Further Slump on Markets

October 10, 2014

Yesterday world financial markets closed mainly with a decline of major indices. As such, in Europe, the British FTSE 100 fell 0.78 percent down to 6,431.85 points, the French CAC 40 shed 0.48 percent down to 4,148.08 points whereas the German DAX 30, on the contrary, grew 0.11 percent finishing the trading session at 9,005.02 points.

In Russia, the MICEX index advanced 0.33 percent up to 1,384.33 points and the RTS index – 0.57 percent up to 1,088.80 points.

In the USA, the Dow Jones fell 1.97 percent down to 16,659 points, the S&P 500 BMI slumped by 2.07 percent closing at 1,928 points, and the NASDAQ Composite dropped 2.02 percent down to 4,378 points.

Global oil prices went down to the lowest level in two years due to an increase of oil production by OPEC countries. The NYMEX price of WTI oil futures for November dropped by $1.54, down to $85.77 a barrel. On London’s ICE, the price of Brent oil futures for November delivery went down by $1.33 and closed at $90.05 a barrel.  

On the Forex market, EUR/USD is lacking activity. The pair can start a prolonged correction in case there are no significant macroeconomic events.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

December 9, 2016
Gold is tired of moving in the range
On the daily chart of gold, the bears remain control over the market. As long as quotes are below $ 1,195, their positions are not under threat. The update of the December low can lead to the continuation of downward movement towards $1,116...
December 9, 2016
Oil prices ignored bigger-than expected drop
After an Asian consolidation oil prices moved higher on Thursday. The price slightly grew and reversed the minor part of its losses. The benchmark approached 53.50 post-Europe open. The price stayed below the 50 and 100 EMAs in the 1 hour chart...
December 9, 2016
EURUSD Trades Below Significant Resistance
The Italian referendum weighed on EUR/USD, fell to a year low of 1.0506 on 5th December. It was followed a quick recovery, as a result of the rebound of the Euro after testing the significant support level at 1.0500. Yet it retraced after testing the significant resistance level at 1.0800...

Tickmill Rating
OctaFX Rating
Grand Capital Rating
Trade360 Rating
Larson&Holz IT Ltd Rating
XTB Rating

24option Rating
EZTrader Rating
TopOption Rating
OptionBit Rating
IQ Option Rating
OptionRally Rating