Financial Markets Daily

In the currency market

Euro: EurUSD gained for the fourth day in a row to close at 1.1863, up 0.15%. Technically, the pivot point of the currency is at 1.1860, the initial resistance to the upward movement of the exchange rate is at 1.1889, further resistance is at 1.1916, and the key resistance is at 1.1945. The initial support is at 1.1832, the further support is at 1.1803, and the more critical support is at 1.1776.

Sterling: The pound rose against the DOLLAR for the first time in three days, gaining 0.39% to close at 1.2844. Technically, the pivot point of the currency is at 1.2843, the initial resistance to its upward movement is at 1.2917, further resistance is at 1.2992, and the key resistance is at 1.3066. Initial support for the lower exchange rate is at 1.2767, further support at 1.2693, and more critical support at 1.2617.

Yen: Usd/JPY turned lower, closing down 0.41% at 105.72. Technically, the pivot point of the currency is at 105.80, the initial resistance to its upward movement is at 106.06, the further resistance is at 106.42, and the key resistance is at 106.68. The initial support for the lower exchange rate is at 105.44, the further support is at 105.18, and the more critical support is at 104.82.

The stock market

London (Marketwatch) – European stocks closed volatile on Monday. The Pan-European Stoxx 600 index closed up 0.55 points, or 0.15%, at 368.51. Travel and leisure stocks rose more than 2 percent, while oil and gas stocks fell about 1.2 percent. Germany’s DAX index closed down 9.18 points, or 0.07 percent, at 13,193.66. Britain’s FTSE 100 index closed down 5.84 points, or 0.10%, at 6,026.25. The Cac-40 index in France closed up 17.74 points, or 0.35%, at 5,051.88. Spain’s IBEX35 index closed up 11.80 points, or 0.17%, at 6,955.00. Italy’s FTSE index closed down 26.95 points, or 0.14%, at 19,793.80. In Europe, the Stoxx 50 index closed up 2.64 points, or 0.08 percent, at 3,318.45.

On Monday (Sept. 14), a spate of corporate developments and optimism about the Novel Coronavirus vaccine set off a broad rally: the Dow Jones Industrial Average closed up 327.69 points, or 1.2%, at 27993.33. The S&P 500 rose 42.57 points, or 1.3 percent, to 3,383.54. The Nasdaq Composite index rose 1.9%, or 203.11 points, to 11,056.65.

Commodity markets

Spot gold closed at $1955.20 an ounce, up $15.51, or 0.80 percent, after touching an intraday low of $1936.79 and a high of $1962.20.

Gold futures for December delivery on the COMEX rose 0.8 percent to $1963.70 an ounce.

Oil prices closed slightly lower on Monday ahead of a meeting of Opec + ministers on Thursday to discuss whether to comply with steep production cuts. U.S. WTI crude for October delivery closed down 6 cents at $37.26 a barrel. Brent crude for November delivery was down 22 cents at $39.61 a barrel. Last week, WTI crude fell 6.1% and cloth oil fell 6.6%.

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