Financial Markets Daily

In the currency market

Euro: EurUSD turned higher, up 0.19% to close at $1.1877. Technically, the initial resistance to the upward movement of the exchange rate is at 1.1897, the further resistance is at 1.1921 and the key resistance is at 1.1961. The initial support is at 1.1833, further support is at 1.1793, and more critical support is at 1.1769.

Sterling: Fell against the DOLLAR for the first time in five days, closing down 0.04% at 1.3266. Technically, the initial resistance to the exchange rate upward is at 1.3290, further resistance is at 1.3326, and key resistance is at 1.3373. The initial support for the lower exchange rate is at 1.3206, further support is at 1.3159, and more critical support is at 1.3123.

Yen: Dollar/jPY fell for the sixth straight day, closing down 0.04% at 103.73 yen. Technically, the initial resistance to the exchange rate upward is at 103.72, further resistance is at 104.40, and the key resistance is at 104.70. Initial support for the lower exchange rate is at 103.50, further support is at 103.00, and more critical support is at 102.53.

The stock market

The Dow Jones industrial Average fell more than 200 points in intraday trading as the epidemic intensified restrictions in several U.S. states. Stocks rose after U.S. Senate Democratic Leader Chuck Schumer said His Republican counterpart, Mitch McConnell, had agreed to resume bailout talks. Dow gradually narrowed, the end of the day turned up, nasdaq rebound. The Dow Jones Industrial Average closed up 44.80 points, or 0.15%, at 29,483.23. The S&P 500 ended up 14.10 points, or 0.39%, at 3,581.86. The Nasdaq Composite index closed up 101.10 points, or 0.86%, at 1,1902.71.

London (Marketwatch) – European shares closed lower on Thursday as investors digested positive news on the development of a new coVID-19 vaccine and renewed fears that a surge in confirmed coVID-19 cases will lead to more lockdowns. In Europe, the Stoxx 600 index closed down 2.94 points, or 0.75 percent, at 387.60. Travel and leisure stocks led the way, falling 1.7%; Germany’s DAX30 index closed down 115.73 points, or 0.88%, at 13086.16. Britain’s FTSE 100 index closed down 50.89 points, or 0.80%, at 6,334.35. France’s CAC40 index closed down 36.79 points, or 0.67 percent, at 5,474.66. In Europe, the Stoxx 50 index closed down 31.22 points, or 0.90%, at 3,450.95. Spain’s IBEX35 index closed down 45.50 points, or 0.57%, at 7936.00. Italy’s FTSE MIB index closed down 86.42 points, or 0.40 per cent, at 21,536.24.

Commodity markets

Spot gold closed at $1,866.76 an ounce in late U.S. trading, down $5.01, or 0.27 percent, after touching as high as $1,873.93 an ounce and as low as $1,852.59.

COMEX gold futures for December delivery closed down $12.4 at $1,861.50 an ounce.

Good news, although the new crown vaccine development progress but COVID – 19 confirmed cases worldwide in the surge has weakened the fuel demand, people want more and more of the world’s leading oil producer increased supply plan postponed, together with the international energy information agency cut oil demand is expected, the two oil futures on Thursday (19 November) failed to extended gains. U.S. WTI crude for December delivery ended down 8 cents, or 0.19 percent, at $41.74 a barrel after hitting an intraday low of $41.26. Brent crude for January delivery closed down 14 cents, or 0.31 percent, at $44.20 a barrel. U.S. Oil closed up 39 cents, or 0.94 percent, at $41.82 a barrel. Cloth oil closed up 59 cents, or 1.35 percent, at $44.34 a barrel.

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