In the currency market
Euro: EurUSD turned lower, closing 0.15% lower at 1.1856, up 0.26% on the week. Technically, the initial resistance to the exchange rate upward is at 1.1910, further resistance is at 1.1960, and the key resistance is at 1.2011. Initial support for the lower exchange rate is at 1.1745, further support is at 1.1640, and more critical support is at 1.1600.
Sterling: GBP/USD turned higher, closing 0.20% higher at 1.3287, up 0.74% for the week. Technically, the initial resistance to the exchange rate upward is at 1.3310, further resistance is at 1.3360 and key resistance is at 1.3400. Initial support for the lower exchange rate is at 1.3180, further support at 1.3100, and more critical support at 1.2860.
Yen: Dollar/jPY rose for the first time in seven days, closing up 0.09% at 103.81, down 0.74% for the week. Technically, the initial resistance to the exchange rate upward is at 104.60, further resistance is at 105.00, and key resistance is at 105.45. Initial support for the lower exchange rate is at 103.55, further support is at 103.30, and more critical support is at 103.00.
The stock market
Stocks fell across the board on Friday as persistent high levels of confirmed COVID-19 cases in the United States and questions over federal Reserve funding for key emergency programs raised doubts about the economy’s ability to recover quickly. The Dow Jones Industrial Average closed down 219.80 points, or 0.75%, at 29263.48. The S&P 500 ended down 24.30 points, or 0.68%, at 3557.55. The Nasdaq Composite index closed down 49.70 points, or 0.42%, at 11,854.97. For the week, the Dow closed down 0.7%, the Nasdaq rose 0.2% and the S&P 500 fell 0.8%.
European stocks closed higher on Friday as positive news on the new coVID-19 vaccine continued to cheer the market and the U.S. Treasury Department decided to step up efforts to help the epidemic. In Europe, the Stoxx 600 index closed up 2.01 points, or 0.52%, at 389.61. Oil and gas stocks led the way, rising 1.5%. Germany’s DAX30 index closed up 51.09 points, or 0.39%, at 13,137.25. The FTSE 100 index closed up 17.10 points, or 0.27%, at 6,351.45. France’s CAC-40 index closed up 21.23 points, or 0.39%, at 5,495.89. The Euro Stoxx 50 index closed up 16.78 points, or 0.49%, at 3,468.75. Spain’s IBEX35 index closed up 48.80 points, or 0.62%, at 7,979.00. Italy’s FTSE MIB index closed up 170.72 points, or 0.79%, at 217,06.96.
Spot gold closed at $1,870.84 an ounce, up $4.45, or 0.24 percent, after touching as high as $1,879.66 an ounce and as low as $1,860.70 an ounce. This week, spot gold fell $18.21, or 0.96 percent.
COMEX Gold futures for December delivery closed up 0.6 percent at $1,872.40 an ounce, down about 0.7 percent on the week.
Effective vaccine hope and Opec + this week are expected to continue production factors, such as supporting the oil prices, coupled with the us Treasury secretary, Mr. Qin said, continue to support the economy, the Treasury and the fed have enough ammunition talks on the stimulus will continue, two oil futures on Friday, November 20) from the previous session’s losses in the rebound. U.S. WTI crude for December delivery closed up 41 cents, or 0.98 percent, at $42.15 a barrel after hitting an intraday high of $41.54. Brent crude for January delivery ended up 76 cents, or 1.72 percent, at $44.96 a barrel. For the week, U.S. oil finished up 5.03 percent and U.S. oil finished up 5.09 percent.