August 29, 2014 - Market News Daily 

Hot property for Today: EUR / USD 

EUR / USD 

Yesterday the EUR / USD fell to 1.3160 ​​and removed about 80 pips. This couple is affected by positive data from the United States of America showed output rose 4.2% in the last quarter, which is the highest increase since 2010 Looking at the overall progress of the American economy we have seen some solid data, and this should push the Fed to raise interest rates. Today, we can see the movement more intense as the inflation data was released in Europe on 09:00 GMT. Inflation is expected to rise 0.3%, the lowest level since 2009 Low inflation is putting pressure on the European Central Bank to use additional stimulus, can be introduced at the next meeting (Thursday). 

Movement is slightly reduced. Support is found at 1.3150 and resistance at 1.3220. 

Trend: Slightly down 

USD / RUB 

USD / RUB rose to its highest level since 1993 and are aiming at 37.00. Russian ruble devaluation in the past two months due to the crisis in Ukraine. With sanctions against Russia posted market currencies and stocks both fell down. The pair is currently reacting to potential sanctions being imposed from Germany and France if the conflict continues. 

Movement is increased slightly. Found support at 36.50 and resistance at 37.00. 

Trend: Slightly Up 

WTI Crude Oil 

On Thursday, WTI crude oil back above $ 94.00 / barrel as the market reacted positively to America's GDP data. The improved prospects for the American economy is growing speculation about higher oil demand. This has pushed the price up to the current level of 94.80 U.S. dollars / barrel. In addition to increased data, geopolitical tensions remain and therefore, prices are going up. 

Movement is slightly upward. Support is found at 93.40 and resistance at 95.50. 

Trend: Slightly Up