Daily News | Citi suggests buying

It is the last day of the global binary options trading week, but of course, we have you covered with the latest data that could potentially influence the global binary options market and your bottom line. You do not want to miss out on the news surrounding the European market. From Wednesday to Thursday, the euro fell from $1.1220 to $1.1187. This could have had something to do with Citi, one of the world’s premier multinational investment banking corporations, suggesting that it is time to start buying European banks. They cited improvement in the credit cycle and loan growth, alongside cheap relative valuations, as being the chief reasons for recommending the buy. These banks are trading cheaper than their US peers, another factor that led Citi to make the suggestion. We will continue to follow this story as it develops, so let us turn to the US dollar now. In the same timeframe, the USD rose from €0.8932 to €0.8942. This happened because there are growing expectations that the US interest rates will rise before the end of 2016, lifting bank shares as well, but reducing the value of gold, which was one of this year’s premier assets to invest in. Be sure to join us again next week to see how this story develops.

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Author: Max Rothstein

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