Financial Markets Daily

In the currency market

Euro: EurUSD turned lower, closing down 0.08% at 1.1837. Technically, the pivot point of the currency is at 1.1813, the initial resistance to the upward movement of the exchange rate is at 1.1887, further resistance is at 1.1928, and the key resistance is at 1.2002. The initial support for the lower exchange rate is at 1.1772, further support is at 1.1698, and more critical support is at 1.1657.

Sterling: Fell against the DOLLAR for the first time in five days, closing 0.44 per cent lower at 1.2915. Technically, the pivot point of the currency is at 1.2945, the initial resistance to the upward movement of the exchange rate is at 1.3026, further resistance is at 1.3079, and the key resistance is at 1.3160. The initial support is at 1.2892, further support is at 1.2811, and more critical support is at 1.2758.

Yen: Usd/JPY fell for the fifth day in a row, closing down 0.17% at 104.55. Technically, the pivot point of the currency is at 104.81, the initial resistance to the upward movement of the exchange rate is at 105.10, further resistance is at 105.46, and the key resistance is at 105.75. Initial support for the lower exchange rate is at 104.45, further support is at 104.16, and more critical support is at 103.80.

The stock market

London (Marketwatch) – European stocks fell on Friday as investors closely watched the continent for new cases of coronavirus and prospects for economic recovery. The Pan-European Stoxx 600 index closed down 2.45 points, or 0.66%, at 368.78. Travel and leisure stocks led the way, falling more than 3.4%, while health care stocks rose 0.5%. Germany’s DAX index closed down 91.87 points, or 0.7%, at 13,116.25. Britain’s FTSE 100 index closed down 42.87 points, or 0.71%, at 6007.05. The CAC40 index in France closed down 61.32 points, or 1.22%, at 4,978.18. Spain’s IBEX35 index closed down 156.40 points, or 2.21%, at 6,929.80. Italy’s FTSE index closed down 214.79 points, or 1.09%, at 19,524.94. In Europe, the Stoxx 50 index closed down 23.48 points, or 0.71 percent, at 3,293.09.

The Dow Jones Industrial Average fell 244.56 points, or 0.9%, to 27657.42, ending a tumultuous week as big technology companies continued to face selling pressure. The S&P 500 fell 1.1% to its lowest level this month at 3,319.47, down 0.7% for the week. The Nasdaq Composite index fell 1.1% to 10,793.28, down 0.6% for the week. The three major indexes fell for a third straight week, their longest losing streak since last year.

Commodity markets

Spot gold closed at $1,949.72 an ounce, up $5.91, or 0.30 percent, after touching an intraday low of $1,941.20 an ounce and an intraday high of $19,99.80. Spot gold was up $10.03, or 0.52 percent, this week.

COMEX Gold for December delivery ended up 0.6 percent at $1962.10 an ounce, up 0.7 percent on the week.

By Opec clamor for the compliance to heat up again, U.S. crude oil inventories continued to decline, and traders are more interested in the output of Opec and its Allies commitment constraints, rather than a major oil exporter Libya increased supply after a peace deal, the prospect of oil prices on Friday, September 18, closed or mutual now: the United States in October WTI crude oil futures closed up 14 cents, or 0.34%, to $41.11 a barrel. Brent crude for November delivery ended down 15 cents, or 0.35 percent, at $43.15 a barrel. For the week, WTI was up $3.78, or 10.1%. Cloth oil is up to $3.32, or 8.3%, for the week.

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