Daily News | European steel production in danger?

We are just beginning this week in global binary options trading and already we are full of interesting information. Keeping track of things will surely help you on your way to becoming a seasoned veteran of the currency market. This Tuesday, there was plenty of data to choose from, but we decided on focusing on the euro. From Friday to Monday, the currency rose from $1.1395 to $1.1406. Eurofer, the European steel association, said that it would raise its forecast on the demand of steel, but warned that US protectionist stances might hamper trading. This rise was forecasted at 1.9% this year to 159 million tons. It did warn that regional mills might lose out going in, as imports might disrupt their growth. We will continue to look into European steel situation in the future, but let’s now take a look across the Pond. The USD fell from $0.8775 to $0.8766. Spending is about to increase in the States, as market data is showing that consumers are about to boost that statistic in the months to come. Almost 35% of households polled stated that they were better off not than a year ago. We will just have to wait and see whether this holds true, so stick with us for the latest news!

Daily News | Withdraw quickly and safely

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Author: Max Rothstein

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