Business growth in the euro zone slowed much faster than expected this month, a Purchasing Managers Index survey showed. The disappointing readings, hastened by a U.S.-led trade war, will be of concern to the European Central Bank which is expected to end its 2.6 billion euro asset purchase programme next month before raising interest rates next year. After German private-sector growth slowed to its lowest level in nearly four years, the euro dropped into negative territory, hitting a five-day low of $1.3430. The euro also dropped 0.34 percent to 1.1303 francs. 'Doubts are creeping in about the euro zone economy. If the data doesn't pick up early next year this could turn into a long-term pattern 1/8for the euro 3/8,' said Thu Lan Nguyen, a Frankfurt-based strategist at Commerzbank, also pointing to a dispute over Italys spending plans. 'If the 1/8euro zone 3/8 economy cools significantly. ![]() Current exchange rate EURO (EUR) to US DOLLAR (USD) including currency converter, buying & selling rate and historical conversion chart. The euro slumped half a percent on Friday on signs that economic growth could be slowing across the euro zone with worries about Brexit and Italy's budget negotiations also weighing on the single. The Euro is the 2nd most popular reserve currency in the world, behind only the US Dollar; and it is also the 2nd most commonly traded currency in the world. The European Central Bank might be forced to stick to an expansionary monetary policy,' she said. Weakness in the euro supported the, which rose 0.24 percent against a basket of currencies to trade at 96.95. Pyramid forex. The dollar has lost ground for two consecutive trading sessions and is drifting lower from a 16-month high of 97.69 hit earlier this month. Dollar sceptics are concerned about the pace of future interest rate increases by the U.S. Federal Reserve. In this article I'll be talking about basic binary options strategy. My experience has proven, on multiple occasions, that if you follow certain guidelines you’ll be able to generate income in financial trading (however, you have to understand that in binary options - or any kind of trading that exists - nothing is 'guaranteed'). Binary options winning 8 of 10. Using the tips and strategies I have provided, you’ll be able to increase your winning ratio to a level on which you may able to generate profits over the long term. Euro Forex ChartBoth the euro and sterling rose on Thursday after Britain and the European Commission agreed on a draft text outlining how their trading relationship will work once Britain has left the European Union. But EU leaders still have to ratify the agreement at a summit on Sunday and Prime Minister Theresa May would then have to get a Brexit deal through a deeply divided British parliament. At 11:43 a.m. EST the traded down 0.57 percent at $1.28, after gaining 0.8 percent on Thursday. The weakened 0.74 percent against the dollar as an overnight drop in oil prices weighed. The was at 112.84 per dollar. The Japanese currency has traded in an extremely narrow range with a soft bias in recent trading sessions. Euro Forex ChartThe, often considered a gauge for global risk appetite, weakened 0.39 percent to trade at $0.7226. Analysts expect the Aussie to remain subdued ahead of a meeting between U.S. And Chinese leaders at a G20 meeting in Argentina at the end of the month, with markets watching for any sign of whether they may agree to de-escalate their trade war. What is a Lot Size in Forex? In Forex trading, a standard Lot refers to a standard size of a specific financial instrument. It is one of the prerequisites to get familiar with for Forex starters. Standard Lots. This is the standard size of one Lot which is 100,000 units. In the past, spot forex was only traded in specific amounts called lots, or basically the number of currency units you will buy or sell. The standard size for a lot is 100,000 units of currency, and now, there are also a mini, micro, and nano lot sizes that are 10,000, 1,000, and 100 units respectively. No down payment lot loan. A lot references the smallest available trade size that you can place when trading the Forex market. Typically, brokers will refer to lots by increments of 1000 or a micro lot. Typically, brokers will refer to lots by increments of 1000 or a micro lot. I have traded forex for more than 10 years and Dave Robot is the best robot I've ever met. He is simple and easy to use. I do not have to pay attention to a lot of news every day, analyze a lot of economic data, judge the trend, judge the direction. Dave Root makes money for me every day and making forex trading is really simple! Why Forex Lots are Important. The value of the forex lot applied to a trade will have a bearing on the risk profile for the account. The risk to an account is a function of the account size, stop loss, currency traded, risk percentage applied and the Lot size.
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