In the currency market
Euro: The euro fell against the dollar for the first time in three days, closing down 0.03 percent at 1.1910. Technically, the initial resistance to the upward movement of the exchange rate is at 1.1940, further resistance is at 1.1969, and the key resistance is at 1.1997. Initial support for the lower exchange rate is at 1.1884, further support is at 1.1856, and more critical support is at 1.1827.
Sterling: The pound fell against the dollar for the first time in five days, closing down 0.20% at 1.3351. Technically, the initial resistance is at 1.3365, further resistance is at 1.3410, and the key resistance is at 1.3460. Initial support for the lower exchange rate is at 1.3290, further support at 1.3250, and more critical support at 1.3205.
Yen: Usd/JPY turned lower, closing down 0.19% at 104.23. Technically, the initial resistance to the exchange rate upward is at 104.65, further resistance is at 105.00, and the key resistance is at 105.40. Initial support for the lower exchange rate is at 103.95, further support is at 103.50, and more critical support is at 103.15.
The stock market
U.S. financial markets were closed for the Thanksgiving holiday on Thursday, with trading volume low and European stocks little changed. In Europe, the Stoxx 600 index closed 0.46 points, or 0.12 percent, lower at 393.63. Germany’s DAX30 index closed down 3.23 points, or 0.02%, at 13,286.57. Britain’s FTSE 100 index closed down 28.16 points, or 0.44%, at 6,362.93. France’s CAC-40 index closed down 4.50 points, or 0.08%, at 5,566.79. The Euro Stoxx 50 index closed up 0.15 points, or 0.00%, at 3,512.05. Spain’s IBEX35 index closed down 59.70 points, or 0.73 percent, at 8,105.00. Italy’s FTSE MIB index closed down 102.14 points, or 0.46%, at 22201.44.
In late U.S. trade, spot gold closed at $1,808.05 an ounce, up 64 cents, or 0.04 percent, from an intraday high of $1,817.85 and a low of $1,805.76.
Trading was light on Thursday, the US Thanksgiving Day. On Germany’s chancellor, Angela Merkel, public speaking, for the current epidemic situation and released more worries, suggesting that the blockade measures may continue to Christmas during the New Year holiday, which previously from the vaccine development process optimism optimism tend to fade, Brent crude oil futures on Thursday (Nov. 26) over the previous four days even higher. Brent crude for January delivery closed down 81 cents, or 1.66 percent, at $47.80 a barrel at press time. In the previous session, cloth oil closed up 75 cents, or 1.57 percent, at $48.61 a barrel.