Markets Are Falling, So is the Dollar

October 24, 2013

Mid-week the world’s financial markets closed mainly with a slump of major indices. In Europe, the British FTSE 100 fell 0.32 percent down to 6,674.48 points, the DAX 30 shed 0.31 percent down to 8,919.86 points, and the French CAC 40 dropped 0.81 percent down to 4,260.66 points.

In Russia, the MICEX index fell 1.41 percent down to 1,507.26 points and the RTS index – 1.55 percent down to 1,494.96 points.

In the United States, the Dow Jones index slumped 0.35 percent down to 15,413.33 points, the NASDAQ fell 0.57 percent down to 3,907.07 points, and the S&P 500 shed 0.47 percent reaching 1,746.38 points.

On Wednesday, globally oil prices closed mixed. At London’s IntercontinentalExchange, the December Brent oil contract went up by $0.33, up to $109.97 a barrel. At the New York Mercantile Exchange, the price of WTI oil futures for November delivery lowered by $1.42, down to $97.80 a barrel.

EUR/USD is about to reach the resistance level of 1.3820. Considering the growth rate, the pair isn’t going to halt thus far.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

October 28, 2016
Greenback sticks to three-month peaks
On Friday, the Japanese yen remained close to it weakest level against the greenback for three months during Asia trade, right after a surge in American bond yields as well as the issue of economic data backing the case for growth in American interest rates strengthened the US dollar overnight...
October 28, 2016
Dollar remains king
The mounting expectations over the Federal Reserve raising US interest rates in December have inspired bullish investors to send the Dollar Index to fresh eight-month highs at 99.00...
October 28, 2016
OPEC is ready to formally seal the output
The crude oil gains as the Algerian Energy Minister Noureddine Butarfa hit the market with a statement saying that OPEC has a plan to complete the formal part of the output freeze agreement in the next meeting...

Orbex Rating
FBS Rating
OANDA Rating
FIBO Group Rating
FxPro Rating
Vantage FX Rating

365BinaryOption Rating
EZTrader Rating
TropicalTrade Rating
OptionsXO Rating
Grand Option Rating
Banc De Binary Rating