EUR/USD at 1.1228. Oil prices fell to the lowest level in a month.

EUR/USD dropped to the daily low of 1.1130 at the end of the European session today, however the pair recovered during North American hours, closing slightly lower than the previous close. As of 6:00 PM EDT the pair was trading at 1.1228, down 0.29%.

US shares slightly rose today. Below is presented the performance of major indices:

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  • DJIA closed at 17,733.10, up 0.53%.
  • Nasdaq Composite increased 0.21% finishing at 4,844.92.
  • S&P 500 closed at 2,077.99, which represents 0.31% increase from the previous close.

According to the report from Labor Department, the US initial claims rose to 277,000 for the week ended June 11, representing the 67th consecutive week the claims are below the threshold level of 300,000.

Another report from Labor Department showed that the US Consumer Price Index rose 0.2% in May after 0.4% increase in the previous month. The figure was lower than the analysts’ estimate of 0.3% rise.

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The Philadelphia Fed manufacturing index improved in June, rising to a reading of 4.7 from -1.8 in the previous month. “Given the larger manufacturing base in the Philly Fed survey region, we take more signal from this morning’s print. On balance, the tone of U.S. manufacturing remains negative” said Jesse Hurwitz from Barclays.

Oil prices fell for the sixth straight day. The WTI Crude closed at 46.21 USD/bbl, down 3.75%. Brent Crude was trading at 47.03 USD/bbl as of 5:43 PM EDT, which is 3.96% lower than the previous close.

 

 

 

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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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