Daily News | Wells Fargo in hot water

Although this trading week has entered its last day, there is still a lot of interesting stuff to discuss. Global economy is not idle, quite the contrary, so join us, as we explore everything that today’s economic data brings to the table. This Friday, we start with the Japanese yen. From Wednesday to Thursday, this currency fell from $0.0099 to $0.0098. It seems that Japanese inflation is going backwards, despite the best efforts of the Bank of Japan, indicating the limits of stimulus in reviving world growth. The data is clearly flying in the face of all the plans the BoJ had for the economy, with household spending sinking by over 4.6%. We will continue to monitor this troubling event as it unfolds, but now, let us look at the US dollar. In the same period, the USD fell as well, from €0.8928 to €0.8892. This came about as lawmakers called for the resignation of Wells Fargo & Co head John Stumpf. The company opened checking, savings and credit card accounts without the knowledge of its customers for years and one US House member even faulted the bank for identity fraud and called for the company to be dismantled. Given that Wells Fargo is one of the biggest banks in the US, this will surely send further shockwaves throughout the US economy and we shall continue to follow this story.

Daily News | Trade with the very best

If you want to trade with one of the very best companies in the binary options business, you should open an account with 24option. And you have a great choice when it comes to opening an account with this broker. In our 24option Account Types article, we write about all the exciting opportunities presented by each of their account models. Their platform is extremely user-friendly, so you will have no problem at all choosing from their four main trading modes: Short Term, High/Low, Boundary and One Touch. They are CySEC regulated, guaranteeing the security of your funds with multiple firewalls. For more on this broker, check out our main article!

PICK THE PERFECT ACCOUNT FOR YOUR TRADING STYLE
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.
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.