Daily News | A surge of optimism in the US

We are gearing up for the start of hump day today, with plenty planned to go down this Wednesday on the global binary options market, especially when it has to do with currencies. That is why we will focus on the euro. From Monday to Tuesday, the currency fell from $1.0882 to $1.0836. In spite of this, European shares gained yesterday in early deals, which was further helped by good results and new deals being made, following a previous dip. The pan-European STOXX index gained 0.4% by Tuesday early morning, with banking stocks and basic resources being the largest risers. We will continue to monitor fluctuations in European markets, but let us now turn to the US dollar. In the same period, the currency rose from €0.9189 to €0.9235. It seems that the economy of the States is once again rising, as consumer confidence experienced a surge which saw it rise to 16-year highs, as labor market optimism flourished. In fact, the surge amounted to 9.5 points and stopped at 125.6 this month. Other gains were seen in the housing market in January, with house prices rising. The Trump administration also made it its mission to pursue tax cuts and deregulation. We will monitor these stories in the future as well, so be sure to stick with us!

Daily News | Experience a new environment

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Author: Max Rothstein

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