Daily News | North America’s economic indexes

It is the last day of the global binary options trading week, so you should definitely join us, as we go into great detail while looking at the various economic indexes that could have an impact on the market this Friday. We start off, and remain, in North America for the entire day, as current forecasts only show the changes that could happen to the U.S. and Canadian dollars. In the United States, Month-over-Month Average Hourly Earnings index is expected to remain the same, while Nonfarm Payrolls are expected to experience a significant drop. The latter is important because it represents the number of new jobs created outside agriculture and can tell us a lot about the country’s economy. Add to that the fact that the Consumer Credit Change index is also expected to drop, meaning that U.S. citizens have less money for big expenses, and it’s quite clear that these two economic indexes point to a bearish USD today.

Now, let us talk about the Canadian dollar. The country’s Unemployment Rate is expected to rise, but only very slightly. Ivey PMI should also increase, but much more, and since this index indicates business conditions and is expected to keep rising beyond 50 points, this is a very good sign. We’d go with a bullish CAD today.

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Author: Max Rothstein

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