🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

EUR/USD Dropped Lower Than Expected

Published 12/03/2015, 10:33
EUR/USD
-
UK100
-
US500
-
FCHI
-
DE40
-
LCO
-
CL
-
IMOEX
-

Yesterday world financial markets closed mainly on the rise. In Europe, the FTSE 100 grew 0.28 percent to 6,721.51 points, the German DAX advanced 2.66 percent up to 11,805.99 points, and the CAC 40 shot up by 2.37 percent to 4,997.75 points.

On the Russian floors, the MICEX index gained 0.37 percent going up to 1,671.47 points, and the RTS index added 0.31 percent reaching 847.98 points.

Amid concerns that the Federal Reserve may raise the key interest rate at the meeting 17 March, the US equity market was on the decline – the Dow Jones fell 0.16 percent to 17,635.39 points, the S&P 500 shed 0.19 percent down to 2,040.24 points, and the NASDAQ dropped 0.2 percent down to 4,849.94 points.

The NYMEX price of April futures for WTI oil went down by $0.12 and reached $48.17 a barrel. On London’s ICE, on the contrary, the price of Brent oil futures for April rose by $1.15 and made $57.54 a barrel.

On the global Forex market, EUR/USD fell even below the expected level of 1.0650. Nonetheless, it’s not a good time to enter the market now as the pair may experience a correction after such a big drop.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.