Daily News | Lower economic indicators

It is the middle of another global binary options trading week and the various opportunities just keep on coming! Economic indicators from across the globe are set to change this Wednesday, which makes it imperative that you stick with us, as we look at the most important changes. We start off with the British pound sterling. It seems that both the Year-over-Year and Month-over-Month Industrial Production index, i.e. outputs of the UK factories and mines, are expected to drop today. Manufacturing Production, on the other hand, which measures the manufacturing output of the UK, is expected to rise a bit. Based on the available data, we have surmised that the GBP will, most likely, see a bearish day today, which will favor sellers. Next, we will turn to the economic indicators regarding the U.S. dollar. The EIA Crude Oil Stocks change index, a number showing the change of crude oil stocks and the stocks of its derivates on weekly basis, should shrink quite a bit today. Coupled with the slight fall of the JOLTS Job Openings index, which is dedicated to job vacancies in the country, we believe that you can, for the first time in quite a while, expect a bearish day for the USD as well.

Daily News | Access your funds without problems

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Author: Max Rothstein

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