Daily market analysis by NordFX

[Julia NordFX]

Mixed Movements on Markets Again

Yesterday world financial markets closed mixed. Specifically in Europe the British FTSE 100 fell 0.09% and made 6,280.62 points, the French CAC 40 hardly changed and traded at 3,652.13 whereas the German DAX 30 grew 0.24% and reached 7,478.11 points.

Since opening the MICEX index shed 0.12% going down to 1,336 points while the RTS index was down 0.55% dropping to 1,329 points.

In the USA the Dow Jones was up 0.14% reaching 14,567.17 points, the NASDAQ gained 0.86% making 3,233.55 points, and the S&P 500 grew 0.47% up to 1,562.50 points.

On InterсontinentalExchange Futures Europe the official price of Brent oil rose by $0.74 and made $100.39 per barrel. On the New York Mercantile Exchange the official price of WTI oil went up by $0.75 and was at $88.76 per barrel.

On the Forex market EUR/USD is going down. If this continues, the pair will get to 1.2850 again.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Rise on Stock Markets

Rise on Stock Markets

Yesterday world stock markets closed on the rise. As such, in Europe the British FTSE 100 advanced 1.95% up to 6,403.25 points, the French CAC 40 was up 3.6% and made 3,783.05 points while the German DAX 30 grew 2.45% and reached 7,661.34 points.

In Russia the MICEX index gained 0.23% up to 1,339.91 points and the RTS index – 0.36% up to 1,333.89 points.

In the USA the Dow Jones index went up by 1.05% and reached 14,719.50 points, the NASDAQ advanced 1.11% and made 3,269.33 points, the S&P 500 gained 1.04% getting to 1,578.78 points.

The price of June futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.08, down to $100.31 per barrel. The price of June futures for light WTI oil went down by $0.01 or to $89.18 per barrel.

On Forex EUR/USD keeps going down.

Anna Gorenkova
NordFX Analyst

- - - Updated - - -

Yesterday world stock markets closed on the rise. As such, in Europe the British FTSE 100 advanced 1.95% up to 6,403.25 points, the French CAC 40 was up 3.6% and made 3,783.05 points while the German DAX 30 grew 2.45% and reached 7,661.34 points.

In Russia the MICEX index gained 0.23% up to 1,339.91 points and the RTS index – 0.36% up to 1,333.89 points.

In the USA the Dow Jones index went up by 1.05% and reached 14,719.50 points, the NASDAQ advanced 1.11% and made 3,269.33 points, the S&P 500 gained 1.04% getting to 1,578.78 points.

The price of June futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.08, down to $100.31 per barrel. The price of June futures for light WTI oil went down by $0.01 or to $89.18 per barrel.

On Forex EUR/USD keeps going down.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

ECB Might Lower Rates

Yesterday world financial markets were up in the hopes that the ECB’s rates would go down. Weak statistics from the largest European economy only boosted traders’ expectations for additional stimulus measures by the ECB. More clarity will come after the regulator’s meeting 2 May. ECB Vice President Vítor Constâncio contributed to the situation by saying that the ECB still had a possibility to change its rates.

As a result, Britain’s FTSE 100 advanced 0.4% up to 6,431.76 points, France’s CAC 40 grew 1.6% and made 3,842.94 points, Germany’s DAX 30 was up 1.32% and reached 7,759.21 points.

Russia’s indices grew as well, not in the least due to oil prices rising to over $100 per barrel. The MICEX index advanced 2.77% up to 1,377.01 points and the RTS index – 3.11% up to 1,375.40 points.

In the USA the Dow Jones fell 0.29% making 14,676.30 points, the NASDAQ gained 0.01% reaching 3,269.65 points while the S&P 500 grew insignificantly – up to 1,578.79 points.

On the New York Mercantile Exchange the price of WTI oil rose by $2.25 and reached $91.43 per barrel. The price of Brent oil grew more moderately – it was up by $1.42 and made $101.73 per barrel on InterсontinentalExchange Futures Europe.

