Daily News | Fourth quarter troubles US

Another day, another set of business opportunities in the exciting world of binary options. The market just won’t relent. Once again, we bring you the news that will affect the market in a profound way, so that you can come up with the right trading strategy. There’s a lot to discuss, so let’s get going. This Wednesday, our analysis starts off with the euro. From Monday to Tuesday, the currency fell from $1.0721 to $1.0720. The STOXX Europe 600 Banks index was up 1.6%, as it rose to its highest level since January. Italian banks also rose 2.2%, which is a positive development in the face of the resignation of Italian Prime Minister Matteo Renzi. We will continue to monitor all the data coming in from Europe, but we will now turn to the US dollar. In the same timeframe, the USD fell from €0.9326 to €0.9296.The US trade deficit recorded its biggest gains in more than a year and a half in October, which seems to suggest that this will be a drag on growth in the fourth quarter. The deficit rose to $60.3 billion from $54.2 billion in September. We will continue to monitor this situation and whether we can expect positive changes in the final stretch of the fourth quarter.

Daily News | Use a high-tech platform!

If you want to make your mark on the currency market this week, we suggest you take a look at IQ Option. In our IQ Option Trading Platform 4.0 article, we write about all the technical details you need to know to have a great experience with this broker. Their new platform, launched this year, offers a superb array of graphs and charts, they also offer both classic methods of trading and a 60-second turbo option, which will benefit all traders, new or old alike. For more on what they have to offer, check out our full article!

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