Daily News | Japanese factories in trouble?

As the end of this global binary options trading week is nearing, we have some great news in store for you today! As always, the data came from across the world, and we use that data to create these easy-to-understand reports for all kinds of traders. This time, we will start things off with the Japanese yen. The currency fell slightly, from $0.0097 to $0.0096 from Tuesday to Wednesday. This comes on the heels of torpid demand for factories in Japan. Although global policymakers strive to restore momentum, we have yet to see any effect of their efforts on the global economy. Furthermore, export orders continued to fall, even though the output of the factories increased for the first time in six months, which means the Bank of Japan is going to have to offer more of a stimulus. Moving on to the US dollar, it rose slightly in the same period, from €0.8967 to €0.8971. This small increase could have come due to the added 180,000 jobs in August, according to median estimates. However, the gains might be short-lived, at least according to the Institute for Supply Management-Chicago, whose business barometer dropped 4.3 points to 51.5 in August, falling short of expectations. For further news, be sure to follow our daily news!

Daily News | Which partner to choose?

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Author: Max Rothstein

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