On Forex EUR/USD went up some but it’s more likely the pair will fall.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed Mixed

On Monday world stock markets experienced mixed changes. There was no common trend due to contradictory statistics. In Europe trading resulted in the CAC 40 going down by 0.15% to 3,907.04 points. Germany’s DAX 30 shed 0.13% down to 8,112.08 points. There were holidays in the United Kingdom, Italy and Greece.

By the end of Monday’s trading in Russia the MICEX index grew 0.38% up to 1,413.43 points while the RTS index gained 0.16% and made 1,432.15 points.

The Dow Jones Industrial Average fell less than 0.1% down to 14,968.89 points. The Standard & Poor's 500 advanced 0.2% up to 1,617.50 points, registering its new record high. The Nasdaq Composite grew 0.4% up to 3,392.97 пункта.

The price of June futures for the North Sea petroleum mix of Brent Crude Oil rose by $2.61, up to $105.46 per barrel. The price of June futures for light WTI oil was up by $0.55 reaching $96.16 per barrel.

On the global Forex market EUR/USD has formed a technical pattern – a double top with the base at 1.3 on the daily chart.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Small Hike on Stock Markets

Yesterday world stock markets closed on the rise. As such, in Europe the British FTSE 100 was up by 0.55% and reached 6,557.30 points, the German DAX 30 advanced 0.86% and made 8,181.78 points while the French CAC 40 grew 0.37% up to 3,921.32 points.

In Russia the MICEX index went up by 1.19% and made 1,430.18 points, and the RTS index gained 1.37% and reached 1,451.84 points.

In the USA the Dow Jones grew 0.58% up to 15,056.20 points while the NASDAQ gained 0.11% and made 3,396.63 points. The S&P 500 advanced 0.52% reaching 1,625.96 points.

The price of June futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.06, down to $104.40 per barrel. The price of June WTI oil futures went down by $0.54, to $95.62 per barrel.

On Forex the situation remains the same so far.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Ended Mixed

On Monday world financial markets closed mixed. In Europe the British FTSE 100 climbed up by 0.1 per cent and reached 6,631.76 points, the German DAX 30 changed very little and made 8,279.29 points whereas the French CAC 40 shed 0.22 per cent, down to 3,945.20 points.

In Russia the MICEX index fell 0.68 per cent, down to 1,416.5 points, while the RTS index shrank by 0.52 per cent and got down to 1,422.29 points.

In the USA the Dow Jones index fell 0.18 per cent making 15,091.68 points, the NASDAQ gained 0.06 per cent going up to 3,438.79 points, the S&P 500 grew just 0.07 points making 1,633.77 points.

On InterсontinentalExchange Futures Europe the official price of Brent oil lowered by $1.09, down to $102.82 per barrel. On the New York Mercantile Exchange the official price of WTI oil was down by $0.87 and made $95.17 per barrel.

On Forex EUR/USD ultimately formed a technical pattern – a double top on the daily chart, having gone below its base. Now after a short correction the technical features indicate that the pair may get down to 1.2850.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

No Common Trend Again

The world’s financial markets closes mixed again. On European floors Wednesday’s trading resulted in the following index changes – the British FTSE 100 grew 0.11 per cent and reached 6,693.55 points, the German DAX 30 gained 0.28 per cent and made record high 8,362.42 points while the French CAC 40 advanced 0.41 per cent up to 3,982.23 points.

On the Russian floor the MICEX index fell 0.98 per cent down to 1,391.98 points, the RTS index shed 1.53 per cent and made 1,391.01 points.

In the USA the Dow Jones went up by 0.4 per cent to 15,275.69 points, the S&P 500 – to 1,658.78 points, growth being 0.51 per cent, and the Nasdaq Composite advanced 0.26 per cent up to 3,471.62 points.

The price of June futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.37, down to $102.33 per barrel. The price of June futures for light WTI oil went down by $1.29, to $92.92 per barrel.

