Financial Markets Daily

In the currency market

Euro: The euro rose against the dollar for the first time in seven days, closing 0.24% higher at 1.1803. Technically, the pivot point of the currency is at 1.1795, the initial resistance to the upward movement of the exchange rate is at 1.1838, further resistance is at 1.1877, and key resistance is at 1.1920. The initial support is at 1.1757, further support is at 1.1713, and more critical support is at 1.1675.

Sterling: Rose for the first time in three days, gaining 0.06% to $1.2992. Technically, the pivot point of the currency is at 1.2969, the initial resistance to the exchange rate upward is at 1.3054, further resistance is at 1.3108, and the key resistance is at 1.3193. The initial support is at 1.2916, further support is at 1.2830, and more critical support is at 1.2777.

Yen: Usd/JPY turned higher, closing up 0.18% at 106.21. Technically, the pivot point of the currency is at 106.07, the initial resistance to its upward movement is at 106.36, the further resistance is at 106.55, and the key resistance is at 106.84. Initial support for the lower exchange rate is at 105.88, further support is at 105.59, and more critical support is at 105.39.

The stock market

Wall Street closed sharply higher Wednesday, with technology stocks Posting their biggest one-day gain in about four months. The Dow Jones Industrial Average closed up 439.58 points, or 1.6%, at 27,940.47. The S&P 500 rose 2% to 3,398.96. The Nasdaq composite index rose 2.71% to 11,141.56. It was the S&P 500’s best day since June 5, when it rose 2.6%. The Nasdaq had its biggest one-day gain since April 29.

London (Marketwatch) – European stocks closed higher Wednesday as investors looked to shake off a sharp drop in U.S. technology stocks. Earlier this week, a plunge in U.S. technology stocks weighed on global financial markets. The Pan-European Stoxx 600 index closed up 5.90 points, or 1.62%, at 369.65. Among them, technology and telecommunications plate are up more than 2%. Tourism and leisure stocks bucked the trend, falling more than 0.5% as coVID-19 prevention and control measures resumed in some regions. Germany’s DAX index closed up 268.88 points, or 2.07 percent, at 13,237.21. Britain’s FTSE 100 index closed up 82.54 points, or 1.39%, at 6,012.84. The Cac-40 index in France closed up 69.46 points, or 1.40%, at 5,042.98. Spain’s IBEX35 index closed up 66.00 points, or 0.95%, at 7,021.00. Italy’s FTSE closed 391.14 points, or 2.02%, higher at 19,771.32. In Europe, the Stoxx 50 index closed up 57.58 points, or 1.76%, at 3,324.95.

Commodity markets

Spot gold closed at $1,946.12 an ounce, up $14.92, or 0.77 percent, after hitting an intraday high of $19,500.60 and a low of $1,919.76 an ounce.

COMEX Gold for December delivery ended up 0.6 percent at $194.90 an ounce.

Risk sentiment returned on Wednesday, with the oil market recovering. U.S. WTI crude futures for October delivery closed up $1.29, or 3.5%, at $38.05 a barrel. Brent crude for November delivery rose $1.01, or 2.5 percent, to $40.798 a barrel.

Leave a Reply

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