Daily News | What an exciting Tuesday!

The week truly started out strong, but what does the market hold for intrepid traders around the world this exciting Tuesday? More of the same it seems! Stick with us as we explore all the intricate changes happening on the market today! We start with the various national economies that form the Eurozone. The German economy is projected to help the euro with rising factory orders, and the Markit Services PMIs for both the Italian and Spanish economies are expected to rise. Retail Sales for the entirety of the Eurozone are expected to fall a bit, but with the other indicators we feel confident enough to predict a bullish day for the euro. We move on to Canada, where the Canadian dollar has seen better days. International Merchandise Trade is expected to fall, which leads us to believe that the CAD should experience a bearish day today. Lastly, we of course have to address the changes that are expected hit the U.S. dollar. Although the ISM Non-Manufacturing PMI is expected to rise somewhat, it is also more than likely, based on current predictions, that the Trade balance will drop. Taking both indicators into account, we tentatively predict a slight drop in value for the USD, which will favor sellers. As you can see, with this much going on, this really is going to be a very exciting Tuesday for all traders.

Daily News | The best financial opportunities

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Author: Max Rothstein

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