Financial Markets Daily

In the currency market

Euro: Rose for the second day in a row, closing 0.20% higher at $1.1912. On the technical level, the initial resistance to the exchange rate upward is at 1.1936, the further resistance is at 1.1957, and the key resistance is at 1.1985. The initial support is at 1.1887, further support is at 1.1860, and more critical support is at 1.1839.

Sterling: rose for the fourth day in a row to end at 1.3385, up 0.22%. Technically, the initial resistance is at 1.3418, the further resistance is at 1.3451 and the key resistance is at 1.3508. Initial support for the lower exchange rate is at 1.3328, further support is at 1.3271, and more critical support is at 1.3238.

Yen: UsdJPY turned higher, closing up 0.02% at 104.43. Technically, the initial resistance to the exchange rate upward is at 104.60, further resistance is at 104.77, and key resistance is at 104.95. Initial support for the lower exchange rate is at 104.25, further support is at 104.08, and more critical support is at 103.90.

The stock market

After hitting a record high of 30,000 yesterday, the Dow Jones Industrial average fell on a day of generally low trading volumes ahead of Thanksgiving. The Dow Closed down 173.80 points, or 0.58%, at 29872.47. The S&P 500 closed down 5.80 points, or 0.16%, at 3,629.63. The Nasdaq Composite Index closed up 57.60 points, or 0.48%, at 12,094.40.

London (Marketwatch) – European stocks were mixed on Wednesday despite growing political clarity in the United States and investors digesting positive news from major pharmaceutical companies on the coVID-19 vaccine. The Pan-European Stoxx 600 index ended down 0.22 points, or 0.06%, at 392.17. Oil and gas stocks led the way, falling 2.1%, while telecommunications stocks rose 1.1%. Germany’s DAX30 index closed up 2.64 points, or 0.02%, at 13,289.80. Britain’s FTSE 100 index closed down 41.08 points, or 0.64%, at 6391.09. The CAC-40 index in France closed up 12.87 points, or 0.23%, at 5,571.29. The Euro Stoxx 50 index closed up 5.47 points, or 0.16%, at 3,513.45. Spain’s IBEX35 index closed up 22.80 points, or 0.28%, at 8,166.00. Italy’s FTSE MIB index closed up 158.52 points, or 0.72%, at 22,303.58.

Commodity markets

Spot gold closed at $1,807.73 an ounce in late U.S. trading, up 29 cents, or 0.02 percent, after touching as high as $1,817.59 an ounce and as low as $1,801.55.

COMEX gold for December delivery ended up less than 0.1 percent at $1,805.50 an ounce.

Oil futures extended gains on Wednesday after nearly two weeks of news of an effective vaccine and data from the U.S. Energy Information Administration showed U.S. crude oil inventories unexpectedly fell short of expectations last week. U.S. WTI crude for January delivery closed up 80 cents, or 1.78 percent, at $45.71 a barrel after hitting an intraday high of $46.26, its highest level since March 5. Brent crude for January delivery ended up 75 cents, or 1.57 percent, at $48.61 a barrel. Earlier in the session, U.S. Oil closed up $1.85, or 4.29 percent, at $44.91 a barrel. Cloth oil closed up $1.80, or 3.91 percent, at $47.86 a barrel.

Leave a Reply

Your email address will not be published. Required fields are marked *