What has been weighing on the minds of binary options traders?
Traders who purchased the NADEX binary options contract for the EUR/USD>1.1340 expiring at 11pm last night won their bet. The contract closed at 1.13761.
The idea that the European Central Bank will cut its interbank rates tomorrow likely influenced traders’ outlook on the trajectory of the EUR/USD. Rate cuts are expected based on rates of inflation in the eurozone falling below the ECB’s two-percent target.
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Reporting by Reuters identified and summarized the following factors impacting inflation in the eurozone.:
(i) Benign services costs;
(ii) Decreases in energy prices;
(iii) Sharp declines in services inflation;
(iv) Muted growth in wages;
(v) Lukewarm economic growth.
Worries about the U.S. federal debt and the US federal budget deficit are also weighing on the minds of traders.
Glance at FX rates in the Global South, 6:30 am EDT
USD/GHS: 10.2198
USD/NGN: 1,580.93
USD/XCD: 2.70
USD/BRL: 5.6612
USD/XOF: 575.429
Source: OANDA
Glance at FX rates in the Anglo-sphere, 6:30 am EDT
EUR/USD: 1.13977
GBP/USD: 1.35196
USD/JPY: 143.383
USD/CAD: 1.37249
USD/CHF: 0.82087
Source: OANDA
Alton Drew
4 June 2025
DISCLAIMER: I am not a financial adviser. These blog posts are for educational purposes only. Trading of any kind involves risk. Your trading decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary.
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