Trading news

Mixed Directions on Markets

Yesterday world financial markets closed without a common trend again. European indices went up due to reports that the ECB kept the key interest rate at 0.05% and announced that it would launch its quantitative easing mechanism in case of a deteriorating outlook for eurozone economic growth. Thus, the British FTSE 100 grew 0.18 percent up to 6,551.15 points, the German DAX 30 advanced 0.66 percent up to 9,377.41 points, and the French CAC 40 gained 0.46 percent making 4,227.68 points.

There was no common direction on the Russian floor – the RTS index plunged 3.53 percent down to 1,017.28 points whereas the MICEX index grew 0.15 percent up to 1,497.46 points.

In the USA, the Dow Jones Industrial Average gained 0.4 percent going up to 17,554.47 points, the NASDAQ Composite grew 0.38 percent up to 4,638.47 points, and the S&P BMI added 0.38 percent as well, reaching 2,031.21 points.

On Thursday, the NYMEX price quotations for December WTI oil futures dropped by $0.77 and closed at $77.91 a barrel. On London’s ICE, the December future for Brent oil went down by $0.09 and made $82.86 a barrel.

The dollar quickly got stronger in light of the mid-term election results in the USA – Republicans won the elections while Democrats lost a considerable number of their posts.

On the Forex market, EUR/USD hit a new low falling below 1.24. The next support level should be 1.22.

Anna Gorenkova
NordFX Analyst

Friday, 07 Nov, 2014 / 10:55

Source :

Trading news

 

Dollar firms, stocks slip amid US stimulus doubts

  Talks on US stimulus package continue but deal in doubt after [...]

Posted on Thursday, 22 Oct, 2020 / 9:34 under

Up to the US Elections Results

The US economy has recovered modestly in the third quarter thanks to [...]

Posted on Thursday, 22 Oct, 2020 / 9:18 under

OIL dropped 2.5% after excess supply – US OIL Market Outlook – 22/10/2020

WTI Crude dropped by more than 2.50%, hitting our short entry support targets, [...]

Posted on Thursday, 22 Oct, 2020 / 7:55 under