EUR/USD opened with a huge upward gap

September 16, 2013

Last Friday world financial markets closed mixed. In particular, in Europe the British FTSE 100 fell 0.08 percent down to 6,583.80 points, the German DAX advanced 0.18 percent up to 8,509.42 points, and the French CAC 40 grew 0.19 percent up to 4,114.50 points.

In Russia the MICEX index dropped 0.65 percent down to 1,440.74 points while the RTS index fell 0.35 percent down to 1,396.57 points.

In the USA the Dow Jones grew 0.45 percent up to 15,369.60 points, the NASDAQ advanced 0.18 percent up to 3,722.51 points, and the S&P gained 0.21 percent reaching 1,686.94 points.

Oil prices are going up slightly at this point. In anticipation of the results of the talks on Syria, investors are not in a hurry to take decisive steps. The price of October futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.15, up to $112.78 a barrel. The price of October futures for light WTI oil lowered by $0.39, down to $108.21 a barrel.

Today EUR/USD opened with a huge upward gap. The pair’s advancement has been slowed down by the resistance level 1.3380 so far. In the upcoming days, the pair should cover the gap, i.e. go down to 1.3302.

Anna Gorenkova, NordFX Analyst

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