Financial Markets Daily

In the currency market

Euro: The euro rose for the third day in a row to close at $1.1821, up 0.46%. On the technical level, the initial resistance to the upward movement of the exchange rate is at 1.1854, the further resistance is at 1.1888, and the key resistance is at 1.1935. The initial support for the lower exchange rate is at 1.1773, further support is at 1.1726, and more critical support is at 1.1693.

Sterling: rose for the third day in a row to close at 1.2946, up 0.02%. On the technical front, the initial resistance to the upward movement of the exchange rate is at 1.2980, further resistance is at 1.3013, and the key resistance is at 1.3048. The initial support is at 1.2912, further support is at 1.2877, and more critical support is at 1.2844.

Yen: The dollar gained for the first time in three days to 105.42 yen, up 0.03 percent. Technically, the initial resistance to the exchange rate upward is at 105.67, further resistance is at 105.93, and the key resistance is at 106.11. Initial support for the lower exchange rate is at 105.23, further support is at 105.05, and more critical support is at 104.79.

The stock market

The Democratic Speaker of the Us House of Representatives, Nancy Pelosi, said on Tuesday there had been some progress in talks with Treasury Secretary Steven Mnuchin on a new bailout package. Stimulated by the good outlook, the U.S. stock market in the middle of the day on trial temporary high, once climbed more than 300 points. All three indexes were up more than 1 percent during the session, with financial stocks contributing to the rally, with Apple shares up more than 2 percent at one point. At the close, the Dow Jones Industrial Average was up 113.40 points, or 0.40 percent, at 28308.79. The S&P 500 ended up 16.20 points, or 0.47%, at 3443.13. The Nasdaq Composite index closed up 37.60 points, or 0.33%, at 11,516.49.

London (Marketwire) – A surge in confirmed COVID-19 cases in Europe and investor concerns about whether the U.S. Congress will meet a deadline for a fiscal stimulus package weighed on market sentiment, with European shares ending mixed on Tuesday. The Pan-European Stoxx 600 index closed down 1.30 points, or 0.35%, at 365.51. Germany’s DAX30 index closed down 117.71 points, or 0.92 percent, at 12,736.95. Britain’s FTSE 100 index closed up 4.57 points, or 0.08%, at 5,889.22. The CAC-40 index in France closed down 13.34 points, or 0.27%, at 4,929.28. In Europe, the Stoxx 50 index closed down 7.70 points, or 0.24%, at 3,227.05. Spain’s IBEX35 index closed up 66.80 points, or 0.97%, at 6,927.00. Italy’s FTSE MIB index closed up 107.92 points, or 0.56%, at 19,482.13.

Commodity markets

Spot gold closed at $1,906.28 an ounce, up $2.39, or 0.13 percent, after touching as high as $1,913.85 an ounce and as low as $1,893.95 an ounce.

COMEX gold for December delivery settled up 0.2 percent at $1,915.40 an ounce.

The US dollar weakened against a basket of currencies on Tuesday as Democratic House Speaker Nancy Pelosi said some progress had been made in talks with Treasury Secretary Steven Mnuchin on a new bailout package. However, fears of a global coVID-19 rebound are choking off any hope of a recovery in fuel demand, and an increase in Libyan oil production is increasing ample supplies, limiting the upside for oil prices. U.S. WTI crude for November delivery ended up 63 cents, or 1.54 percent, at $41.46 a barrel. U.S. WTI crude for December delivery ended up 64 cents, or 1.60 percent, at $41.70 a barrel. Brent crude for December delivery ended up 64 cents, or 1.27 percent, at $43.16 a barrel. Earlier, IT closed down 5 cents, or 0.12 percent, at $40.83 a barrel. Cloth oil closed down 31 cents, or 0.72 percent, at $42.62 a barrel.

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