During today’s early trading session, Asian markets traded higher following gains in financial stocks, furthermore, Sony profited off the back of a concrete business plan. Following the FOMC Meeting Minutes and a number of positive reports from Japan, the Yen strengthened against the Dollar. Fed officials stated that there will be a short delay in raising interest rates this year, furthermore, Japanese data showed that Trade balance and exports came out better than expected. The yen is currently trading lower against the Dollar as the price rebounded after the BoJ monthly report which indicated mild concerns over the future outlook of the economy.

During the European session, the Euro is trading lower against the Dollar after yesterday’s gains following the FOMC meeting minutes. The Euro weakened today after negative reports from France added to current concerns regarding the European economy. The French CPI, monthly and yearly HICP all showed lower than expected figures. Currency traders now await a number of economic events to be released tomorrow, including, the German Manufacturing PMI and PPI, the European Market Composite PMI and Service PMI and the British Retail sales for the month of January.

During today’s early U.S. session, American stocks traded lower as concerns over Greece continued to dominate the markets. The current €240 billion debt bailout is due to expire on February 28th, if an extension is not reached by that date, it could cause the nations exit from the European Union. 

Ask us about our FREE signals program: 

Other top stories:

All Your Brokers and Signals in 1 Place - Binary Trade Center

Countless Already Joined and Made a Profit - What About You?

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook/Twitter: