Mixed Directions on Markets

November 7, 2014

Yesterday world financial markets closed without a common trend again. European indices went up due to reports that the ECB kept the key interest rate at 0.05% and announced that it would launch its quantitative easing mechanism in case of a deteriorating outlook for eurozone economic growth. Thus, the British FTSE 100 grew 0.18 percent up to 6,551.15 points, the German DAX 30 advanced 0.66 percent up to 9,377.41 points, and the French CAC 40 gained 0.46 percent making 4,227.68 points.

There was no common direction on the Russian floor – the RTS index plunged 3.53 percent down to 1,017.28 points whereas the MICEX index grew 0.15 percent up to 1,497.46 points.

In the USA, the Dow Jones Industrial Average gained 0.4 percent going up to 17,554.47 points, the NASDAQ Composite grew 0.38 percent up to 4,638.47 points, and the S&P BMI added 0.38 percent as well, reaching 2,031.21 points.

On Thursday, the NYMEX price quotations for December WTI oil futures dropped by $0.77 and closed at $77.91 a barrel. On London’s ICE, the December future for Brent oil went down by $0.09 and made $82.86 a barrel.

The dollar quickly got stronger in light of the mid-term election results in the USA – Republicans won the elections while Democrats lost a considerable number of their posts.  

On the Forex market, EUR/USD hit a new low falling below 1.24. The next support level should be 1.22.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

January 23, 2017
Japanese Yen is taking the heat
Looking at the daily chart of the Japanese Yen, we can see that the bullish engulfing has formed next to the 50% Fibonacci level, which has been broken on the weekly chart at the points of 125.853 and 98.935...
January 23, 2017
Main Macro Events This Week
President Trump has his feet under the desk in the Oval office and the tone of his inaugural speech and actions over the weekend reiterated his campaign themes to Make America Great Again...
January 23, 2017
UK stocks start the week on the back foot
The FTSE100 is under some selling pressure this morning and trading lower by around 40 points. The leading UK stock index posted its first weekly loss in over a month on Friday and has continued lower out the gate today. The pound is broadly higher on the day and has moved back above the 1.24 handle against the US dollar...

Vantage FX Rating
FxPro Rating
FXCM Rating
FOREX.com Rating
EXNESS Rating
Orbex Rating

Migesco Rating
Binary Brokerz Rating
Banc De Binary Rating
OptionRally Rating
99Binary Rating
GTOptions Rating