Daily News | Sudden changes in Australia

It is the middle of the week today and Wednesday opens up some interesting investment opportunities on the market. Stick with us as we go into detail on the most profitable projected changes for today. Starting off, the Australian dollar saw some interesting changes earlier today, as, although the Wage Price Index remained unchanged, the indicator for the amount of construction work done had a positive trend. Coupled with private capital expenditure indicators which are expected to see a massive positive change later in the evening, the Australian dollar is expected to have a bullish trend today, favoring currency buyers. In the Eurozone today, things are expected to remain largely unchanged from where the euro left off yesterday. This can be seen with the consumer confidence index in France, which appears as if it will remain the same as it was before. When it comes to the pound sterling however, it appears as if it will experience some negative trends today, as the CBI Distributive Trade Survey index is expected to drop in value, leading to a bearish day for the GBP. Lastly today, the USD. Although the Markit Services PMI is expected to increase today, other indicators, for example the changes in new home sales and sales in general will most likely experience a drop, leading to a bearish day for the U.S. currency. Market trends for this Wednesday appear to favor sellers.

Daily News | Making the right move

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Author: Max Rothstein

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