Financial Markets Daily

In the currency market

Euro: The euro fell for the third day in a row, closing down 0.52% to $1.1706. Technically, the pivot point of the currency is at 1.1723, the initial resistance to its upward movement is at 1.1756, the further resistance is at 1.1806, and the key resistance is at 1.1839. Initial support for the lower exchange rate is at 1.1674, further support is at 1.1641, and more critical support is at 1.1591.

Sterling: Fell for the third day in a row, closing down 0.65% at $1.2729. Technically, the pivot point of the currency is at 1.2768, the initial resistance to its upward movement is at 1.2826, further resistance is at 1.2924, and the key resistance is at 1.2982. The initial support is at 1.2669, further support is at 1.2611, and more critical support is at 1.2512.

Jpy: DOLLAR/jPY rose for the second day in a row, closing up 0.27% at 104.92. Technically, the pivot point of the currency is at 104.79, the initial resistance to its upward movement is at 105.19, the further resistance is at 105.47, and the key resistance is at 105.86. Initial support for the lower exchange rate is at 104.51, further support is at 104.12, and more critical support is at 103.84.

The stock market

On Tuesday, technology stocks made another strong comeback, helping U.S. stocks rebound from the previous session’s sharp sell-off. The S&P 500 closed up 34.50 points, or 1.05 percent, at 3315.57. The Nasdaq led the market, closing up 184.80 points, or 1.71%, at 10,963.64. The Dow Jones Industrial Average closed up 140.50 points, or 0.52%, at 27288.18.

London (Marketwatch) – European stocks rose on Tuesday, trying to rebound from Monday’s losses caused by coronavirus fears and bank charges. The Pan-European Stoxx 600 index closed up 1.64 points, or 0.46%, at 358.46. Oil and gas stocks led the way, jumping 1.7 per cent, while insurance stocks fell 1.2 per cent. Germany’s DAX index closed up 51.95 points, or 0.41%, at 12,594.39. The FTSE 100 index closed up 25.17 points, or 0.43%, at 5,829.46. The CAC-40 index in France closed down 19.20 points, or 0.40%, at 4,772.84. Spain’s IBEX35 index closed down 43.70 points, or 0.65%, at 6,648.60. Italy’s FTSE closed up 102.24 points, or 0.54%, at 18,895.59. In Europe, the Stoxx 50 index closed up 4.10 points, or 0.13%, at 3,165.05.

Commodity markets

Spot gold closed at $1,898.81 an ounce, down $13.42, or 0.70 percent, from an intraday low of $1,894.52 an ounce to a high of $1,919.61.

COMEX gold futures for December delivery ended down 0.2 percent at $1,907.60 an ounce.

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