Daily News | Upward trend closes the week

And here we are folks. It is the end of the global binary options trading week, which means that you only have a few short hours to make some lucrative trades! We start our analysis of the day with the European euro. The main currently available indicator for this currency is the German Producer Price Index, both its Year-over-Year and Month-over-Month variation, which measures the average changes in prices in the German primary markets. According to currently available data, this index will rise, which will help the euro continue its upward trend from earlier in the week. Next, we turn to the U.S. dollar. The Existing Home Sales Change index, which provides an estimated value of housing market conditions, is set to see a sharp drop. However, if we take the Month-over-Month Existing Home Sales index into account, which is generally considered to have a much more important role in the fluctuations of the USD, the situation changes. Taking all of this into consideration, we have to conclude that the U.S. dollar will, most likely, experience a bullish Friday. This is a clear continuation of the upward trend we have seen forming across this past week.

Daily News | Increase your funds

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Author: Max Rothstein

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