Daily News | Interesting changes

Welcome to the last day of binary options trading this week! And what a day it is! There are a lot of interesting changes that could potentially influence currencies across the world, so sit down, strap yourself in and read our in-depth article! We start the day off with the euro. Eurostat will be announcing the Eurozone’s GDP today, and this important figure is expected to remain pretty much the same, both in YoY terms and QoQ terms. However, Consumer Prices Indexes in Italy and Germany will drop, as will Greece’s GDP, so we are predicting that the euro will most likely have a bearish day, favoring sellers. This is a turn for the worse from yesterday, so act accordingly!

Now, let’s look at the U.S. dollar. Interesting changes can be seen over there, as well, but in a positive sense. The country’s economy looks really healthy because all indexes are on the rise today. The Retail Sales index, for example, which measures the total receipts of retail stores, is one of them. The Michigan Consumer Sentiment Index, a survey of personal consumer confidence in economic activity, is also projected to rise, so it seems that the USD will see a bullish Friday. This is a continuation of yesterday’s trend and a good proof that this currency is looking very strong.

Daily News | Make your choice

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Author: Max Rothstein

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