We are at the start of yet another week in global binary options trading! Once again, you could easily net lucrative returns, if you know how and when to trade. We have all the most important news regarding the currency market, starting with the Japanese yen. From Thursday to Friday, the currency rose from $0.00882 to $0.00883. This came as no surprise as the country’s economy grew for a fourth quarter in the final three months of last year. A still weaker yen supported exports, but private consumption was tepid and US protectionism is casting doubts over a sustainable recovery. It grew an annualized 1.0% in the fourth quarter (October-December), roughly in line with what markets had expected. Now, let us turn to the US dollar. In the same timeframe, the USD rose from €0.9384 to €0.9389. The currency seems to have hit a two-week high against the yen, however, as investors focused on the US reflation trade. This dominated the aftermath of Trump’s election in November, but did not continue as strongly this year. There could be new interest rate hikes in store for us in the future, if we look at the fact that all signs point to the Federal Reserve doing exactly that. Remember to follow us every day for more news!
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