Daily News | European stocks open low

We at the end of another global binary options trading week today, with plenty of action across the globe. However, fear not, because we will show you the most important news items of the day and how they could influence the currency market this Friday. To get things started, we will note that the euro rose from $1.1253 to $1.1293 from Wednesday to Thursday. But European stocks opened lower yesterday, as mining stocks lead the losers for a second day in a row. The pan-European STOXX 600 index was down as well, after a one-week high. We urge caution for any buyers out there, hoping to make a profit, as these market indicators could be signifying an upcoming slump. As for the US dollar, it fell in the same period, from €0.8886 to €0.8854. Although the Federal Reserve has yet to lay out their plan for the direction of monetary policy, they had a clear message for politicians: the US needs more public spending, in order to have positive returns. This statement comes due to the fact that business investment has fallen significantly, with little suggesting any sort of rebound in the future. These disappointing numbers could continue to cause problems for the USD, so keep an eye out for that.

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Author: Max Rothstein

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