Please note: As required by the European Securities and Markets Authority (ESMA), binary and digital options trading is only available to clients qualified as professional clients.
The euro (EUR) continues in its trajectory of descent on the foreign exchange markets, coming to be traded at 1,531 against the dollar
WE RECOMMEND THE VIDEO: IQ Copy Trading Platform 2020 | Fully Automated trading Robot for I Q Option | Binary|Digital|Crypto
Get Free Trial from here : Join Telegram : Email : support@iqcopytrading.com What is IQ Copy Trading?
. The sales of the single currency were triggered by data released by the IFO, an important German statistical research institute in Munich, which revised downward estimates of the growth of the first European economy.
The cut was substantial: 0.8% for the current year and 0.3% for the next one The estimate now, therefore, is for growth below 2% for this year (1.8% for accuracy) and for the next.
The US dollar (USD), on the other hand, it is generally up against all other world currencies, especially those in emerging countries. And the Trump administration is again responsible for much of these gains, as the President has just announced that he will put new duties on some 200 billion Chinese products imported into the United States each year. China has already made it known that it will respond in the same way. The worsening of these trade wars, as explained several times, is favorable for the greenback as it should push inflation upwards in the United States.
The Swedish krona (SEK), finally, is heavily sold and gets to lose almost 1.5% in one day against the euro and the dollar. The reason is political: it seems, in fact, that one of the main parties of the Scandinavian country is ready to call a referendum on the permanence in the European Union. The next general elections will be held next September, but it seems that this proposal is already pushing the Swedish Democrats (this is the name of the far right party above) to new heights of consensus.
The specific polls on the referendum, however, they are still largely in favor of a permanence, with about 53% percentages favorable to remain in the European Union and 28% favorable to follow in the footsteps of Great Britain. In any case, however, the market shows some small apprehension, also because of the fact that the crown has been much appreciated this year.
GAvviso General Risk
The financial services provided by this website carry a high level of risk and can lead to the loss of all your funds. You should never invest money that you can not afford to lose
Source: IQOption blog 2018-06-19 15:43:32
* This is redirection to the official website where you can sign up to IQ Option broker
Wednesday, October 14, 2020