EUR/USD increased 0.18%. Oil prices at $49.

EUR/USD was trading mostly higher throughout the day. As of 1:00 PM EDT the pair was trading at 1.1161, which is 0.18% higher than the previous close.

Barclays analysts provided their targets on EUR/USD today. “We are looking to re-establish a bearish view on the break below the 1.1180 lows. We would also fade any upticks against resistance in the 1.1350 area. Our downside targets are towards 1.1125 and then 1.0990” written in the report.

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European shares finished higher today. The performance of major indices is presented below:

  • FTSE 100 closed at 6,262.85, up 0.70%.
  • CAC 40 rose 1.13% finishing at 4,481.64.
  • Euro Stoxx 50 was trading at 3,061.60 as of 5:50 PM GMT, which is 1.71% higher than the previous close.

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According to the survey from Gfk research group its consumer climate index for Germany increased to 9.8 for June from 9.7 in May. “Despite the excellent conditions in place for domestic demand, in terms of the labor market, income and inflation, for example, there are a number of uncertainties that should not be underestimated” said Gfk.

Oil prices rose today. As of 12:58 PM EDT the WTI Crude was trading at 49.03 USD/bbl up 0.84% and Brent Crude at 49.22 USD/bbl, which represents 1.25% increase from the previous close.

“As long as supply continues to decline, which it is and it’s going to take time, it means we can grind higher but it’s not going to be linear” said Seth Kleinman, the head of European energy research at Citigroup.

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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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