Daily News | What about the previous trends?

It is the middle of the week, which leaves you just enough time to inform yourself about the various, extremely titillating options currently available on the global binary options market! We will take a close look at the most important economic changes this Wednesday, so be sure to read on! We start the day with the euro.  German indexes will once again have an important role to play, most notably, the IFO group of indexes, including Expectations, Current Assessment and Business Climate. These indexes are closely watched as an early indicator of current conditions and business expectations in Germany. Based on current projections they are expected to rise. Coupled with the steady rate of the Gfk Consumer Confidence Survey, which measures the level of consumer confidence in economic activity, we can once again expect a bullish day for the euro, which is in line with previous trends. Next, we turn to the U.S. dollar. It seems that the Goods Trade Balance, which is the difference in value between imported and exported goods during a certain month, will experience a drop. The Markit Services PMI is projected to rise, but the Energy Information Administration Crude Oil Stocks change, that is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, is expected to drop sharply. We took all of this into account and conclude that this could very well be a turning point for the USD, leading to a bearish Wednesday. Previous trends for this currency, therefore, are not expected to continue.

Daily News | Withdraw safely

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Author: Max Rothstein

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