On the Forex market EUR/USD reached the set target. Now it’s worth waiting for some time.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Index Slump on Markets Closing

Yesterday world financial markets closed in the red zone. In Europe Britain’s FTSE 100 fell 0.09 per cent down to 6,687.8 points, Germany’s DAX 30 grew 0.09 per cent and made record high 8,369.87 points whereas France’s CAC 40 shed 0.08 per cent down to 3,979.07 points.

In Russia the MICEX index fell 1.32 per cent down to 1,373.65 points while the RTS index – 0.75 per cent down to 1,380.58 points.

In the United States the Dow Jones index was down 0.28 per cent reaching 15,233.22 points, the NASDAQ shed 0.18 per cent making 3,465.24 points, and the S&P 500 shrank by 0.50 per cent down to 1,650.47 points.

The price of June futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.28, up to $103.78 per barrel. The price of June WTI oil futures grew by $0.86, up to $95.16 per barrel.

On Forex the situation remains the same at this point – there’re no definite signals.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed on the Rise

On Tuesday the world’s financial markets finished in the red zone. Trading on European stock markets resulted in the following index rates – the British FTSE 100 advanced 1.62 percent up to 6,762.01 points, the French CAC 40 gained 1.4 percent up to 4,050.56 points while the German DAX 30 grew 1.16 percent and reached another high of 8,480.87 points.

The Russian share index MICEX grew 1.41 percent up to 1,397.72 points, and the dollar-based RTS index was up 1.01 percent to 1,399.11 points.

In the USA the Dow Jones Industrial Average advanced 0.69 percent and made 15,409.39 points, the S&P 500 BMI grew 0.63 percent up to 1,660.06 points while the hi-tech NASDAQ gained 0.86 percent and reached 3,488.89 points.

On the New York stock exchange the official price of WTI oil rose by $0.86 and made $95.01 per barrel. On London’s stock exchange the official price of Brent oil was up by $1.59 and reached $104.23 per barrel.

On the Forex market EUR/USD went down to 1.2835. There’s no new direction yet.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Sharp Slump on Markets

Yesterday world financial markets saw major indices go down sharply in light of worsening outlooks by the IMF and the OECD in regards to the growth of the world’s biggest economies. IMF First Deputy Managing Director David Lipton said that, considering export slowdown, China’s economy could grow 7.75 percent this year in contrast to the previous estimate of 8.2 percent. The OECD’s May economic outlook for US GDP was also downgraded this year. Now the world’s largest economy is expected to grow 1.9 percent at the end of 2013, although earlier a 2 percent increase was predicted.

As a result, in Europe the British FTSE 100 shrank by 1.99 percent down to 6,627.17 points, the French CAC 40 fell 1.9 percent down to 3,974.12 points while the German DAX 30 shed 1.7 percent and reached 8,336.58 points.

In Russia the MICEX index fell 2.6 percent down to 1,361.43 points and the RTS – 2.79 percent down to 1,360.06 points.

In the USA the Dow Jones index was down 0.69 percent making 15,302.80 points, the NASDAQ went down by 0.61 percent reaching 3,467.52 points, and the S&P 500 fell 0.70 percent down to 1,648.36 points.

The price of July futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.80 or 1.7 percent, down to $104.26 per barrel. The price of July futures for light WTI oil went down by $1.88 or 2 percent, to $93.13 per barrel.

On the Forex market, so far the situation doesn’t provide any signals as to EUR/USD further movement.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed Mixed Again

Thursday’s trading resulted in mixed stock index changes. It became known on Thursday that, according to the second assessment, actual US GDP growth made 2.4% per annum in the first quarter of 2013, although analysts had expected the figure to remain the same as the initial estimate of 2.5%.

Consequently, in Europe the British FTSE 100 went up by 0.45 percent to 6,656.99 points, the French CAC 40 grew 0.6 percent up to 3,996.31 points, and the German DAX 30 was up by 0.76 percent reaching 8,400.2 points.

