Daily News | US housing market on the rise

We are in the middle of the global binary options trading week, with plenty of chances to make a pretty penny out there! We have compiled a list of the more important ones, so that you do not have to! This Wednesday starts off with news about the euro. From Monday to Tuesday, the currency rose from $1.0597 to $1.0616. This could have been spurred by reports that Eurozone business has grown at the fastest rate this year in November. This was due to strong activity at manufacturers and a spike in new orders, although firms did keep prices steady. This data left experts hopeful that this more solid cyclical upturn would continue. This is a special boon for the European Central Bank, as its massive stimulus program gets underway next month. Now, let us take a closer look at the US dollar. In the same period, the USD fell from €0.9435 to €0.9419. This goes against the rise of the US housing market, since home resales peaked in October, reaching the highest levels in 9-1/2 years. This was just another sign of a pickup in economic growth in this early fourth quarter. Although there was a surge mortgage rates that could hurt the US housing market, the impact should be modest, as the labor market is close to full employment. We will continue to monitor these situations, so stick with us!

Daily News | Want to make it big on the market?

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