Trading news

EUR/USD Is Correcting

Posted on May 8, 2015 12:06

Yesterday world financial markets posted mixed results again. In Europe, the FTSE 100 fell 0.67 percent to 6,886.95 points, the DAX grew 0.51 percent to 11,407.97 points while the САС 40 shed 0.29 percent down to 4,967.22 points. 

Russia’s indices went down following oil prices – the MICEX index dropped 1.59 percent to 1,686.98 points, and the RTS index fell 0.51 percent to 1,060.73 points.

In the USA, the Dow Jones added 0.46 percent making 17,924.06 points, the S&P 500 grew 0.38 percent to 2,088 points, and the NASDAQ advanced 0.53 percent up to 4,945.54 points.

Thursday evening oil prices went down. The NYMEX price of WTI oil futures for June dropped by $1.71 and reached $56.59 a barrel. On London’s ICE, the price of the Brent oil future for June was down by $2.03 and got to $65.74 a barrel. 

On the global currency market, EUR/USD was slightly short of the 1.14 target and is experiencing a downward correction. Nonetheless, in case of favorable macroeconomic data, the pair may reach 1.1470.

Anna Gorenkova
NordFX Analyst

Monday, 25 May, 2015 / 12:10

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

US PPI Rises Slower In June

Producer prices data from the US released on Friday saw a slower pace of [...]

Posted on Monday, 15 Jul, 2019 / 12:39 under

COT: Speculators cut longs in oil and gold; Record copper short

The weekly Commitments of Traders (CoT) reports covering the week to July 9. [...]

Posted on Monday, 15 Jul, 2019 / 9:09 under

Oil prices grow by 5% on tropical storm

Oil shows strong growth this week. Bulls managed to get over the level of [...]

Posted on Monday, 15 Jul, 2019 / 8:38 under