European trading session summary Jan 14

EUR/USD pair traded today in a range of 1.0836-1.0945 (as of 5 pm GMT). It hit 1.0945 almost reaching the weekly highest point of 1.0969 achieved on Monday, however it sharply declined thereafter to its daily lowest price of 1.0836 before the end of European session. It closes at 1.0861 (end of European session), which is 0.19% lower compared to its previous close of 1.0882.

Though the EUR/USD pair showed some gain during the day, the general trend of weakening Euro is still present. The reason of this can be the announcement of ECB minutes, according to which there is a possibility of more rate cuts and also the worries about the Eurozone economy.

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Below are mentioned the performance of 3 major indices from European trading session.

  • FTSE 100: it sharply drop to its lowest level of 5829.26 losing 131.71 points or 2.2%, but it recovered at the end of the trading session and closed at 5918.23, which is -0.72%.
  • CAC 40 starts trading with immediate decline in price, reaching 4234.84, the lowest price since august 2015. During the second half of the day the index started to increase gradually closing at 4312.89 or -1.8%.
  • Euro Stoxx 50 declined to its 52-week lowest price of 2972.18 and after a slight recovery closed at 3024 or -1.6%.

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I’m a finance specialist with 4+ years of working experience, out of which 2 years as a SME relationship manager at Byblos Bank and 2 years as a Finance Director in a Food & Beverage sector. My academic background include BA in economics, MA in finance, CFA Level 1 and F1, F2, F3 level of ACCA. I’m also experienced in Forex/CFD trading and Forex/ Equity markets analysis.

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