Overview of the main drivers: Stock indices and oil

The main stock indexes of Europe demonstrate a positive trend on trading on Monday. British FTSE 100 adds to the quotes of about + 0.10%, thereby exerting some pressure on the pound. DAX and CAC 40 on the average added about + 0.46% to the quotes, thereby putting pressure on the single currency against the US dollar. Look Quotations.

Oil prices continue to decline during the European session, on average losing about -0.82% of positions, thereby putting pressure on commodity currencies against the US dollar. Look “Oil Now“.

It is also worth noting that volatility on the market is quite restrained in the absence of a significant news background in the economic calendar and any other catalysts for the movement in the foreign exchange market.

Alexander Sivtsov