In the currency market
Euro: EurUSD turned lower, closing down 0.54% at $1.1795. Technically, the initial resistance to the upward movement of the exchange rate is 1.1885, the further resistance is 1.1910, and the key resistance is 1.1952. Initial support for the lower exchange rate is at 1.1777, further support at 1.1752, and more critical support at 1.1735.
Sterling: Sterling turned lower against the DOLLAR, closing down 0.94% at 1.3087. Technically, the initial resistance to the exchange rate upward is at 1.3271, the further resistance is at 1.3328, and the key resistance is at 1.3431. The initial support is at 1.3007, the further support is at 1.2950, and the more critical support is at 1.2742.
Yen: UsdJPY turned higher, closing up 0.03% at 105.78. Technically, the initial resistance to the exchange rate upward is at 106.10, further resistance is at 106.39, and the key resistance is at 106.57. The initial support for the lower exchange rate is at 105.63, further support is at 105.45, and more critical support is at 105.16.
The stock market
New York (Ap) — Stocks rose broadly on Friday, ending a week of record highs, buoyed by strong U.S. economic data. The Dow Jones Industrial Average closed up 190.6 points, or about 0.7%, at 27,930.33. The S&P 500 rose 0.34% to a new closing high of 3,397.16. The nasdaq composite index rose 0.4% to 11,311.80, also brushing off its record high. The Dow is flat for the week, with the NASDAQ up 2.65 percent and the S&P 500 up 0.72 percent.
London (Marketwatch) – European stocks closed lower on Friday as investors focused on disappointing euro zone economic data and geopolitical tensions. In Europe, the Stoxx 600 index closed 0.55 points, or 0.15%, lower at 365.09. Germany’s DAX index closed down 65.20 points, or 0.51%, at 12,764.80. Britain’s FTSE 100 index closed down 11.45 points, or 0.19%, at 6001.89. The Cac-40 index in France closed down 14.91 points, or 0.30%, at 4896.33. Spain’s IBEX35 index closed down 21.30 points, or 0.30%, at 6,972.00. Italy’s FTSE index closed down 71.53 points, or 0.36%, at 19,695.43. In Europe, the Stoxx 50 index closed down 16.33 points, or 0.50%, at 3,257.65.
Spot gold closed at $1,939.42 an ounce, down $7.07, or 0.36 percent. On the day, spot gold hit as high as $1955.70 an ounce and as low as $1911.00, a move of more than $40.
COMEX gold for December delivery ended up 50 cents at $19,47.00 an ounce.
Oil prices continued their decline on Friday as U.S. drillers continued to increase production amid a gloomy demand outlook amid the covid-19 pandemic. U.S. WTI crude for October delivery closed down 48 cents, or 1.1%, at $42.34 a barrel. Brent crude for October delivery fell 55 cents, or 1.2 percent, to $44.35 a barrel. WTI oil prices are up 0.8 per cent so far this week, while cloth prices are down 1 per cent.