Daily News | German domestic demand skyrockets

We are at the end of this week in global binary options trading, but that should not stop you from making the wisest possible trades out there! Join us as we look at some of the best opportunities out there, starting with the euro. From Wednesday to Thursday, the currency rose from $1.1861 to $1.1881. Industrial orders in Germany were actually double the amount that was expected in June, with a surge in domestic demand helping to combat weaker foreign needs. Factories announced a 1% increase in contracts in that month, while it has been reported that orders from other Eurozone members declined by 2.4%. It is important to note that foreign demand is outpacing German domestic demand any way you slice it, in spite of the latest info, so be sure to be on the lookout for that. In any event, we move on to the US dollar. In the same timeframe, the USD fell from €0.8430 to €0.8416. The US economy maintained a healthy pace when it came to hiring new employees in July, while also raising the wages of their workers, which is another sign of the tightness of the labor market, which could spur the Federal Reserve to shrink its huge bond portfolio. We will keep you in the loop next week as well, so be sure to stick with us then!

Daily News | Want more for your money?

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Author: Max Rothstein

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