Financial Market Daily

Forex market

Euro: Euro/USD rose for the first time in five days, closing at 1.1718, an increase of 0.10%, and a decrease of 0.90% this week. Technically, the initial resistance for the upward exchange rate is at 1.1770, the further resistance is at 1.1860, and the key resistance is at 1.1920; the initial support for the downward exchange rate is at 1.1680, the further support is at 1.1600, and the more critical support is at 1.1520.

GBP: GBP/USD turned up, closing at 1.2913, an increase of 0.02%, and a decrease of 1.02% this week. Technically, the initial resistance for the upward exchange rate is at 1.3000, the further resistance is at 1.3085, and the key resistance is at 1.3195; the initial support for the downward exchange rate is at 1.2860, the further support is at 1.2800, and the more critical support is at 1.2705.

Japanese Yen: USD/JPY turned down, closing at 105.40, a decrease of 0.01%, and a decrease of 0.18% this week. Technically, the initial resistance for the upward exchange rate is at 106.00, the further resistance is at 106.60, and the key resistance is at 107.00; the initial support for the downward exchange rate is at 105.30, the further support is at 105.00, and the more critical support is at 104.70.

stock market

On Friday (October 16), the US retail sales and consumer confidence data were good, driving US stocks to rise nearly 300 points, then fell back, stabilized during the session, and the late gains narrowed. As of the close, the Dow Jones Industrial Index closed up 112.10 points. Increased 0.39% to 28,606.31 points; S&P 500 index closed up 0.50 points, or 0.01%, to 3,483.81 points; Nasdaq Composite Index closed down 42.30 points, or 0.36%, to 11,671.56 points.

European stocks closed sharply higher on Friday (October 16) and rebounded from the sharp decline in the previous trading day. The rapid spread of the new crown epidemic in continental Europe is still the focus of investors’ attention. The pan-European Stoxx 600 index closed up 4.57 points, or 1.26%, to 367.48 points. Among them, auto stocks rose 3.6%, and only the telecommunications sector bucked the trend and fell 0.2%; the German DAX30 index closed up 205.24 points, or 1.62%, to 12,908.99 points; the British FTSE 100 index closed up 87.06 points, or 1.49%. The French CAC40 index closed up 98.44 points, or 2.04%, to 4,95.86 points; the Stoxx Europe 50 index closed up 53.16 points, or 1.67%, to 3,245.85 points; Spain’s IBEX35 index closed up 33.20 points, or 0.49% , Reported 6850.00 points; Italy’s FTSE MIB index closed up 324.24 points, or 1.70%, to 19389.68 points.

Commodity market

Spot gold closed at US$189.13 per ounce, down US$8.45 or 0.44%. The highest intraday hit US$1913.70 per ounce and the lowest US$1896.91 per ounce. This week, spot gold fell 29.86 US dollars or 1.55%, the highest hit 1,933.00 US dollars / ounce, the lowest hit 1,882.10 US dollars / ounce.

Due to the recurring changes in the U.S. election situation, there has been no substantial progress in the Brexit negotiations, coupled with the strengthening of the U.S. dollar, and the market is worried that the surge of new crown pneumonia cases in Europe and the United States will reduce demand in fuel consumption regions. Friday (October 16) oil prices The decline continued, and the decline in oil prices narrowed towards the end. As of press time, US WTI crude oil futures for November closed down 8 cents, or 0.19%, to $40.88 per barrel; Brent crude oil December futures closed down 23 cents, or 0.53%, to $42.93 per barrel. On the previous trading day, U.S. oil also closed down 8 cents, or 0.19%, to $40.96 per barrel; Bulk Oil closed down 16 cents, or 0.37%, to $43.16 per barrel.

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