Daily News | Oil prices soar

We are at the start of another exciting week of global binary options trading and we have a ton of news to get through, which will surely help you out when the time comes to make some good trades. This Monday, let us talk about the Japanese yen first. This currency fell slightly from Thursday to Friday, from $0.00977 to $0.00976, most likely influenced by the reforms expected from the Bank of Japan this Wednesday. Sources within this organization have stated that the BoJ is considering making negative interest rates the most important point in its strategy of easing economic difficulties, doing this by shifting its main policy goal away from base money. Now, let us take a quick look at the US dollar. This currency rose in the same timeframe, from €0.8890 to €0.8962. An important global economic factor for this is the rise of oil prices, by almost 2%. This could be attributed to the clashes in Libya, which have stopped the loading of the first oil cargo in nearly two years. The States are combating the oil prices problem by adding oil rigs for the past three months, bringing the total up to 416, which is the most since February. If you want to see how this story develops, check our website daily!

Daily News | Which partner to choose?

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Author: Max Rothstein

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