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

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