Financial Markets Daily

In the currency market

Euro: The euro fell against the dollar for the first time in five days, closing down 0.08% at $1.2257, up 1.17% for the week. Technically, the initial resistance is at 1.2300, further resistance is at 1.2413, and the key resistance is at 1.2500. The initial support for the lower exchange rate is at 1.2177, further support is at 1.2100, and more critical support is at 1.2000.

Sterling: Fell for the first time in five days against the dollar, closing down 0.66% at $1.3497, up 2.07 percent on the week. Technically, the initial resistance is at 1.3622, further resistance is at 1.3730, and the key resistance is at 1.3810. Initial support for the lower exchange rate is at 1.3400, further support at 1.3310, and more critical support at 1.3210.

Yen: The dollar rose for the first time in six days to end up 0.23% at 103.31 yen, down 0.7% on the week. Technically, the initial resistance to the exchange rate upward is at 103.70, further resistance is at 104.30, and the key resistance is at 105.00. Initial support for the lower exchange rate is at 103.10, further support is at 102.80, and more critical support is at 102.00.

The stock market

With congress still not agreeing on a new bailout plan on Friday, the administration will approve Moderna’s COVID-19 vaccine in a few hours, following Trump’s tweet that Moderna’s vaccine has been approved. New York (AP) — Stocks opened slightly higher and continued to come under pressure as the Dow Jones Industrial Average extended losses to more than 200 points at one point. The Dow closed down 124.30 points, or 0.41%, at 30179.05. The S&P 500 closed down 13.10 points, or 0.35%, at 3,709.41. The Nasdaq closed down 9.10 points, or 0.07%, at 12,755.64.

London (Marketwire) – European stocks ended lower on Friday after British and European leaders expressed pessimism about the prospects for a post-Brexit trade deal. The Pan-European Stoxx 600 index closed down 1.38 points, or 0.35%, at 395.90. Retail stocks led the way, falling 1.8%, while telecommunications stocks rose more than 0.2%. Germany’s DAX30 index closed down 36.74 points, or 0.27%, at 13630.51. Britain’s FTSE 100 index closed down 21.88 points, or 0.33%, at 6,529.18. France’s CAC-40 index closed down 21.62 points, or 0.39%, at 5,527.84. In Europe, the Stoxx 50 index closed down 15.72 points, or 0.44 percent, at 3545.15. Spain’s IBEX35 index closed down 115.40 points, or 1.42%, at 8,038.00. Italy’s FTSE MIB index closed down 35.95 points, or 0.16%, at 2,1976.12.

Commodity markets

Spot gold closed at $1,881.20 an ounce, down $4.07, or 0.22 percent, from an intraday low of $1,877.31 to a high of $1,889.60.

COMEX gold futures for February delivery ended down 0.1 percent at $1,888.90 an ounce, up about 2.5 percent for the week.

Two major crude oil futures extended this week’s gains on Friday. U.S. WTI crude for January delivery closed up 74 cents, or 1.53 percent, at $49.10 a barrel, its highest level since late February. Brent crude for February delivery ended up 76 cents, or 1.47 percent, at $52.26 a barrel. For the week, U.S. oil finished up 5.43% and U.S. oil up 4.58%.

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