Financial Markets Daily

In the currency market

Euro: The euro rose for the second day in a row to close at $1.1742, up 0.67%. Technically, the pivot point of the currency is at 1.1716, the initial resistance to its upward movement is at 1.1772, further resistance is at 1.1801, and the key resistance is at 1.1857. Initial support for the lower exchange rate is at 1.1687, further support is at 1.1631, and more critical support is at 1.1601.

Sterling: Rose for the second day in a row to end at 1.2860, up 0.21%. Technically, the pivot point of the currency is at 1.2859, the initial resistance to its upward movement is at 1.2896, further resistance is at 1.2939, and the key resistance is at 1.2977. The initial support is at 1.2815, further support is at 1.2778, and more critical support is at 1.2734.

Jpy: UsdJPY turned higher, closing up 0.13% at 105.64. Technically, the pivot point of the currency is at 105.55, the initial resistance to the upward movement of the exchange rate is at 105.78, further resistance is at 105.95, and the key resistance is at 106.18. Initial support for the lower exchange rate is at 105.38, further support is at 105.16, and more critical support is at 104.98.

The stock market

London (Marketwatch) – European stocks fell Tuesday as investors focused on Brexit talks and the first presidential debate in the U.S. election. The Pan-European Stoxx 600 index closed down 1.90 points, or 0.52 percent, at 361.49. Germany’s DAX index closed down 45.05 points, or 0.35%, at 12,825.82. Britain’s FTSE 100 index closed 30.43 points, or 0.51% lower, at 5897.50. The Cac-40 index in France closed down 11.20 points, or 0.23%, at 4,832.07. Italy’s FTSE closed up 98.92 points, or 0.52%, at 19,061.18.

The Dow Jones Industrial Average (DJIA) fell more than 200 points on Tuesday as the market waited to see how a new round of stimulus talks and the first presidential debate would play out. At the close, the Dow Jones Industrial Average was down 131.40 points, or 0.48%, at 27452.66. The S&P 500 closed down 16.10 points, or 0.48%, at 3335.47. The Nasdaq Composite index closed down 32.30 points, or 0.29%, at 11,085.25.

Commodity markets

Spot gold closed at $1,896.51 an ounce, up 16.30 dollars, or 0.87 percent, after touching an intraday low of $1,875.08 and a high of $1,898.70.

COMEX gold for December delivery ended up 1.11 percent at $1903.2 an ounce.

Oil prices took a beating on Tuesday as demand concerns over the covid-19 pandemic overshadowed hopes for a new U.S. economic stimulus package. November WTI crude ended down $1.31, or 3.27 percent, at $39.29 a barrel from an intraday low of $38.41. Brent crude for December delivery ended down $1.40, or 3.30 percent, at $41.03 a barrel.

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