Financial Markets Daily

In the currency market

Euro: EurUSD turned lower, closing down 0.03% at 1.1757. On the technical front, the initial resistance to the upward movement of the exchange rate is at 1.1781, further resistance is at 1.1806, and the key resistance is at 1.1830. The initial support is at 1.1732, further support is at 1.1707, and more critical support is at 1.1682.

Sterling: Rose for the second day in a row to close at $1.2939, up 0.17%. On the technical front, the initial resistance to the upward movement of the exchange rate is at 1.2971, further resistance is at 1.3010, and the key resistance is at 1.3051. The initial support is at 1.2892, further support is at 1.2851, and more critical support is at 1.2812.

Yen: USDJPY rose for the second day in a row to close at 106.00, up 0.03%. On the technical side, the initial resistance to the exchange rate upward is at 106.07, the further resistance is at 106.18, and the key resistance is at 106.26. Initial support for the lower exchange rate is at 105.88, further support is at 105.81, and more critical support is at 105.70.

The stock market

New York (Marketwatch) — U.S. stocks opened higher Thursday on hopes of another stimulus package from the Trump administration. The Dow turned down at one point in the session, then oscillated higher. The Dow Jones Industrial Average closed up 122.05 points, or 0.43%, at 28,425.51, its highest level in a month. The S&P 500 ended up 27.61 points, or 0.81%, at 3,447.06. The Nasdaq Composite index closed up 56.38 points, or 0.50%, at 11,420.98.

London (Marketwatch) – European shares closed higher on Thursday as global investors kept a close eye on ongoing discussions in the United States about an economic stimulus plan. The Pan-European Stoxx 600 index closed up 3.27 points, or 0.89%, at 368.72. Oil and gas stocks led the market higher, rising 1.8 per cent, while basic resources stocks fell 0.2 per cent. Germany’s DAX30 index closed up 113.64 points, or 0.88%, at 13042.21. Britain’s FTSE 100 closed up 31.78 points, or 0.53%, at 5,978.03. The CAC-40 index in France closed up 29.94 points, or 0.61%, at 4,911.94. The Euro Stoxx 50 index closed up 22.82 points, or 0.71%, at 3,256.25. Spain’s IBEX35 index closed up 81.90 points, or 1.19%, at 6992.00. Italy’s FTSE MIB index closed up 147.35 points, or 0.76%, at 19,582.43.

Commodity markets

Spot gold closed at $1,893.30 an ounce, up $7.50, or 0.40 percent, after hitting an intraday high of $1,900.30 an ounce and as low as $1,881.30.

COMEX Gold for December delivery closed up 0.2 percent at $1,895.10 an ounce.

Oil prices surged to their highest level in more than two weeks on Thursday as workers evacuated an offshore oil rig in the Gulf of Mexico ahead of Hurricane Delta and new U.S. sanctions were imposed on Iran. Brent crude for December delivery ended up $1.35, or 3.22 percent, at $43.34 a barrel. In the previous session, American Oil for November ended down 72 cents, or 1.77 percent, at $39.95 a barrel. Cloth closed down 66 cents, or 1.55 percent, at $41.99 a barrel.

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