Daily News | European stocks develop

The global binary options trading week is nearing its end, but that should not stop you from making the best and smartest trades on the market! We will endeavor to provide you with the most important news items of the day, starting with the euro. This currency fell in value from Tuesday to Wednesday, from $1.1226 to $1.117. Help might be coming for the Eurozone, as European stocks rose slightly on Wednesday. However, concerns are still being raised over bad debts and weak capital positions across the banking sector of the continent, so we should remain vigilant and keep a close eye on the developments in Europe. Can European stocks improve the situation?
Now, let us look at the US economy and dollar. The USD rose from €0.8907 to €0.895, a reprieve from its previous, negative trend. The currency recovered after a six-week low hit the previous session, spurred by the US private sector adding over 179,000 jobs in July. Since the payrolls processor ADP is suggesting that this trend might continue onwards, not to mention that the dollar rebounded from three-week lows versus the yen, we have also surmised that the USD will see a positive continuation of this upturn. We will monitor USD closely in the upcoming period and we suggest you do the same.

Daily News | Want to make a profit?

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Author: Max Rothstein

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