Trading news

Euro May Fall Below 1.0495

Last Friday the world's financial markets closed predominantly on the rise. In Europe as such, Britain’s FTSE 100 grew 1.06 percent up to 7,089.77 points, Germany’s DAX advanced 1.71 percent up to 12,374.73 points, and France’s CAC 40 added 0.6 percent making 5,240.46 points.

In Russia, the MICEX index fell 0.63 percent down to 1,657.02 points and the RTS index – 0.4 percent down to 999.38 points.

In the USA, the Dow Jones grew 0.55 percent to 18,057.65 points, the S&P 500 gained 0.25 percent up to 2,102.06 points, and the NASDAQ added 0.43 percent getting up to 4,925.98 points.

On the NYMEX, the price of WTI oil futures for May rose by $0.85 and made $51.64 a barrel. On London’s ICE, the price of Brent oil futures for May delivery went up by $1.30 and reached $57.87 a barrel.

On the global Forex market, EUR/USD dropped almost to 1.0495, i.e. the bottom boundary of the correction range. If the pair breaks through this level, its sharp decline can continue. With this, it’s not advisable to enter the market at the breakthrough point – the pair may form a double bottom pattern on the daily chart.

Anna Gorenkova
NordFX Analyst

Monday, 13 Apr, 2015 / 1:04

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

Source :

Trading news

 

Risk Appetite Remains High On Trade Deal & US Data

Equities continue to remain poised to the upside due to a number of factors. [...]

Posted on Friday, 17 Jan, 2020 / 2:46 under

US earnings and data, China GDP propel stocks to fresh highs; dollar nears 8-month high vs yen

  China reports slowest annual growth in 29 years but signs of [...]

Posted on Friday, 17 Jan, 2020 / 10:05 under

GBP, NZD and USD the Main G10 Gainers, Equities Sail North

The dollar traded higher against most of the other G10 currencies yesterday, [...]

Posted on Friday, 17 Jan, 2020 / 8:41 under