Daily News | New US jobs disappoint

We are nearing the end of this global binary options trading week, but do not worry, as we will continue to keep you informed on the global economic situation! New jobs played a particularly significant role in the last few days, but we’ll get to that a bit later. First we have to discuss the euro, as this currency fell from Tuesday to Wednesday from $1.1219 to $1.1205. This most likely came about due to the fact that the prospect of European Central Bank curtailing its bond-buying stimulus rattled investors yesterday, which caused stocks across Europe and Asia to tumble. Rumors can have damaging effects on the market, as ECB media officer Michael Steen did come out and say that this reduction in bond buying was not discussed in its decision-making body. We will continue to monitor this situation, but let us turn our attention now to the US dollar. In the same period, the USD rose from €0.8912 to €0.8921. It was most likely helped along by the private sector adding over 154,000 jobs in September, at least according to the ADP National Employment Report. This was, however, below expectations for the month. We could see these numbers change, as the US Labor Department’s report is much more comprehensive, and economists are hoping to see growth around the 170,000 jobs.

Daily News | Learn all about this business

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