Now Is The Time To Watch The USD

USD currency pairs are some of the most commonly traded currency pairs among binary options, and for good reason. At the end of the day, the United States economy is the world’s strongest, and the USD is the world’s reserve currency. As a result, high demand for the currency leads to incredible volatility and many opportunities. Nonetheless, if you’re not already watching the currency, you may want to start. At the moment, there are two big stories that could cause drastic movement, leading to opportunities for binary options traders. Below, we’ll talk about both of those stories and what binary options traders should be watching ahead.

The First Story That Could Lead To Big Movement In The USD

The first story that could lead to incredible volatility in the USD is Donald Trump’s win as the President-elect of the United States. At the end of the day, any time a new President transitions into office, changes will be made. Ultimately, these changes have a profound affect on the United States economy. Since the values of currencies are largely dictated by the strength of the economies they represent, this could mean big movement in the USD ahead.

I will say, since Donald Trump’s election, things have gotten more and more interesting. His win sent US markets on a Trump-fueled rally. Not to mention, he is changing the game when it comes to appointing people to key offices. At the moment, many of the people he’s contacting for the positions in the Treasury, Department of Education, and more, are multi-millionaire or even billionaire business owners. As a result, many people have an expectation that Trump’s presidency will help to fuel economic growth in the United States.

Federal Reserve Interest Rate

Another story that has the potential to cause real movement in the USD is the Federal Reserve’s interest rate plans. Ultimately, the Federal Reserve’s interest rate plays a major role in the value of the USD. When interest rises or falls, demand follows suit. So, if the Fed increases its interest rate, chances are that the USD will head up in value. Adversely, if they keep it the same, we could see the exact opposite.