EUR/USD at Crossroads

September 5, 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


Publication source
NordFX information  NordFX reviews

October 24, 2016
Gold prices edged lower
Gold prices traded mixed on Friday. The yellow metal traded lower the half of the day and higher the other half. Sellers moved the price to the level 1260 dollar per ounce which appeared a solid barrier for it. The pair bounced from the level and reversed some of its losses...
October 24, 2016
Earnings and Macro data to drive financial markets the week ahead
A pretty robust U.S. corporate announcements last week indicated that there’s a high chance for corporate America to get out of a profit recession which lasted for five consecutive quarters...
October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...

OANDA Rating
FXTM Rating
Tickmill Rating
FIBO Group Rating
Orbex Rating
Fort Financial Services Rating

Porter Finance Rating
TopOption Rating
Empire Option Rating
OptionsXO Rating
Binary Brokerz Rating
TropicalTrade Rating