EUR/USD in Wait for New Signals

September 3, 2014

Yesterday world stock markets closed in a mixed way. In Europe, the British FTSE 100 grew 0.06 percent up to 6,829.17 points, the German DAX advanced 0.30 percent up to 9,507.02 points whereas the French CAC 40 fell 0.03 percent down to 4,378.33 points.

The Russian MICEX index grew 0.57 percent up to 1,400.35 points while the RTS index gained 0.02 percent making 1,177.93 points.

In the USA, the Dow Jones fell 0.18 percent down to 17,067.56 points, the S&P 500 shed 0.05 percent down to 2,002.28 points but the NASDAQ added 0.39 percent reaching 4,598.19 points.

On the NYMEX, the price of October WTI oil futures went down by $3.08 and made $92.88 a barrel. On London’s ICE, the price of October futures for Brent oil dropped by $2.45, down to $110.34 a barrel.

On the Forex market, EUR/USD is at 1.3115. There are no signals indicating its further movement. Now the pair needs an impetus to go down while there’re no conditions for a rise. However, the gap from August 25th hasn’t been closed yet.

Anna Gorenkova, NordFX Analyst

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