EUR/USD is at 1.3820 so far. A correction may start at this level

October 28, 2013

Last Friday world financial markets closed mixed. In Europe, Britain’s FTSE 100 grew 0.12 percent up to 6,721.34 points, Germany’s DAX 30 gained 0.06 percent up to 8,985.74 points while France’s CAC 40 fell 0.08 percent down to 4,272.31 points.

In Russia, the MICEX index advanced 0.13 percent up to 1,504.48 points whereas the RTS index shed 0.11 percent down to 1,492.20 points.

In the United States, the Dow Jones grew 0.39 percent up to 15,570.28 points, the S&P was up by 0.44 percent reaching 1,759.77 points, and the NASDAQ advanced 0.37 percent up to 3,943.36 points.

On the global commodity market, the price of December futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.06, down to $106.93 a barrel. The price of December futures for light WTI oil rose by $0.74, up to $97.85 a barrel.

On the Forex market, EUR/USD is at 1.3820 so far. A correction may start at this level.

Anna Gorenkova, NordFX Analyst

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