Daily News | Banking sector boosts Europe

Another trading week is drawing to a close, but it’s not all over yet. There are still trades to be made, and we have the data that could help you out the most, so let us jump right into it. This Friday, we focus on the euro. From Wednesday to Thursday, the currency fell from $1.0425 to $1.0451. However, unlike the currency, European shares edged up on Friday, helped by the banking sector after Credit Suisse and Deutsche Bank settled various mortgage securities fraud suits with the United States, alongside Italy’s Monte dei Paschi agreeing to a bailout. In fact, Deutsche Bank rose by 4%, the biggest gainer on the index. Credit Suisse also rose by 2% after settling with the US Department of Justice. Therefore, the banking sector is the star of the day in Europe, but let’s see how things are developing in the US. In the same timeframe, the USD fell from €0.9591 to €0.9568. However, the currency is still up by more than 7% against its various counterparts on the market after hitting record lows on US election night in November. Futures on Wall Street also pointed to a flat open, so be sure to watch out for that. For more news in the coming weeks, be sure to follow us every day!

Daily News | Want to be mobile?

To improve your standing on the currency market this Friday, there is no better partner than 365BinaryOption. In our 365BinaryOption App article, we write about the best way to utilize this technology edge the broker is offering. Their app is available both in Google Play store and the App Store. It is completely free, so all you have to do is download it and start trading. The interface is both simple and intuitive, suitable for both new and experienced traders. For more on this offer, be sure to check out our full article!


Recommended reading

Author's overall rating:
Author: Max Rothstein

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.
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.