Spotlight on US Default Threat Again

September 24, 2013

Yesterday world financial markets closed in the red zone. Like a year ago, the pick of the day was the US debt ceiling. According to experts’ forecasts, the current maximum can be reached already in mid-October. This would lead to a default unless the debt cap gets raised once again. However, no talks are held on this issue at this point, which, in fact, causes alarm among investors.

In Europe, the British FTSE 100 fell 0.59 percent down to 6,557.37 points, the German DAX 30 dropped 0.47 percent down to 8,635.29 points, and the French CAC 40 shed 0.75% going down to 4,172.08 points.

In Russia, the MICEX index slumped 0.62 percent down to 1,467.62 points while the RTS index fell 0.79 percent down to 1,451.42 points.

In the United States, the Dow Jones went down by 0.32 percent to 15,401.38 points, the S&P fell 0.47 percent down to 1,701.84 points, and the NASDAQ dropped 0.25 percent down 3,765.29 points.

The price of November futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.13, down to $108.09 a barrel. The price of WTI oil futures dropped by $1.25, down to $103.50 a barrel.

On the Forex market, EUR/USD is experiencing a correction after a sharp rise. At this time, the pair’s prospects are unclear. If the pair doesn’t manage to get fixed below 1.3460, it will be easier for it to go up – the dollar is too weak now.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
February 24, 2017
Dollar drifts on Fed's lack of optimism
FOMC February meeting minutes released on Wednesday failed to provide support for the bulls to manage a sustainable breakout above 101.50...
February 24, 2017
Can gold continue post Fed rally?
Gold jumped to a 3 month high today, snapping a 3-day losing streak today after traders digested yesterday’s minutes meeting from the US Federal Reserve...

NPBFX Rating
Vantage FX Rating
FX Giants Rating
FOREX.com Rating
Orbex Rating
Grand Capital Rating

Porter Finance Rating
GTOptions Rating
Dragon Options Rating
OptionRally Rating
OptionBit Rating
Banc De Binary Rating