Daily News | Monetary policy in action

Here we are once again dear readers. We are at the beginning of another exciting week of global binary options trading, with plenty of news just waiting to be used to make the smartest trades possible on the currency market! We start off with problems in the banking sector, but this time in the Far East with Japan. It seems that the yen fell from Thursday to Friday, from $0.009899 to $0.009856. This runs counter intuitively to the decisions made by the Bank of Japan regarding negative interest rates, as part of its monetary  policy. Profits for its big banks fell by nearly three billion USD. Watch out for these changes, which could cause the currency to falter in the near future. In the UK, the British pound sterling fell in the same time period, from $1.2957 to $1.2932. This comes on the heels of the Bank of England’s changes to its monetary policy being termed a “short-term balm” for the British economy, according to Andy Haldane. He added that the economy could not be helped solely by these monetary efforts, as Brexit would influence every facet of the economy, including regional, socio-economic, inter-generational and housing. Make sure to stay up to date with the news by continuing to read our daily news in the days to come!

Daily News | Profits are ripe for the taking!

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