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The U.S. Is Ready To Postpone Military Operations Against Syria

ByLiteForex Europe
Published 09/10/2013, 06:44 AM
Updated 07/09/2023, 06:31 AM
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Today the market will be more nervous than it was on Monday. The US is ready to accept Russia's offer and to postpone military operation against Syria, if Syria will agree to transfer it's chemical weapons over to international control. Based on this news and these discussions, prices of Oil are falling. Brent is traded this morning on $111.47 per barrel and Light has reached level of $107.46. Both oil brands are losing around 1% in price. Nevertheless, the latest events are only a temporary break before the situation will continue to develop, according to a new scenario.

Meanwhile, the stock market of the United States finished the trading session with a moderate growth of the main indexes, the Dow Jones index recorded the greatest increase from the middle of July, having added 0.94%. Nasdaq and S&P 500 added 1.26% and 0.99% accordingly. Mainly all the stock markets were growing on Chinese optimism.

To remind you, the surplus of the Chinese trade balance made $28.61 billion in comparison with average market expectations at the level of $20 billion. The improvement is welcomed by investors, and even the possible war in Syria doesnt seem it will effect further investment in markets.

Another interesting development we can see is in the development of the EUR/USD currency pair. USD felt under pressure after the index of business moods of Sentix grew to 6.5, instead of the predicted fall to 4.0, having showed the maximum indicator since May, 2011. The euro went above the level of 1.32, reaching a 1.3280 high during the American trading session, and closing the day on around 1.3260. This morning, the dollar is trying to win back lost positions and is strengthening towards the euro, trading on a level of 1.3246.

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