Daily News | Carmakers help European markets

The end of another trading week is slowly gaining on us, which means that there are only a precious few days to attain the biggest gains on the currency market that you could possibly achieve. That is where we can help you, as we have decided to focus on the euro this Thursday. From Tuesday to Wednesday, the euro rose from $1.1909 to $1.1917. Stocks belonging to carmakers went up and lifted German shares to 10-day highs on Wednesday, with positive broker notes bringing back investor interest in this cheaply valued sector. Europe’s auto index .SXAP rose 1.7%, while the pan-European STOXX 600 index rose 0.1% after an inconsistent session, with caution prevailing on the eve of the European Central Bank meeting today. From carmakers in Europe, we move on to the US dollar which fell from €0.8396 to €0.8385. US stocks were up yesterday, helped by a rise in energy stocks, but these gains were still limited by the tense situation on the Korean peninsula. Exxon and Chevron rose about 2%, which was the biggest boost to the S&P, while Home Depot shares helped the Dow. We will continue to keep you informed on everything relating to the currency market tomorrow!

Daily News | Test the broker without any risk

If you want to maximize your returns on global markets this week, be sure to check out the broker IQ Option for all your trading needs. In our IQ Option Demo Account article, we discuss this wonderful feature. It is a completely free service, which will allow you to get used to their trading platform, all while these fictional transactions hone your skills in a wholly risk-free environment. It is designed specifically with your convenience and education in mind, with absolutely no deposit required to try it out. For more information, be sure to check out our full article.


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Author: Max Rothstein

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