Daily News | US household income peaks

It is the middle of the global binary options trading week and we have plenty of news items that should spark your interest if you are planning on making some lucrative trades on the currency market. We start again with the Japanese yen. This currency fell slightly from Monday to Tuesday, from $0.0098 to $0.00979. This was in part due to the fact that Nikkei business daily reported that the Bank of Japan planned to make a controversial negative interest rate policy its central tactic for easing the monetary situation. The dollar/yen did remain firm, however, capping the currency just below 103 yen.
Speaking of the USD, the currency fell in the same period, from €0.8904 to €0.8895. This occurred despite the positive reports coming in about US household income, which posted a record increase, suggesting a recovery from the Great Recession. The median household income increased by 5.2% last year to about $56,500, the highest since 2007. President Obama was, of course, quick to hail these reports as proof that his administration’s economic policies were working. Chris Christopher, the head of consumer economics for HIS Global Insight, has gone on record to say that he expects these incomes to continue to increase through the following year. You should definitely follow this development carefully, as it could influence your profits significantly.

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Author: Max Rothstein

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