The US Dollar is at a 4 year high against most currencies, which suggest that the US economy is very strong at the moment.

Asian shares are doing well, with the Nikkei rising 1.3%, as a result of the protests calming down lately.

European markets were expected to rise but it’s still unsure whether that will happen.

 

Trading Tip: The USD is doing very well lately, so keep an eye for any big news to affect it.

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Unemployment Down - Stocks Up

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A report on Friday showed that the unemployment rates in the US dropped, which means good news for everyone: more people with paychecks, more spending and higher corporate profits.

All major stock indexes rose sharply. The biggest rise was the Dow Jones industrial average, which closed 208 points higher. The rise started from the opening of the markets and affected nearly every kind of stock, small and large, and in almost every industry.

The good news pushed up the value of the dollar against other major currencies to the highest level in more than four years.

This however also affected the Gold, which fell as investors didn’t want to invest in traditional safe assets.

 

Trading Tip: Gold traders should be aware of the recent drop and take advantage of the situation.

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Asian Stock Doing Better

 

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Asian stocks steadied on Friday as Hong Kong shares rebounded from multi-month lows but they were still on track for a fourth straight week of losses amid worries about global growth.

The rebound in Asian stocks came even after the European Central Bank disappointed investors on Thursday by giving no hints of soon to be independent bond buying program.

German markets are closed for a holiday, but other European bourses looked set to rebound after Thursday's sharp drop.

 

Trading Tip: The Asian stock might be doing better today, keep watching them and try to trade in the direction you think they are going.

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The euro gained against the dollar on Thursday for the first time in eight days, after European Central Bank President Mario Draghi made his announcement.

"The central bank chief's remarks appeared designed to put fresh downward pressure on the euro's exchange rate." said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.

 

Trading TipThis means that it's a good time to trade in USD and Euro and profit from the recent changes.

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