Financial Markets Daily

In the currency market

Euro: The euro fell against the dollar for a second day, closing down 0.27% at 1.1816. Technically, the pivot point of the currency is at 1.1827, the initial resistance to its upward movement is at 1.1868, further resistance is at 1.1923, and the key resistance is at 1.1964. Initial support for the lower exchange rate is at 1.1773, further support is at 1.1732 and more critical support is at 1.1677.

Sterling: Rose for the third day in a row to close 0.61% higher at 1.2963. Technically, the pivot point of the currency is at 1.2948, the initial resistance to the exchange rate upward is at 1.3023, further resistance is at 1.3081, and the key resistance is at 1.3155. The initial support is at 1.2890, further support is at 1.2816, and more critical support is at 1.2758.

Yen: Usd/JPY fell for the third day in a row to close at 104.95, down 0.46%. Technically, the pivot point of the currency is at 105.04, the initial resistance to its upward movement is at 105.28, the further resistance is at 105.67, and the key resistance is at 105.92. Initial support for the lower exchange rate is at 104.65, further support is at 104.40, and more critical support is at 104.01.

The stock market

The U.S. Stock market was mixed on Wednesday (September 16), with the Dow Jones Industrial Average gaining 36.78 points, or 0.1%, to close at 28,032.38. The S&P 500 fell 0.5% to 3,385.49. The Nasdaq Composite index fell 1.3% to 11,050.47.

London (Marketwatch) – European stocks closed higher on Wednesday as investors awaited the outcome of a two-day meeting of the Federal Reserve. The Pan-European Stoxx 600 index closed up 2.17 points, or 0.58%, at 370.69. Mining led the way with a 1.3 per cent gain, while autos fell 0.3 per cent. Germany’s DAX index closed up 31.73 points, or 0.24%, at 13,249.40. Britain’s FTSE 100 index closed down 25.36 points, or 0.42%, at 6080.18. France’s CAC-40 index closed up 6.49 points, or 0.13%, at 5,074.42. Spain’s IBEX35 index closed up 67.00 points, or 0.95%, at 7,103.00. Italy’s FTSE closed 0.55 points, or 0.00%, higher at 19,957.50. In Europe, the Stoxx 50 index closed up 3.69 points, or 0.11%, at 3335.95.

Commodity markets

Spot gold closed at $1958.69 an ounce, up $5.08, or 0.08 percent, after touching an intraday low of $1,949.51 an ounce and an intraday high of $1973.30.

COMEX gold futures for December delivery closed up 0.2 percent at $1,970.50 an ounce.

Oil prices extended gains on Wednesday after data from the U.S. Energy Information Administration showed an unexpectedly large drop in U.S. crude inventories and hurricane Sally curtailed oil production in the Gulf of Mexico. Brent crude for November delivery ended up $1.69, or 4.2 percent, at $42.22 a barrel.

Leave a Reply

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