Daily News | Crude oil prices set negative trend in Europe

We are nearing the end of this week in global binary options trading, but there are still plenty of exciting developments happening across the globe. These will surely impact your standing on the currency market! Join us, as we look at some of the most important news items, starting with the euro. From Tuesday to Wednesday, the currency rose from $1.1193 to $1.1276. Basic resource stocks were weak among smaller crude oil prices, which sent European shares sliding for the second straight session on Thursday. The pan-European STOXX 600 benchmark fell 0.5%, which is its lowest point since April 24, while the German DAX fell 0.3%, just shy of its new record high on Wednesday. We will continue to monitor the crude oil situation in Europe, but let us now turn to the US dollar. In the same timeframe, the USD fell from €0.8933 to €0.8868. The US Federal Reserve increased rates yesterday and said that it would begin cutting its holdings of bonds and other securities within the year, which signaled confidence that the US economy was on the rise, as well as that the job market was strengthening. This is the second time in three months the rates went up. We will continue to follow this tomorrow as well, so stick with us until then!

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Author: Max Rothstein

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