Daily News | Oil production soars in the States

We are in the middle of this week in global binary options trading, with much of the binary options trading market ramping up to reach its zeniths this Wednesday. There are plenty of great news items to choose from, but we decided to focus on the Japanese yen. From Monday to Tuesday, the yen fell from $0.00899 to $0.00896. Japanese stocks were mostly flat throughout Tuesday morning, in large part due to the skittishness experienced by markets in general following an explosion in Manchester City, England, which further depressed some export-oriented shares. Shares of the Nikkei fell 0.1% in midmorning trading. The Nissan Motor Co. also dropped 1.4%, with Subaru and Advantest not being far behind. We will continue to monitor Japanese shares, but let us now turn to the US dollar. In the same timeframe, the USD rose from €0.8901 to €0.8929. Trump’s decision to sell half of the US strategic oil reserve is really showing a decline in oil reliance of one of the biggest importers of the world, with domestic oil production soaring, as it tries to move away from being so dependent on oil production from the countries of OPEC. We will continue to monitor this new policy in the days to come, so be sure to stick with us!

Daily News | Trade on a top platform

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Author: Max Rothstein

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