EUR/USD is going up. The rise may not be significant

August 28, 2014

European stock markets finished Wednesday’s trading with the following rates: Britain’s FTSE 100 grew 0.12 percent up to 6,830.66 points, Germany’s DAX fell 0.19 percent down to 9,569.71 points while France’s CAC 40 gained 0.04 percent going up to 4,395.26 points.

On the Russian floor, the MICEX index advanced 0.32 percent up to 1,447.91 points, and the RTS index grew 0.10 percent up to 1,260.72 points.

Trading in the USA resulted in the Dow Jones gaining 0.09 percent up to 17,122.01 points, the S&P 500 growing 0.01 percent up to 2,000.12 points but the NASDAQ shedding 0.02 percent down to 4,569.62 points.

On London’s ICE, October futures for Brent oil went down by $0.11 making $102.61 a barrel. On the New York Mercantile Exchange, the price of the October WTI oil future rose by $0.02 stopping at $93.88 a barrel.

On the Forex market, EUR/USD is going up. The rise may not be significant, though – just enough to close the gap.

Anna Gorenkova, NordFX Analyst

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