This is a good sign, and we project that the USD will experience a bullish day, since the latter parameter influences its value much more. We just have to see if this change will continue over the following days.

Daily News | Invest wisely with a good broker

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Author: Max Rothstein

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