Daily News | New changes in the Eurozone

We have barely started the week and already there are more exciting things happening this trading Tuesday! Read on and discover how to best take advantage of all the new changes on the market. Once again, we turn our attention to changes happening in the various markets of the Eurozone, which will heavily influence the value of the euro. For the most part, the Markit Manufacturing PMI of France, Germany and the Eurozone as a whole are expected to remain more or less the same today. However, what is important to note is the fact that the rate of unemployment change in Germany seems to be heading towards negative numbers, which could hamper the Eurozone as a whole, leaving us with a potentially bearish Tuesday for the euro. As a side note, the unemployment rate of the will remain unchanged in Germany and the Eurozone in general. Moving on towards the USD, it seems that this currency will experience a boost in value, as all indicators, from ISM Prices to construction spending and the ISM Manufacturing PMI all lead us to believe the U.S. dollar will experience a bullish day. Lastly, the GDP of Australia is expected to fall, according to the Quarter on Quarter indicator. This will most likely result in a bearish day for the AUD.

Daily News | Make the most of this

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Author: Max Rothstein

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