EUR/USD slightly up. Asian shares slipped.

EUR/USD rate was standing at 1.1121 up 0.12% as of 3:00 AM EST. The immediate resistance for this pair is 1.1150/53 (Feb 18 High), a break beyond which will open doors for a test of 1.1205/10 (10-DMA/ 1h 200-SMA). On the other side, the immediate support stands at 1.1100 and if a break will occur the rate will further decline to 1.1084/68 (Feb 8 & 18 Low) levels.

Asian shares slipped today. The performance of major indices is provided below:

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  • Shanghai Composite closed at 2,860.02, down just 0.10%, however the index gained 3.54% this week.
  • Nikkei 225 lost 1.42% closing at 15,967.17. The index jumped 6.85% during this week.
  • Hang Seng finished at 19,285.50, 0.40% below the previous close. The weekly performance of the index is 5.27% increase.
  • Australia’s ASX/S&P 200 fell by 0.79% finishing the session at 4,952.80. It has gained 3.8% in value this week.
  • India’s Sensex was trading at 23,578.78 as of 1:28 PM IST, which represents a 0.3% decline.


Oil prices fell today during Asian session. Data from Energy Information Administration (EIA) released yesterday showed a record build in US crude inventories. It increased by 2.1 million barrels last week, reaching a record high of 504.1 million barrels.

“What we see still is extreme volatility. I would not be surprised to see prices retreating again by a big margin in coming days.” said Carsten Fritsch from Commerzbank.

As of 2:44 AM EST the WTI Crude was trading at 30.45 USD/bbl, down 1.04% and Brent Crude at 34.02 USD/bbl, which represents a 0.76% decline from 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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