
Intraday Market Analysis – Recovery Momentum
EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]
On Monday, the world’s stock markets finished trading on the rise. European indices posted the following results: Britain’s FTSE 100 grew 0.78 percent up to 6,741.25 points, Germany’s DAX advanced 1.68 percent up to 9,245.33 points, and France’s CAC 40 gained 1.35 percent getting up to 4,230.65 points.
In Russia, the MICEX index grew 0.52 percent up to 1,425.18 points while the RTS index added 0.91 percent and closed at 1,243.56 points.
In the USA, the Dow Jones advanced 1.06 percent up to 16,838.74 points, the S&P 500 gained 0.85 percent up to 1,971.74 points, and the NASDAQ grew 0.97 percent finishing at 4,508.31 points.
There’s an opposite situation on the global oil market. On the NYMEX, the price of the September WTI oil future dropped by $0.94, down to $96.41 a barrel while October futures went down by $1.57 reaching $93.75 a barrel. On London’s ICE, the price of the Brent oil future for October got lower by $1.93 and stopped at $101.60 a barrel. Market players’ sentiment is greatly influenced by successful advances of Iraqi troops against Islamic State militants with the support of US air strikes as well as by investors’ concerns that Europe’s demand for oil might decrease.
On the Forex market, EUR/USD is still holding at the same level.
Anna Gorenkova
NordFX Analyst
Tuesday, 19 Aug, 2014 / 10:23
Intraday Market Analysis – Recovery Momentum
EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]
What To Expect Out Of Bank Of Canada Interest Rate Decision
There is an increasing consensus that we will get some action out of the BOC [...]
COCA-COLA REPORTS SPARKLING Q1 RESULTS
Coca-Cola reported quarterly sales growth for the first time after four [...]