Focus Stays on USA

October 10, 2013

Yesterday world financial markets closed in the red zone due to the government shutdown and the threat of default in the USA. As such, in Europe, the British FTSE 100 fell 0.4 percent down to 6,337.91 points, the German DAX 30 slumped 0.5 percent down to 8,541.69 points, and the French CAC 40 dropped 0.2 percent down to 4,127.05 points.

In Russia, the MICEX index fell 0.27 percent down to 1,501.01 points while the RTS index shed 0.72 percent going down to 1,461 points.

In the United States, the Dow Jones index grew 0.18 percent up to 14,803 points, the NASDAQ was down by 0.46 percent reaching 3,677.78 points, and the S&P 500 advanced 0.06 percent up to 1,656.40 points.

On the commodity market, the price of November futures for the North Sea petroleum mix of mark Bent Crude Oil dropped by $1.10, down to $109.06 a barrel. The price of November futures for light WTI oil lowered by $1.88, down to $101.61 a barrel.   

On the global Forex market, the dollar has gone up against the euro on the news that President Barack Obama nominated Janet Yellen for the new head of the Federal Reserve. If the situation with the US budget gets resolved and the government resumes its work, the EUR/USD pair has every chance of picking up its downward move to 1.33.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

Larson&Holz IT Ltd Rating
Grand Capital Rating
FxPro Rating
HotForex Rating
Z.com Trade Rating
Trade360 Rating

Beeoptions Rating
365BinaryOption Rating
Binary Brokerz Rating
Porter Finance Rating
OptionBit Rating
OptionRally Rating