Daily News | Tremendous rise of Wall Street

It’s already Thursday and the week is slowly drawing to a close, so you better be prepared as much as you can possibly be. For that, you need to get the best info on the currency market. That is where we will help out, by listing the most important stories of the day! Once again, Japanese yen is at the center of our attention. From Tuesday to Wednesday, the currency fell from $0.00917 to $0.00906. The Nikkei share average yesterday managed to recover all the losses of the previous day, which was further helped by a rise on Wall Street and a weaker yen, with worries over North Korea launching a missile over Japan subsiding. Overall, the Nikkei ended up climbing 0.7% to 19,506.54. Speaking of Wall Street, let us look at the US dollar. In the same timeframe, the currency rose from €0.8316 to €0.8403. Data showed that economic growth in the United States was larger than expected, which spurred growth in late morning trading on Wednesday, but these gains were limited by escalating tensions between the States and North Korea. The GDP increased at a 3% annual rate from April to June, its quickest in more than two years. We will continue to look into this tomorrow, so be sure to check it out!

Daily News | Test things out for free

To make the most of the short couple of days we have on the currency market still left this week, be sure to check out ZoomTrader. In our ZoomTrader Demo Account article, we talk about this wonderful feature that will surely help you hone your skills and make you a better trader. The basic premise behind this is to give you insight into the main features of their trading platform. It is important to note that you will be required to sign up, and you can freely try out its functionality. For more, be sure to check out the full article.


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Author: Max Rothstein

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