The Fall Slowed Down

January 22, 2014

Yesterday world financial markets closed mixed but bulls held the advantage. In Europe, the British FTSE 100 went down by 0.04 percent reaching 6,834.26 points whereas the German DAX 30 grew 0.15 percent up to 9,730.12 points, and the French CAC 40 advanced 0.02 percent up to 4,323.87 points.

In Russia, the MICEX index grew 0.62 percent up to 1,504.68 points and the RTS index – 0.10 percent up to 1,395.87 points.

In the USA, the Dow Jones fell 0.27 percent down to 16,414.44 points, the S&P gained 0.28 percent up to 1,843.80 points, and the NASDAQ advanced 0.67 percent up to 4,225.76 points.

The price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.38, up to $106.73 a barrel. The price of February futures for light WTI oil went up by $0.62, getting to $94.99 a barrel.

On the global currency market, EUR/USD again closed by correcting yesterday.  Gradually the daily long-term MA is approaching the pair on its own.

Anna Gorenkova, NordFX Analyst

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