Financial Markets Daily

In the currency market

Euro: The euro rose for the third day in a row to close at $1.1855, up 0.23%. Technically, the initial resistance to the upward movement of the exchange rate is at 1.1874, the further resistance is at 1.1899 and the key resistance is at 1.1930. The initial support is at 1.1819, further support is at 1.1788, and more critical support is at 1.1763.

Sterling: Rose for the second day in a row to close at 1.3198, up 0.06%. Technically, the initial resistance to the exchange rate upward is at 1.3233, further resistance is at 1.3276, and key resistance is at 1.3310. The initial support is at 1.3155, further support is at 1.3121, and more critical support is at 1.3077.

Yen: Dollar/jPY fell for the third day in a row, closing down 0.04% at 104.54. Technically, the initial resistance to the exchange rate upward is at 105.01, further resistance is at 105.46, and the key resistance is at 105.79. Initial support for the lower exchange rate is at 104.24, further support is at 103.91, and more critical support is at 103.46.

The stock market

Us drug company Moderna had good test data, with its coVID-19 vaccine proving 94.5% effective in phase III clinical trials. The vaccine has a longer shelf life and can last up to 30 days at refrigerator temperature. New York (Ap) — The Dow Jones Industrial Average climbed more than 400 points and plunged to a new intraday high of 30,000 as investors boosted confidence in the economic recovery. The Dow Jones Industrial Average closed up 470.60 points, or 1.60%, at 29,950.44. The S&P 500 index closed up 41.80 points, or 1.16%, at 3,626.91. The Nasdaq Composite index closed up 94.80 points, or 0.80%, at 11924.13.

London (Marketwatch) – European stocks closed higher on Monday as vaccine developments from US drug company Moderna further raised hopes for an effective coVID-19 vaccine. The Pan-European Stoxx 600 index closed up 4.56 points, or 1.18%, at 389.74. Oil and natural gas plate led the rise, up 4.2%; Germany’s DAX30 index closed up 61.89 points, or 0.47%, at 13,138.61. Britain’s FTSE 100 index closed up 104.90 points, or 1.66%, at 6,421.29. The CAC-40 index in France closed up 91.32 points, or 1.70%, at 5,471.48. The Stoxx 50 index in Europe closed up 34.68 points, or 1.01%, at 3,466.75. Spain’s IBEX35 index closed up 201.30 points, or 2.59%, at 7,985.00. Italy’s FTSE MIB index closed up 413.43 points, or 1.98 per cent, at 21,317.01.

Commodity markets

Spot gold closed at $1,888.76 an ounce, down 29 cents, or 0.02 percent, after touching as high as $1,898.96 an ounce and as low as $1,864.89.

COMEX Gold for December delivery ended up $1.60 at $1,887.80 an ounce.

Preliminary data from US pharmaceutical company Moderna shows that its latest coVID-19 vaccine is nearly 95 percent effective. For Opec + hope to offset the market will continue to curb output for increasing production and Libya COVID – 19 cases lead to fuel concerns about weak demand, moreover, the data show that China and Japan are the two big economies of the world’s economic recovery, and China’s oil refineries daily data of crude oil processing capacity to a record high in October, also support the price of oil, oil prices on Monday (16 November) for last week’s rally. U.S. WTI crude for December delivery ended up $1.21, or 3.01 percent, at $41.34 a barrel at press time. Brent crude for January delivery ended up $1.04, or 2.43 percent, at $43.82 a barrel. Last week, U.S. oil finished up 8.05 percent and U.S. oil finished up 8.44 percent.

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