In the currency market
Euro: EurUSD turned lower, closing down 0.11% at 1.1811, up 0.95% for the week. Technically, the initial resistance to the upward movement of the exchange rate is at 1.1830, further resistance is at 1.1848, and the key resistance is at 1.1870. The initial support is at 1.1789, further support is at 1.1767, and more critical support is at 1.1749.
Sterling: GBP/USD rose for the fourth day in a row, closing 0.12% higher at 1.3062, up 0.89% for the week. Technically, the initial resistance to the exchange rate upward is at 1.3093, further resistance is at 1.3126, and the key resistance is at 1.3170. The initial support is at 1.3015, further support is at 1.2970, and more critical support is at 1.2937.
Jpy: Dollar/jPY fell for a second day, closing down 0.26% at 105.32, up 0.25% for the week. Technically, the initial resistance to the exchange rate upward is at 105.68, further resistance is at 106.04, and the key resistance is at 106.26. Initial support for the lower exchange rate is at 105.10, further support is at 104.87, and more critical support is at 104.52.
The stock market
New York (Ap) — The Dow Jones Industrial Average (DJIA) rose nearly 100 points on Monday as markets continued to rally on hopes of progress in talks on a new round of fiscal stimulus measures. The Dow Jones Industrial Average rose more than 1.2% during the session before closing up 250.60 points, or 0.88%, at 28837.52. The S&P 500 ended up 57.10 points, or 1.64%, at 3534.22. The Nasdaq Composite index closed up 296.30 points, or 2.56%, for its biggest one-day gain since Sept. 9, at 11,876.26.
Investors are still keeping a close eye on the latest developments in the U.S. Coronavirus stimulus bill, and the coVID-19 rally around the world has been widely watched, with European stocks closing mixed on Monday. The Pan-European Stoxx 600 index closed up 2.84 points, or 0.77%, at 373.19. Among them, auto, household goods, technology and utilities and other sectors are up more than 1%; Germany’s DAX30 index closed up 87.18 points, or 0.67%, at 13,138.41. Britain’s FTSE 100 index closed down 15.27 points, or 0.25 percent, at 6001.38. France’s CAC-40 index closed up 32.48 points, or 0.66%, at 4,979.29. The Stoxx 50 index in Europe closed up 25.23 points, or 0.77%, at 3,298.35. Spain’s IBEX35 index closed up 0.10 points, or 0.00%, at 6,951.00. Italy’s FTSE MIB index closed up 123.39 points, or 0.63%, at 19,718.77.
Spot gold closed at $1,921.98 an ounce, down $7.01, or 0.36 percent, after hitting an intraday high of $1,933.00 an ounce, its highest level since September 21, and a low of $1,917.60 an ounce. Last week, spot gold was up $30.59, or 1.61 percent.
Gold futures for December delivery on the COMEX rose 0.1 percent to $1,928.90 an ounce.
On October 12, Monday (), because of the hurricane “delta” weakened after U.S. producers start to resume production, influencing the production of Norway strike ends at the same time, both have increased pressure on the supply of crude oil, oil prices decline of continuation of the previous trading day (on Friday) : November WTI crude oil futures fell $1.17, or 2.88%, to $39.43 a barrel. Brent crude for December delivery fell $1.13, or 2.64 percent, to $41.72 a barrel. Last week, AMEx was up $3.55, or 9.58%; Cloth oil rose $3.58, or 9.12%.