In Russia the MICEX index shed just 0.01 percent and made 1,361.26 points while the RTS index fell 0.71 percent down to 1,350.42 points.

In the USA the Dow Jones index advanced 0.14 percent up to 15,324.53 points, the S&P – 0.37 percent up to 1,654.41 points and the Nasdaq – 0.69 percent up to 3,491.30 points.

On NYMEX price quotations for July WTI oil futures rose by $0.48, up to $93.61 per barrel. On London’s ICE July Brent oil futures were down by $0.24 and made $102.19 per barrel.

On the currency exchange market, EUR/USD keeps going up. However, it’s not clear how long and up to what level the growth will continue.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

May Ended with a Slump

Stock markets finished May with a sharp decline in major indices. As such, in Europe the British FTSE 100 shed 1.11 percent down to 6,583.09 points, the French CAC 40 fell 1.19 percent down to 3,948.59 while the German DAX 30 dropped 0.61 percent and made 8,348.84 points.

In Russia the MICEX index fell 0.8 percent and reached 1,350.17 points, the RTS index went down by 1.4 percent to 1,331.43 points. From the start of the year the indices have dropped 8.5 percent and 12.8 percent correspondingly.

In the USA the Dow Jones index was down 1.36 percent making 15,115.57 points, the NASDAQ shed 1.01 percent reaching 3,455.91 points, and the S&P 500 fell 1.43 percent down to 1,630.74 points.

London’s IСE Futures Europe saw the Brent oil price lower by $1.80, down to $100.39 per barrel. On NYMEX WTI oil went down by $1.64, to $91.97 per barrel.

On the Forex market there are no definite signals at this point.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Different Directions Once Again…

Early this week the world’s financial markets closed mixed once again due to weak US and Chinese macroeconomic data for the business activity in the manufacturing sector. In May the US manufacturing PMI went down to 49 percent from 50.7 percent in April, reaching its minimum since the summer of 2009. The decrease of economic of activity in the country was registered for the first time since last November. The same index for China fell to 49.2 points in May from 50.4 points the month before. The final HSBC estimate turned out to be lower than the initial one, according to which the figure was supposed to go down just to 49.6 points.

After the data release, in Europe the British FTSE 100 shed 0.88 percent and made 6,525.12 points, the French CAC 40 was down by 0.71 percent reaching 3,920.67 points, and the German DAX 30 shrank by 0.76 percent down to 8,285.80 points.

In Russia the MICEX index fell 0.95 percent and reached 1,337.40 points while the RTS index shed 0.93 percent and made 1,319.01 points.

In the USA the Dow Jones Industrial Average was up by 0.92 percent making 15,252.34 points, the S&P 500 BMI grew 0.59 percent up to 1,640.27 points, and the hi-tech NASDAQ advanced 0.27 percent up to 3,465.36 points.

The price of July futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.78, up to $102.17 per barrel. The price of July futures for light WTI oil grew by $1.37, up to $93.45 per barrel.

On the Forex market, EUR/USD ran into resistance.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Negative Trend with Optimism

Markets closed mixed again. Investors aren’t sure yet how to respond to the budget deficit data – on the one hand, the deficit is huge, on the other hand, it’s better than expected. Thus, in April the US foreign trade balance deficit increased by 3.2 billion dollars, in comparison with the revise figure of 37.1 billion in March, and made 40.3 billion dollars. However, the increase was expected to be up to 41 billion dollars.

This time in Europe the British FTSE 100 gained 0.51 percent and reached 6,558.58 points, the French CAC 40 was up by 0.13 percent making 3,925.96 points, and the German DAX 30 advanced 0.12 percent up to 8,295.96 points.

In Russia the MICEX index grew 0.3 percent and made 1,341.62 points whereas the RTS index fell 0.3 percent down to 1,322.39 points.

