Daily News | New decision from the Fed

We are nearing the end of the global binary options trading week, but fear not, as we have all the data you need to make your time on the currency market even more worthwhile! Join us as we look at the most important news items of the day, starting with the Japanese yen. From Tuesday to Wednesday, the currency rose from $0.00867 to $0.00869. This comes as we received news that Japan is about to come up with its third supplementary budget. It will be worth $1.7 billion and apply to this fiscal year all the way up to March. This move happened to help with disaster reconstruction, as well as military spending to cope with the rising North Korean threat. Another crucial aspect of this budget is that it covers tax grants and transfers to local governments. We will continue to monitor this story, but let us look at the US dollar. In the same timeframe, the USD fell from €0.9400 to €0.9383. As expected, the Federal Reserve made the decision to raise interest rates on Wednesday. They are also signaling faster pace increases in 2017. This decision came as the central bankers strive to adapt to the new administration’s promises of tax cuts, spending and deregulation. We will continue to monitor this story as it unfolds, so be sure to keep following us!

Daily News | Great deals await you!

To really make your time on the currency market more profitable, we suggest you look at Boss Capital. In our Boss Capital Demo Account article, we look at one of the many features they offer you to hone your skills! There are, of course many other account types offered by this broker, but this is the only one which does not require real money for trading. This will allow you to test the many features they have to offer, without having to worry about risky deals. For more on what they have to offer, go check out the full article!


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Author: Max Rothstein

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