Financial Markets Daily

In the currency market

Euro: EurUSD turned higher, closing 0.18% higher at 1.1859. Technically, the pivot point of the currency is at 1.1843, the initial resistance to its upward movement is at 1.1884, further resistance is at 1.1910, and the key resistance is at 1.1951. The initial support is at 1.1817, the further support is at 1.1776, and the more critical support is at 1.1750.

Sterling: Sterling turned higher against the DOLLAR, gaining 0.90% to close at 1.3211. Technically, the pivot point of the currency is at 1.3167, the initial resistance to its upward movement is at 1.3271, the further resistance is at 1.3328, and the key resistance is at 1.3431. The initial support is at 1.3110, further support is at 1.3007, and more critical support is at 1.2950.

Yen: Usd/JPY turned lower, closing down 0.34% at 105.75. Technically, the pivot point of the currency is at 105.91, the initial resistance to its upward movement is at 106.08, the further resistance is at 106.38, and the key resistance is at 106.55. Initial support for the lower exchange rate is at 105.60, further support is at 105.43, and more critical support is at 105.13.

The stock market

The Dow Jones Industrial Average rose 46.85 points, or 0.1%, to 27,739.73, snapping a three-day losing streak, as a broad rally in major technology stocks offset disappointing unemployment data. The S&P 500 rose 0.3%, or 10.66, to 3,385.51. The Nasdaq Composite index rose 118.49 points, or 1%, to 11,264.95, a record high.

London (Marketwatch) – European stocks ended lower on Thursday after the Federal Reserve sounded a pessimistic note about the outlook for the region’s economic recovery. In Europe, the Stoxx 600 index closed down 150.28 points, or 1.16 percent, at 12,827.05. Basic resources led the way, falling 2.9%. Germany’s DAX index closed down 150.28 points, or 1.16%, at 12,827.05. Britain’s FTSE 100 index closed down 95.82 points, or 1.57%, at 6016.16. The CAC40 index in France closed down 65.99 points, or 1.33 percent, at 4911.24. Spain’s IBEX35 index closed down 97.30 points, or 1.37%, at 6,997.00. Italy’s FTSE index closed down 274.90 points, or 1.37%, at 19,780.50. In Europe, the Stoxx 50 index closed down 42.77 points, or 1.29%, at 3,274.85.

Commodity markets

Spot gold closed at $1,946.49 an ounce, up $17.78, or 0.92 percent. On the day, spot gold hit as high as $195.10 an ounce and as low as $1924.47, a move of more than $30.

COMEX gold for December delivery ended down 1.21 percent at $1,946.50 an ounce.

Oil prices extended their decline on Thursday after a surprise increase in U.S. jobless claims and Opec + said it needed to compensate for more than 2 million barrels a day of excess supply. U.S. WTI crude for October delivery closed down 35 cents, or 0.81 percent, at $42.76 a barrel. Brent crude for October delivery fell 49 cents, or 1.08 percent, to $44.88 a barrel.

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