EUR/USD rose 0.32%. Eurozone Unemployment dropped to its lowest level since 2011.

EUR/USD rose today. The currency pair was trading at 1.1135 as of 5:00 PM EDT, which represents 0.35% increase from the previous close. The pair has slightly recovered during this week after a huge decline on Friday after Brexit vote.

Global shares finished moderately higher today, representing the fourth day of consecutive gains. 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
  • Shanghai Composite closed at 2,932.48, up just 0.10%.
  • Nikkei 225 rose 0.68% finishing at 15,682.48.
  • FTSE 100 gained 1.13% closing at 6,577.83.
  • Euro Stoxx 50 finished at 2,883.06, which is 0.64% higher than the previous close.
  • DJIA closed at 17,949.37, up 0.11%.
  • S&P 500 finished at 2,102.95, which represents 0.19% increase from the previous close.

Data released on Friday showed that Japan’s consumer prices fell at their sharpest pace since 2013 in May. The core consumer prices dropped 0.4% from a year earlier, raising expectations that BoJ will have to act again to shore up inflation.

Another data from Japan showed that the country’s unemployment rate was unchanged at 3.2 per cent in May, meeting the analysts’ expectations.

Eurozone Unemployment declined to 10.1 percent in May, representing the lowest level in nearly 5 years. The rate has declined for the last three consecutive months. “Given that at least some eurozone firms will probably delay their hiring plans after the fallout of the UK’s vote to leave the EU, we still think that the ECB has a lot more work to do if it is to stand any chance of hitting its inflation target in the medium term”, said Stephen Brown at Capital Economics.

According to the report from the Institute for Supply Management, its index of manufacturing activity increased to 53.2 in June from 51.3 in the previous month.

Oil prices rose today. The WTI Crude closed at 49.28 USD/bbl, up 1.97%. The Brent Crude was trading at 50.60 USD/bbl as of 5:07 PM EDT, which represents 1.67% gain from 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.