Quotations for oil futures WTI rose during the European session on Friday.
On the New York Mercantile Exchange (NYMEX), WTI futures for May delivery rose to $52.89 per barrel, up by 0.41%.
WTI oil found support at $52.29 and resistance at $53.76.
As for other goods traded on ICE, futures for Brent crude for delivery in June rose by 0.02%, reaching $55.64 per barrel, and the difference in price between Brent crude oil contracts and WTI oil was 2.75 dollars per barrel.
Futures on the USD index, showing the ratio of the US dollar to the basket of the six major currencies, increased by 0.43% and is trading at around $100.49.
Showing posts with label USD index. Show all posts
Showing posts with label USD index. Show all posts
Saturday, 15 April 2017
Sunday, 13 November 2016
The markets have calmed down and the dollar stopped growing
The dollar has stopped the rise and traded steadily against other currencies in quiet trading on Friday as investors have recovered from the shocking results of the voting in the United States, and became even optimistic considering the choice of Americans to the country's economy.
The EUR/USD fell by 0.30% to 1.0852. On Wednesday, the pair jumped to 1.1298, the highest level since September 8, before returning to 1.0902.
The dollar was supported as investors revised their initial expectations for Trump presidency. Market participants expect an increase in costs and increase in inflation during the administration of Trump.
The dollar showed an increase after on Thursday the US Department of Labor said the number of initial applications for unemployment benefits for the week ended November 5 fell by 11000 to 254000. Analysts had expected a decline in the number of initial applications by 5000 to 260,000 last week.
The Mexican peso continues to fall, MXN/USD pair fell by 1.44% to a fresh record low at 0.0479.
At a press conference on Wednesday the governor of the Mexican central bank said that the institution is watching the market volatility, but refrain from any national currency stabilization measures.
GBP/USD pair rose by 0.85% to 1.2595, the highest level since 6 October.
The pound was supported, as some British politicians have declared that they intend to vote against the negotiations on Brexit, after a court stated that the UK government must obtain parliamentary approval to initiate the process of exit from the EU.
Pair USD/JPY fell by 0.49% to 106.66, holding near a three-month high on Thursday at 106.94.
Australian and New Zealand dollars fell, AUD/USD pair fell by 0.33% to 0.7541 and the pair NZD/USD fell by 0.29% to 0.7106.
Pair USD/CAD rose by 0.27% to 1.3536, holding near a seven-month high at 1.3525.
USD index, which shows the relationship of the US dollar to a basket of major currencies, was steady at 98.84, remaining at the 2.5-week high on Thursday at 99.08.
The EUR/USD fell by 0.30% to 1.0852. On Wednesday, the pair jumped to 1.1298, the highest level since September 8, before returning to 1.0902.
The dollar was supported as investors revised their initial expectations for Trump presidency. Market participants expect an increase in costs and increase in inflation during the administration of Trump.
The dollar showed an increase after on Thursday the US Department of Labor said the number of initial applications for unemployment benefits for the week ended November 5 fell by 11000 to 254000. Analysts had expected a decline in the number of initial applications by 5000 to 260,000 last week.
The Mexican peso continues to fall, MXN/USD pair fell by 1.44% to a fresh record low at 0.0479.
At a press conference on Wednesday the governor of the Mexican central bank said that the institution is watching the market volatility, but refrain from any national currency stabilization measures.
GBP/USD pair rose by 0.85% to 1.2595, the highest level since 6 October.
The pound was supported, as some British politicians have declared that they intend to vote against the negotiations on Brexit, after a court stated that the UK government must obtain parliamentary approval to initiate the process of exit from the EU.
Pair USD/JPY fell by 0.49% to 106.66, holding near a three-month high on Thursday at 106.94.
Australian and New Zealand dollars fell, AUD/USD pair fell by 0.33% to 0.7541 and the pair NZD/USD fell by 0.29% to 0.7106.
Pair USD/CAD rose by 0.27% to 1.3536, holding near a seven-month high at 1.3525.
USD index, which shows the relationship of the US dollar to a basket of major currencies, was steady at 98.84, remaining at the 2.5-week high on Thursday at 99.08.
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