Daily News | German Prime Minister in the spotlight

We are in the middle of this week in global binary options trading and there are plenty of new and exciting trades to be made, with our help, of course! This Tuesday on the currency market, we start with the euro. From Friday to Monday, the currency rose from $1.1189 to $1.1230. The currency thus hit a six-month high against the dollar, with German Prime Minister Angela Merkel remarking that the currency was getting “too weak”. She blamed the European Central Bank for this misstep, announcing that German goods were comparatively weaker. Political tension with the United States after Trump’s departure from a trip to the Middle East chilled relations on that front as well. Speaking of the US, let us look at the dollar. In the same period as the euro, the USD fell from €0.8936 to €0.8903. There has been a growing unease among shareholders of the Ford Motor Co., leading it to name James Hackett as its CEO. Overall, its sales are slipping behind main rival General Motors, with Tesla Inc dominating the electric car industry. This has mounted pressure on all three big automakers operating out of Detroit that they can avoid any losses. We will keep you updated on these stories, so be sure to follow us in the days to come!

Daily News | Test a broker for free

Since the currency market is in a constant state of change, you will need an anchor to keep you grounded and well informed. We took a look at the broker BCM in our Binary Capital Markets Demo Account article, where we see how you can improve your skills with their help in a safe environment. It offers all the features that are necessary to operate well on their regular trading platform, which ensures you will be well prepared after having spent time trading virtual currency. For more information, be sure to check out our full article!

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Author: Max Rothstein

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