Daily News | Positive trend on Wednesday?

It is the middle of the working week and we are really in store for a lot of ups and downs this Wednesday on the market! Read carefully as we break down the most important changes. We start off in Europe, with the pound sterling. The British currency should see an overall improvement today, at if the current market indicators are to be trusted, with both industrial and manufacturing production being on the rise. Next, we go to North America, with the USD having a bit of a positive trend, with wholesale inventories, a statistic from the second stage of manufacturing, falling, marking a bullish day for the dollar. The Canadian dollar, on the other hand, seems to be on the path to retaining the same standing it had yesterday, as there is no expected change to be had, at least according to current market indicators. The same can be said for the New Zealand dollar, which is also expected to retain the same value. In Japan, the yen seems to be headed towards a slightly bullish end of the day, as Japan’s Domestic Corporate Goods Index as a whole seems to be positive overall. Lastly, the Chinese yuan is following a positive trend as well, as the Producer and Consumer Price Indexes show improvement across the board.

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Author: Max Rothstein

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