In the United States the Dow Jones Industrial Average was down by 0.5 percent and got to 15,208.44 points, the S&P 500 BMI shrank by 0.55 percent down to 1,634.39 points while the hi-tech NASDAQ shed 0.58 percent and made 3,449.05 points.

The price of July futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.18, up to $103.24 per barrel. The price of July futures for light WTI oil lowered by $0.14, down to $93.31 per barrel.

On the foreign currency market, EUR/USD is going up very slowly. Still, there’s no assurance about the current upward trend continuing.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Slump on Stock Markets, Euro Set to Go Up

Mid-week major financial indices had a considerable slump. In Europe Britain’s FTSE 100 finished the trading session with a 2.1 percent fall, down to 6,419.31 points, France’s CAC 40 shed 1.9 percent down to 3,852.44 points while Germany’s DAX 30 finished trading with a 1.2 percent drop, down to 8,196.18 points, after the President of the Federal Reserve Bank of Kansas City again called to curtail monetary policy easing measures.

In Russia the MICEX index fell 1.11 percent down to 1,326.78 points, and the RTS index went down by 1.61 percent making 1,301.08 points.

In the USA the Dow Jones Industrial Average was down by 1.43 percent and reached 14,960.60 points, the S&P 500 BMI shrank by 1.26 percent down to 1,629.05 points while the hi-tech NASDAQ shed 1.16 percent and made 3,405.32 points.

The price of July futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.20, down to $103.04 per barrel. The price of July WTI oil futures rose by $0.43, up to $93.47 per barrel.

On the global Forex market, EUR/USD is at about the same level. However, there’s an ever clearer double bottom pattern forming on the daily chart. If the pattern is fully formed, it will open up big but long-term prospects for the pair. Nonetheless, first the pair needs to go over 1.3120 and then break through the main resistance level. It’ll require strong fundamental data.



Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

ECB’s Impetus for Euro Growth

On Thursday stock markets finished mixed. As such, in Europe the British FTSE 100 shed 1.3 percent and made 6,336.11 points, the French CAC 40 was down by 1 percent reaching 3,814.28 points while the German DAX 30 dropped 1.19 percent and made 8,098.81 points.

In Russia the MICEX index fell 0.74 percent down to 1,316.92 points, and the RTS index shed 1.09 percent down to 1,286.86 points.

In the USA the Dow Jones grew 0.53 percent making 15,040.62 points, the NASDAQ advanced 0.66 percent reaching 3,404.41 points, and the S&P 500 gained 0.85 percent up to 1,622.56 points.

The price of July futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.57, up to $103.61 per barrel. The price of July futures for light WTI oil went up by $1.02, to $94.76 per barrel.

The European Central Bank downgraded its outlook for eurozone economic growth in 2013 to a 0.6 percent decrease instead of the anticipated 0.5 percent in March. At the same time, the outlook for growth next year was upgraded to 1.1 percent as opposed to 1 percent earlier. In 2013-2014 inflation is expected to be at 1.4 percent and 1.3 percent respectively, which is lower than the regulator’s target of 2 percent. The ECB also decided to keep the base interest rate at 0.5 percent.

With that, on the global Forex market this news was sufficient for EUR/USD to complete the afore-mentioned pattern on the daily chart. The pair even finished the day above the resistance level, which is a good sign of further growth. Now EUR/USD has all chances to start moving upwards. The first target will be 1.3360 whereas the pair is staying at 1.3275 currently.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Indices Rolling Down Once Again

Yesterday world financial markets again closed with a slump in major indices due to weaker than expected statistics from China. In particular, in Europe the British FTSE 100 shed 0.18 percent and made 6,400.45 points, the French CAC 40 was down by 0.2 percent reaching 3,864.36 points whereas the German DAX 30 gained 0.64 percent and made 8,307.69 points.

In Russia the MICEX index fell 0.64 percent down to 1,335.25 points while the RTS index dropped 1.06 percent and got to 1,300.43 points.

