Daily News | Hedge funds rock the boat

We are about to start another exciting week in global binary options trading! There are, of course, plenty of things happening on the currency market this Monday, which can leave you unsure as what to do. Luckily, we have analyzed these news items and found the most lucrative ones! We start with the euro. This currency, from Thursday to Friday, rose from $1.0632 to $1.0669. This occurred just as European shares were expected to open lower on Monday because Italian Prime Minister Matteo Renzi resigned from the office. The resignation came after he experienced an utter defeat in a constitutional referendum. This is why futures were down on the Euro STOXX 50 STXEc1,  DAX FDXc1 in Germany, CAC FCEc1 in France and UK’s FTSE FFIc1 by 0.8% to 1.3%. We will continue to monitor this situation, but let us now turn to the US dollar. In the same timeframe, the USD fell from €0.9405 to €0.9372. This occurred as some hedge funds got a boost in November after the victory of Donald Trump in the US presidential elections. However, it seems were behind the market’s gains, according to some early returns. Keep in mind, though, that the majority of hedge funds are still analyzing their monthly data, so we will have to wait and see for more details on this in the future.

Daily News | Looking for superb partners on the market?

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Author: Max Rothstein

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