Daily News | Toyota full of hot air

We are in the middle of the global binary options week, with plenty of data coming in. By analyzing it, we form our opinion on the best chances you will have to make a profit on the currency market this Wednesday. With that in mind, let us take a closer look at the Japanese yen. From Monday to Tuesday, the currency hovered at the same levels, somewhere around $0.0095. This could change as Toyota, one of the largest automobile manufacturing companies in the world, is recalling over 5.8 million cars due to faulty airbags. The company that made the airbags for Toyota, Takata, came under pressure from the US authorities, which eventually led them to declare millions of units defective. With so many cars being recalled, the stability of the Toyota Motor Group and, by extension, Japan’s economy, is being called into question. We will look into this story more, but let us take a look at the US dollar. In the same period, the USD rose from €0.9185 to €0.9192. The currency grew thanks t expectations surrounding the Fed, that they will raise rates by the end of the year. Investors should focus on growth data from the third-quarter. We also suggest that you take a closer look at the key jobs report next week and the ever-closer US Presidential elections.

Daily News | Add extra funds to your bank account

To really improve your chances on the currency market this Wednesday, we suggest you check out IQ Option. In our IQ Option Tutorial, we give you the rundown on all you need to know about the broker. The company is very attractive to new traders, as you can invest as little as $1 and the quality of service will remain the same, no matter the amount. In fact, this was one of the reasons it came on the top of our list of best brokers in 2015. To find out more about this company, be sure to check out our website.

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Author: Max Rothstein

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