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EUR/USD at a Standstill

On Monday, the world’s stock markets closed mainly in the red zone against the backdrop of macroeconomic data while the price of oil went up. In Europe, the FTSE 100 fell 0.99 percent down to 6,656.37 points, the CAC 40 shed 0.29 percent down to 4,377.33 points, and the DAX 30 dropped 0.17 percent down to 9,963.51 points.

On the Russian floors, the MICEX index grew 2.91 percent at once and reached 1,578.38 points whereas the RTS index shed 1.64 percent making 958.33 due to a worsened exchanged rate for the rouble.

In the USA, the Dow Jones fell 0.29 percent down to 17,776.90 points, the S&P dropped 0.68 percent down to 2,053.44 points, and the NASDAQ slumped 1.34 percent getting down to 4,727.35 points.

The NYMEX price of the WTI oil future rose by $2.85, up to $69 a barrel. On the ICE, the price of the Brent oil future went up by $2.38 and made $72.40 a barrel. However, it’s too early to speak of the trend reversal for oil.

On the Forex market, the situation with EUR/USD remains unchanged so far. The pair needs a serious boost to start moving again.

Anna Gorenkova
NordFX Analyst

Tuesday, 02 Dec, 2014 / 11:41

Source :

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