EUR/USD at 1.0890. WTI Crude plummeted below 27$.

Euro started to strengthen against US dollar at the first half of trading day, reaching a high of 1.0976, however it fell below 1.09 and closed the session at 1.0890, which is 0.2% lower its previous close.

Global markets were down today, with almost all major indices in Europe and Asia declining more than 3%. US stocks started the day with a sharp drop either, however after the second half of the day they recovered slightly.

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US major indices performed the following way:

  • DJIA closed at 15,766.74, down 1.56%, after hitting the lowest price of 15,450.56 in the middle of the day.
  • Nasdaq Composite closed at 4,471.69, down only 0.12% after significantly recovering from the lowest price of 4,313.38.
  • S&P 500 closed the session with a 1.17% loss.

From important data announcement during North American session we can mention the following:

  • An unexpected decline in U.S consumer prices in December affected by drop in cost of energy goods. The Labor Department said its Consumer Price Index slipped 0.1 percent, noting that economists had forecasted the CPI to remain unchanged.
  • The Commerce Department said housing starts dropped 2.5% in December. Building permits declined 3.9% and permits for the construction of single-family homes rose 1.8%.

Oil prices plummeted today. Particularly the WTI Crude oil hit the lowest price of 26.19 USD/bbl and closed the session at 26.55 USD/bbl, representing a 6.71% decline.

As of 17:24 ET the Brent Crude was trading at 27.72 down 3.62%.


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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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