Daily News | Full employment problems?

Welcome once again, prospective traders! Once again, we are ready to start another week of global binary options trading, with plenty of activity in political and economic spheres, which could influence your performance on the currency market. We start this Monday off with the Japanese yen. From Thursday to Friday, the currency hovered around the same number it had been at for over a week, around $0.0096. The Nikkei .N225 rose by 0.3%, although trade was choppy as Tokyo Electric Power faltered. Performance on the market for the yen will largely depend on the dollar-yen levels, at least until companies start releasing their mid-year results later in the week. With that in mind, let us take a look at the US dollar. In the same timeframe, the USD rose from €0.9056 to €0.9102. According to the Federal Reserve Bank of Boston President Eric Rosengren, with unemployment is expected to fall to 4.7% and inflation to beat the organization’s 2% target. Rosengren is hopeful that the worst-case scenario, that full employment could lead to a risk of recession, will not come to pass. He argues that the Fed could engineer a softer impact that could help the country reach full employment, but without the recession.  We will continue to monitor these rates in the future.

Daily News | What to expect from the market?

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Author: Max Rothstein

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