EUR/USD up 0.17%. Oil prices declined 1%.

EUR/USD rose during Asian hours today. As of 3:00 AM EDT the pair was trading at 1.1393, which is 0.17% higher than the previous close.

Analysts at Scotiabank provided their outlook on EUR/USD today. “EUR/USD short-term technicals: neutral/bearish— Our technical assessment of EUR/USD remains unchanged; longer-term signals remain EUR negative following last week’s reversal from the 1.16 area. However, shorter-term signals are neutral, with spot holding steady support in the upper 1.13 area and trend signals flat. We think the technical set up favors a weaker EUR but there is little directional intent implied in price action. A break under 1.1360/70 is needed to inject a little more downside momentum in the market” written in the report.

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Asian shares finished mixed today. Below is presented the performance of major indices:

  • Shanghai Composite closed at 2,837.04, up 0.16%.
  • Nikkei 225 finished slightly higher at 16,579.01.
  • Hang Seng was trading at 20,057.18 as of 3:54 PM HKT, which is 0.92% lower than the previous close.
  • ASX/S&P 200 closed at 5,372.30, up 0.55%.
  • India’s Sensex was trading at 25,539.14 as of 1:26 PM IST, which represents 0.91% decline from the previous close.


“I’d think the markets are supported by lack of negative news flows. It’s not that we have clear reason to be positive about the global economy but there may be a bit of unwinding in excessively pessimistic bets” said Hirokazu Kabeya from Daiwa Securities.

Oil prices moderately declined during Asian session today. As of 3:18 AM EDT the WTI Crude was trading at 44.21 USD/bbl down 1.01% and Brent Crude at 45.11 USD/bbl, which is 0.90% 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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