EUR/USD jumped 0.86%. Opinion poll suggests UK to remain in EU.

EUR/USD rose for the second day in a row. As of 6:00 PM EDT the pair was trading at 1.1427, which is 0.86% higher than the previous close.

US shares finished higher today driven mainly by the opinion poll suggesting Britain to remain part of the European Union. Below is presented the performance of major indices:

EURO-DOLLAR.Com Top Forex Brokers
Trade EUR/USD with AVA Trade
Trade EUR/USD with eTORO
Trade EUR/USD with XM.Com
  • DJIA closed at 18,011.07, up 1.29%.
  • Nasdaq Composite rose 1.59% finishing at 4,910.04.
  • S&P 500 closed at 2,113.32, which represents 1.34% increase from the previous close.

According to the Labor Department, the number of Americans filing for unemployment benefits dropped 18,000 to a seasonally adjusted 259,000 for the week ended June 18, almost reaching the 43-year low. The result is lower than the analysts’ estimate of 270,000.

US manufacturing activity increased in June. The Manufacturing PMI rose to 51.4 from 50.7 in May, reaching a three month high.

dfgwrggr

“Today’s data suggest that growth has bounced back in the second quarter,” said Ryan Sweet, senior economist at Moody’s Analytics.

According to the data released from the Commerce Department, the US new homes sales fell 6% in May from the previous month to an annual rate of 551,000. “Through the volatility, the trend still looks upward” said Jim O’Sullivan, economist at High Frequency Economics.

Oil prices rose today. The WTI Crude closed at 50.11 USD/bbl, up 1.99%. The Brent Crude was trading at 51.11 USD/bbl as of 5:43 PM EDT, which is 2.47% higher than the previous close.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
XM
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

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.

Tags: , ,

Leave a Reply

You must be logged in to post a comment.