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EUR/USD Correction Continues

On Thursday, the world’s financial markets closed mixed. In Europe, the FTSE 100 advanced 2.36 percent up to 7,053.67 points, the DAX dropped 1.21 percent down to 11,723.58 points, and the САС 40 fell 0.62 percent down to 5,178.91 points.

In Russia, the MICEX index shed 0.89 percent down to 1,662.64 points whereas the RTS index grew 2.44 percent to 1,028.47 points.

US stock indices were up – the Dow Jones gained 0.11 percent up to 18,058.69 points, the S&P 500 grew 0.24 percent to 2,112.93 points, and the NASDAQ advanced 0.41 percent up to 5,056.06 points.

Yesterday oil prices went up due to reports that Saudi air attacks were resumed in Yemen. The NYMEX price of WTI oil futures for June rose by $1.58 and made $57.74 a barrel. On London’s ICE, the price of Brent oil futures for June went up by 2.12 and reached $64.85 a barrel.

On the Forex market, EUR/USD keeps moving within the correction range. If the current rise continues, the pair may get to 1.0960.

Anna Gorenkova
NordFX Analyst

Friday, 24 Apr, 2015 / 10:44

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