EUR/USD is holding near 1.18 for now

January 14, 2015

Yesterday world financial markets closed mixed. In Europe, the British FTSE 100 grew 0.63 percent up to 6,542.20 points, the German DAX advanced 1.63 percent up to 9,941 points, and the French CAC 40 gained 1.47 percent making 4,290.28 points.

On the Russian equity market, the MICEX index grew 1.31 percent up to 1,533.09 points whereas the RTS index fell 2.48 percent down to 737.88 points.

In the USA, as corporate reports started to be released, the Dow Jones Industrial Average shed 0.15 percent closing at 17,613.68 points, the Standard & Poor's 500 dropped 0.26 percent down to 2,023.03 points, and the NASDAQ Composite fell 0.07 percent down to 4,661.50 points.

Yesterday US budget surplus data for December 2014 were also published. The budget deficit for the whole of 2014 turned out to be smallest since 2007.

The NYMEX price of WTI oil futures for February went down by $0.18 and reached $45.89 a barrel. The ICE price of February futures for oil of mark Brent dropped by $0.84 and got down to $46.59 a barrel.

On the Forex market, EUR/USD is holding near 1.18 for now. At this point, it’s early to speak about peak formation as the pair may start going down any moment.  

Anna Gorenkova, NordFX Analyst

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