Daily News | US job growth at its peak

For the last two days, we’ve been talking about how the Fed is likely to increase its interest rates next month, but today that seems almost certain. The reason for that is the latest data on US job growth which was at its highest last month since October 2015. This is primarily seen as a recovery from the hurricanes that hit the US in September and caused the first drop in the number of jobs in seven years. It is important to stress, however, that the jobs affected by the hurricanes were the lowest paying jobs, so this US job growth primarily signifies the return of these people to their posts. This will likely slow down the rate at which wages are growing.

In other news, Bank of England hinted at two more increases of its interest rates in order to meet its goals regarding inflation. Deputy Governor Ben Broadbent did say this was not certain, but given the situation and the facts we know, the increases seem very likely to happen. Yesterday, the bank raised its rates for the first time in a decade, but that did not prevent the currency from losing a significant chunk of its value. We will have more on this next week, so check our daily analysis again on Monday.

Daily News | What do you need from a broker?

We believe ZoomTrader to be one of the best choices for all traders when it comes brokerage companies. They offer loads of features and all you have to do to access them is set up your ZoomTrader Account. There are four main packages to choose from, all of which offer great value for your initial investment. Read our analysis and see what you need if you want to get stated here and then sign up. It’s a simple process which will be well worth your time.

 

CHOOSE THE RIGHT PACKAGE
Author's overall rating:
Author: Max Rothstein
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.