In the USA the Dow Jones fell 0.06 percent making 15,238.59 points, the NASDAQ grew 0.13 percent reaching 3,473.77 points, and the S&P shed 0.03 percent down to 1,642.81 points.

The price of July futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.61, down to $103.95 per barrel. The price of July futures for light WTI oil fell by $0.26, down to $95.77 per barrel.

According to the data published last Sunday, in May China’s manufacturing volume increased by 9.2% per annum, although analysts expected a 9.4% increase. At the same time, on Monday the international rating agency S&P affirmed the USA’s long-term credit rating at AA+, raising the outlook from negative to stable.

On the Forex market, EUR/USD hasn’t been able to break through the resistance level of 1.3275 so far.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Price Crash

Yesterday world financial markets closed with a fall in light of the decision by the Central Bank of Japan not to boost the current volume of the asset buying program. Investors were also upset with the regulator’s decision not to extend the duration of fixed-rate credit operations, although their extension was expected for the next year.

Trading in Europe resulted in the British FTSE 100 shedding 0.94 percent down to 6,340.08 points, the French CAC 40 closing with a 1.4 percent drop down to 3,810.56 points, and the German DAX 30 falling 1.03 percent down to 8,222.46 points.

On the Russian floor, the MICEX index dropped 2.54 percent down to 1,301.31 points, and the RTS index shed 2.84 percent making 1,263.66 points.

In the USA the Dow Jones fell 0.76 percent down to 15,122.02 points, the NASDAQ was down by 1.06 percent reaching 3,436.95 points while the S&P 500 fell 1.02 percent and made 1,626.13 points.

On the global commodity market, the price of July futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.10, down to $102.85 per barrel. The price of July futures for light WTI oil fell by $0.53, down to $95.24 per barrel.

On the Forex market, EUR/USD is going up slowly. It can possibly get to 1.3370 today.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Euro on the Rise, Stock Markets Falling

Yesterday world stock markets closed with a slump. As such, in Europe Britain’s FTSE fell 0.64 percent down to 6,299.45 points, Germany’s DAX shrank by 0.96 percent down to 8,143.32 points, and France’s CAC 40 went down by 1.19 percent reaching 3,793.70 points.

In the USA the Dow Jones fell 0.84 percent and made 14,995.23 points, the NASDAQ shed 1.06 percent and reached 3,400.43 points while the S&P 500 was down by 0.84 percent and got to 1,612.53 points.

The price of July futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.53, up to $103.49 per barrel. The price of July WTI oil futures went up by $0.50, to $95.88 per barrel.

On the Forex market, EUR/USD keeps going up. Provided the news background is favorable for the euro, the pair can reach 1.3460 before the end of the week.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Falling Again

Yesterday world financial markets finished mixed. In particular, in Europe Britain’s FTSE 100 grew 0.08 percent and made 6,304.63 points, France’s CAC 40 advanced 0.11 percent and reached 3,797.98 points whereas Germany’s DAX 30 fell 0.59 percent down to 8,095.39 points.

In Russia the MICEX index shed 1.49 percent stopping at 1,281.89 points while the RTS index gained 0.04 percent and reached 1,264.18 points.

In the United States the Dow Jones index grew 1.21 percent up to 15,176.08 points, the S&P advanced 1.48 percent up to 1,636.36 points and the Nasdaq Composite – 1.32 percent up to 3,445.37 points.

On London’s IntercontinentalExchange the July Brent oil contract was up by $0.76 closing at $104.25 per barrel. On Thursday August Brent futures went up by $1.39 making $104.95 per barrel. On the New York Mercantile Exchange the price of the WTI oil contract for July delivery rose by $0.81, up to $96.69 a barrel.

On the Forex market, EUR/USD is experiencing a slight downward correction. Nevertheless, yesterday it closed just above the resistance level 1.3370.

Anna Gorenkova
NordFX Analyst