Euro Started to Go Up

April 30, 2015

Yesterday world financial markets closed predominantly with a drop. As such in Europe, the British FTSE 100 fell 1.2 percent to 6,946.28 points, the German DAX slumped 3.21 percent down to 11,432.72 points, and the French CAC 40 declined by 2.59 percent getting to 5,039.39 points.

On the Russian stock market, the MICEX index fell 0.41 percent to 1,670.99 points while the RTS index grew 0.2 percent finishing the day at 1,031.78 points.

US equity also closed in the red zone – the Dow Jones shed 0.41 percent down to 18,035.53 points, the S&P 500 fell 0.37 percent to 2,106.85 points, and the NASDAQ dropped 0.63 percent down to 5,023.64 points.

The NYMEX price of WTI oil futures rose by $1.52 and made $58.58 a barrel. On London’s ICE, the cost of Brent oil futures went up by $1.20 and ended up at $65.84 a barrel.  

On the Forex market, EUR/USD has finally completed the Double Bottom pattern on the daily chart. Now the pair can move to 1.1410. However, as is the case usually, the pair may first return to the breakthrough point around 1.0970.

Anna Gorenkova, NordFX Analyst

 

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