A New Slump

September 26, 2014

The rise of rates on world financial markets didn’t last long. Already yesterday indices closed in the red zone again. European trading resulted in Britain’s FTSE 100 falling 0.99 percent down to 6,639.71 points, Germany’s DAX shedding 1.57 percent down to 9,510.01 points and France’s CAC 40 dropping 1.32 percent down to 4,355.28 points.

In Russia, the MICEX index fell 0.40 percent down to 1,436.05 points and the RTS index – 1.15 percent down to 1,175.59 points.

On American floors, the Dow Jones slumped 1.54 percent finishing the trading session at 16,945.80 points, the S&P 500 BMI dropped 1.62 percent down to 1,965.99 points, and the NASDAQ Composite plunged 1.94 percent down to 4,466.75 points.

On the London ICE, the price of Brent oil futures for November rose by $0.05 making $97 a barrel. The NYMEX price of WTI oil futures for November went down by $0.27 reaching $92.53 a barrel.

On the global currency market, EUR/USD arrived at 1.27 yesterday. This is quite a strong support level – not only daily but also weekly. The pair may stop here.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

January 20, 2017
Advance in inflation across the Eurozone
Euro holds gains against the US Dollar ahead of the ECB rate decision, as majority of economists expect no major updates in the policy, while investors will be taking stock of Draghi rhetoric’s to foresee the timeframe of the next big move by the policymakers...
January 20, 2017
US oil inventory draw gave a temporally support for oil prices
Oil prices remained in red figures after Wednesday's bearish acceleration. Brent a little changed on the day and remained prone to more weakness on Thursday. The benchmark stayed neutral around 54.50 dollars per barrel flirting with the level during the European session...
January 20, 2017
Pound gives up gains
The British pound has pulled back sharply today after making its biggest 1day gain in nearly 20 years’ yesterday, as fears once again crept in about where Brexit will lead to...

Grand Capital Rating
FXCM Rating
Larson&Holz IT Ltd Rating
HotForex Rating
Fort Financial Services Rating
Z.com Trade Rating

99Binary Rating
365BinaryOption Rating
Banc De Binary Rating
OptionTrade Rating
OptionFair Rating
Binary Brokerz Rating