Financial markets daily

In the currency market

EUR: The euro rose for a third straight day against the dollar to close at 1.2120, up 0.64%. Technically, initial upside resistance stands at 1.2145, further resistance at 1.2173, key resistance at 1.2224; Initial downside support at 1.2066, further support at 1.2015 and more critical support at 1.1988.

GBP: Sterling rose for a fourth straight day against the dollar to close at 1.3816, up 0.60%. Technically, initial upside resistance stands at 1.3846, further resistance at 1.3878, key resistance at 1.3935; Initial downside support stands at 1.3756, further support at 1.3699 and more critical support at 1.3667.

JPY: USD/JPY fell for the third day in a row to 104.56, down 0.64%. Technically, initial upside resistance stands at 105.06, further resistance at 105.54, key resistance at 105.83; Initial downside support at 104.29, further support at 104.01 and more critical support at 103.52.

The stock market

U.S. stocks were mixed on Tuesday. The Dow closed down 9.93 points, or 0.03%, at 31,375.83, its first loss in seven sessions. The S&P 500 eased slightly from its all-time high, falling 4.36 points, or 0.11 percent, to 3,911.23, ending a six-session winning streak. The Nasdaq reversed losses late in the day to close up 0.14 per cent at a record close of 14, 007.70.

LONDON (Marketplace) — European stock markets closed mixed on Tuesday as the mood in global equity markets that hit record highs appeared to be cooling. The pan-European Stoxx 600 index ended down 0.36 point, or 0.09 percent, at 410.42. Germany’s DAX30 index closed down 48.11 points, or 0.34%, at 14,011.80. The FTSE 100 index ended up 8.03 points, or 0.12%, at 6,531.56. The French cac 40 index closed up 5.51 points, or 0.10%, at 5691.54. Italy’s FTSE MIB index closed down 125.43 points, or 0.54 per cent, at 23,300.49. The weakness in Europe followed a global rally on Monday, with US stocks hitting record highs.

Commodity markets

In late afternoon trading, spot gold was up $7.51, or 0.41 percent, at $1,838.17 an ounce, after hitting a high of $1,848.51 an ounce since Feb. 2 and a low of $1,828.80.

COMEX gold for April delivery ended up 0.2 percent at $1,837.50 an ounce.

U.S. WTI crude for March delivery settled up 39 cents, or 0.67 percent, at $58.36 a barrel. Brent crude for April delivery ended up 53 cents, or 0.87 percent, at $61.09 a barrel. U.S. oil rose $1.12, or 1.97 percent, to close at $57.97 a barrel. Cloth oil ended up $1.22, or 2.05 percent, at $60.56 a barrel.

Leave a Reply

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