EUR/USD at Crossroads

5 September, 2013

Yesterday world financial markets finished with a slight rise in indices. Investors’ sentiments were influenced by the data for the Eurozone as well as by the information that the U.S. Senate Foreign Relations Committee had voted for the military action against Syria. According to the Eurostat data, in the second quarter of 2013 the GDP of 17 eurozone countries increased by 0.3 percent in comparison with the last quarter. At the same time, it’s worth noting that the GDP shrank by 0.5 percent compared to the second quarter of 2012.

In Europe the British FTSE 100 grew 0.10 percent up to 6,474.74 points, the German DAX 30 advanced 0.19 percent up to 8,195.92 points, and the French CAC 40 gained 0.16 percent going up to 3,980.42 points.

In Russia the MICEX index grew 0.13 percent up to 1,375.66 points while the RTS index advanced 0.42 percent up to 1,298.53 points.

In the USA the Dow Jones gained 0.65 percent reaching 14,930.87 points, the S&P 500 grew 0.81 percent up to 1,653.08 points, with the Nasdaq Composite going up by 1.01 percent to 3,649.04 points.

The global oil market saw the price of October futures for the North Sea petroleum mix of mark Brent Crude Oil drop by $0.77, down to $114.91 a barrel. The price of October futures for light WTI oil fell by $1.31, down to $107.23 a barrel.

On the world’s Forex market, EUR/USD is gripped between the medium-term MA and the long-term MA. Technically, it’s easier for the pair to go up now. However, it all depends on the macroeconomic situation.

Anna Gorenkova, NordFX Analyst

 


Source link  
Investing in Gold: Endurance Test

Nathan Rothschild from the famous banking dynasty once said that gold was not understood. Attempts to sum up the opinions of the most respected representatives of the financial community only prove Rothschild right - all discussions about gold turn into a real battle...

How to Survive Global Financial Apocalypse

Can the latest events in the world be viewed as precursors of an economic collapse on a global scale? Currencies soar and crash, there’re bearish forecasts for the markets of almost all large countries, falling oil prices and plunging shares of major companies. Many respectable analysts believe that this is just the beginning and the worst of it will be staggering...

Euro Reached Its Target Level

Last Friday European markets closed in the red whereas Russian and US markets posted a rise...


FTSE 100 grew 0.23 percent to 6,949.63 points

Yesterday the world’s financial markets closed mainly on the decline. In Europe, the FTSE 100 grew 0.23 percent to 6,949.63 points, the DAX dropped 1.05 percent down to 11,351.46 points, and the CAC 40 fell 0.26 percent to 4,961.86 points...

EUR/USD Is Correcting

Yesterday world financial markets posted mixed results again. In Europe, the FTSE 100 fell 0.67 percent to 6,886.95 points...

Russian Equity Gains Due to Oil Price Rise Over Holidays

Yesterday world financial markets closed mixed. European indices posted a drop – Britain’s FTSE 100 fell 0.84 percent to 6,927.58 points...


Euro Started to Go Up

Yesterday world financial markets closed predominantly with a drop. As such in Europe, the British FTSE 100 fell 1.2...

Euro Continues to Fall

Last Friday the world’s financial markets closed with a drop for the most part. Some European...

EUR/USD on the Decline

Yesterday world financial markets posted mixed results again. In Europe as such...

  


Share: