Financial Markets Daily

In the currency market

Euro: EurUSD turned higher, closing 0.41% higher at $1.1963. Technically, the initial resistance to the exchange rate upward is at 1.1980, further resistance is at 1.2011, and the key resistance is at 1.2100. The initial support is at 1.1880, further support is at 1.1790, and more critical support is at 1.1700.

Sterling: Fell for the second day in a row, closing down 0.32 per cent at 1.3312. Technically, the initial resistance is at 1.3397, the further resistance is at 1.3495 and the key resistance is at 1.3510. The initial support is at 1.3275, further support is at 1.3180, and more critical support is at 1.3100.

Yen: USD/JPY fell for the second day in a row to close at 104.05, down 0.16%. 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 103.75, further support is at 103.55, and more critical support is at 103.30.

The stock market

The Dow Jones Industrial Average closed up 37.90 points, or 0.13%, at 29910.37. The S&P 500 rose 8.7 points, or 0.24%, to 3,638.3. The Nasdaq Composite index closed up 111.44 points, or 0.92 percent, at 12,205.85.

London (Marketwatch) – European stocks ended slightly higher in light trading on Friday as investors closely watched news on vaccines and the latest data from China. The Pan-European Stoxx 600 index closed up 1.60 points, or 0.41%, at 393.23. For the week, the index is up 0.5%; Germany’s DAX30 index closed up 49.11 points, or 0.37%, at 13,335.68. The FTSE 100 index closed up 4.65 points, or 0.07%, at 6,367.58. France’s CAC-40 index closed up 31.39 points, or 0.56%, at 5,598.18. The Euro Stoxx 50 index closed up 19.11 points, or 0.54%, at 3,530.05. Spain’s IBEX35 index closed up 71.40 points, or 0.88%, at 8,176.00. Italy’s FTSE MIB index closed up 151.02 points, or 0.68%, at 22,352.46.

Commodity markets

In late U.S. trade, spot gold closed at $1,786.13 an ounce, down $21.92, or 1.21 percent, after touching as high as $1,813.76 an ounce and as low as $1,774.00 an ounce. Spot gold fell $84.71, or 4.53 per cent, this week.

Gold for February 2021, the most actively traded contract on the Comex futures market, fell $23.10, or 1.28 percent, to settle at $1,788.10 an ounce on Monday.

U.S. WTI crude for January delivery ended down 18 cents, or 0.39 percent, at $45.53 a barrel at press time, snapping a four-week winning streak after hitting an intraday low of $44.55 a barrel. Brent crude for February delivery closed up 38 cents, or 0.79 percent, at $48.18 a barrel, the seventh consecutive day of gains and a 7.16 percent gain for the week.

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