Daily News | Variations of indexes

This trading week is slowly drawing to a close, but there are still plenty of lucrative business opportunities on the market! Once again, we will explore all the economic factors that could influence your earnings. We start off with the British pound sterling. According to the Retail Sales index, the number of total receipts of retail stores, it seems that the British economy could take a hit this Thursday, as all variations of this index seem to be indicating a bearish day for the GBP. This bearish prediction is made more certain when you consider that this is a continuation of the trend we have seen from the past week. Next, we turn to the U.S. dollar. The Consumer Price Index, which compares retail prices of a representative shopping basket of goods and services, is expected to see a rise today, according to most of its variations. If we also add to that the fact that the NAHB Housing Market Index, which shows us sales and expected buildings, i.e. points to the future  housing market trends in the country, is expected to rise, we have to surmise that the USD will see a bullish day today. This would be a departure from the negative trend we have seen recently.

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Author: Max Rothstein

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