Daily News | American economy gains steam

Another trading week is drawing to a close, but there are still plenty of chances to achieve profit on the market. Luckily, we have all the data you could possibly require to have a comfortable trading day! This Friday, we focused on the euro. From Wednesday to Thursday, the currency fell from $1.0756 to $1.0604. The European Central Bank shocked market analysts yesterday, as it decided to lower asset buys starting in April next year. It also stated that it would diminish its purchases on monthly basis to 60 billion euro from the current 80 billion euro. Additionally, they also decided to prolong the buys up to the end of 2017. This will surely affect the European economy, so we will keep track of the situation in the following days. But let’s now take a look at the US dollar. In the same period, the USD rose from €0.9296 to €0.9425. This might have had something to do with the fact that Americans are filing for unemployment benefits the least in the last five months. We can view this as a further sign of the sustained momentum of this economy. We will most assuredly continue to monitor both developments in the future, so make sure you check for daily news!

Daily News | Trade safely

To really make the most of this situation on the currency market, we suggest you take a look at one of the best brokers out there, IQ Option. In our IQ Option Scam Test 2016, we take a good look at the company’s dealing and whether they are on the up and up. We were pleasantly surprised by their great trading platform, as well as their mobile trading app. The login process is also pretty straightforward and intuitive, while there is a decent selection of accounts you can create. If you would like to know more about this company, check out our full article!

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Author: Max Rothstein

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