Economic Calendar | A bullish week for the currencies?

This week will see some interesting changes in the currency market, so stay with us as we break down all the new developments in store for potential investors. Can we expect a bullish week for the euro and U.S. dollar, or perhaps a bearish one for the yen to bring you a tidy profit? Perhaps this week’s sluggish GBP changes have you worried? To take full advantage of the ever-changing foreign currency market, apart from using the economic calendar, we suggest you try giving Banc De Binary a shot. They won our Best Binary Broker award for the best trading platform in 2015, and they have a new offer regarding their professional trading alerts. The service is extremely reliable, as agencies, such as the AMF, SEC and SFC regulate Trading Central, a leading analysis firm which makes these predictions. Other important tools will also be at your disposal and the best part of Banc De Binary’s special offer, other than free trading signals on FX pairs, commodities and indices, is that you will receive a free trial period as well. Open one of the Banc De Binary Account Types, use your economic calendar and start capitalizing on our market analysis!

Economic Calendar | What’s hot?

Economic Calendar | Potential money-makers

With current transactions falling in Japan, we suggest you prepare yourself for a potential drop in the yen’s worth in the coming days. On the other hand, when it comes to the pound sterling, there is good reason to believe that it will see a modest increase in value, as, although the economic calendar shows a mostly unchanged view of the UK’s trade balance, the housing price balance is expected to see a 2% increase. This means that the housing market just might help the pound sterling have a bullish week. Economic calendar also hints that the euro will see many important changes, especially according to indicators coming from Germany. Germany’s trade balance and exports are expected to rise, while imports will see a small decline. Additionally, this country will see its Year over Year GDP rise, giving further indications that the euro will have a bullish week. This, coupled with the Italian GDP overall having a rising trend, could see the euro have a good week. And lastly, the USD will most likely have a bullish week as well, as retail sales and control are seeing a developing positive trend, while the Michigan Consumer Sentiment Index is also seeing its number rise, a strong indicator of a potentially stronger USD.

Economic Calendar | Conclusion

And there you have it, folks – the most important next week currency market events from the economic calendar. This week seems like it will favor buyers more so than sellers, as the USD and the euro both look like they will rise in value. As we have stated before, Banc De Binary really has covered all your possible trading needs. It follows all the relevant data, while top analysis firm Trading Central provides free trading signals. With a one-stop service for analysis and market news, you will have all the tools you could possibly need to make the wisest investments. Try it out today!

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Author: Ben Prescott

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