Daily News | Fed changes its forecast

It is only the second day of global binary options trading this week, but boy, do we have some interesting news items for you. Join us as we analyze them to see just how they will influence the currency market. We start with the situation in Europe and the euro. The currency rose from $1.1157 to $1.1178, from Friday to Monday. This comes as the central bank governor of France warned presidential candidates that it would be essential they follow the current government’s plans regarding the public deficit. This would help the country stay in line with EU limits from next year. They are aiming to have the deficit be at 2.7% of the GDP next year, which would be the first time in decades that it was below the EU’s target of less than 3%. Now, let us look at the US dollar. The currency fell from €0.8962 to €0.8945 in the same timeframe. Fed policymakers have once again cut their forecasts for how high interest rates need to be. This is the fourth time in 15 months that Fed has had to adjust their overly optimistic forecasts and this shows, when we look at the downturn in the currency, so be careful handling the USD this Tuesday.

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Author: Max Rothstein

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