EUR/USD grew significantly on ECB promises

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Source: Forexpros

On Wednesday, the Euro gained significantly versus the U.S. dollar, as the ECB President Mario Draghi said that the ECB will act, if Eurozone's economy slips lower. EUR reached 1.2555 against USD in the U.S. afternoon trading session, after pulling back from a session's low of 1.2441. The support was likely to be found at 1.2409, and resistance was prone to be at 1.2573.


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Wed, 06 Jun 2012 20:18:24 GMT

Oil gains on Eurozone optimism, dollar falls

On Wednesday, futures for crude oil rallied, as dollar was falling and investors were optimistic about ECB measures to combat Eurozone crisis. However, the supply of crude oil, which appeared to be larger than expected, did not allow further increase in oil prices. On the NYMEX, July delivery futures were traded at USD85.79 per barrel.

Wed, 06 Jun 2012 19:56:26 GMT

European stocks grew as investors were focused on Fed

European stock markets rallied up as investors focused on possible stimulus from Fed and did not pay much attention to ECB decision about holding interest rates steady. Stoxx Europe 600 gained 1.8% and reached the level of 238.70. Spanish IBEX 35 grew by 1.7% and reached 6,374.40, being affected by Telefonica shares, which gained about 4%.

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