We are nearing the end of this global trading week, but fear not! There are plenty of opportunities left for discerning traders to make a profit this Thursday. We examined all the pertinent data you need so that you can be free to focus on trading on the currency market. We start the day off with the euro. From Tuesday to Wednesday, the currency fell from $1.0995 to $1.0974. This news comes to us along with the European Commission’s belief that the free trade deal the European Union was negotiating with the US will come to pass under the current administration. This would put the Transatlantic Trade and Investment Partnership on hold. Sources say that there has been some progress, which the Commission would want to preserve. We will continue to look at the TTIP in the weeks to come, but let us now look at the US dollar. In the same period, the USD rose from €0.9094 to €0.9107. The US is easing its supply glut to help lift oil prices to its one-year highs, but we have yet to see how their government will react on this trade deal with the EU. They were betting pretty heavily on the TTIP. In other news, Wall Street was set to open higher, but neither the higher commodity prices nor the stabilization of China’s economy could prevent a dip in world stocks. For more news, be sure to follow us daily.
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