Further Sells by Market Players

8 August, 2014

Yesterday world financial markets closed in the red zone. In Europe, the British FTSE 100 fell 0.58 percent down to 6,597.37 points, the German DAX shed 1 percent down to 9,038.97 points, and the French CAC 40 dropped 1.36 percent going down to 4,149.83 points.

Russian indices are falling again – the MICEX shed 0.08 percent down to 1,333.53 points, and the RTS index dropped 0.25 percent down to 1,157.97 points. This tendency will continue as it’s linked to the geopolitical situation, in particular to import restrictions for goods from those countries that introduced sanctions against Russia.  

The American Dow Jones fell 0.46 percent down to 16,368.27 points, the NASDAQ lost 0.46 percent getting down to 4,334.97 points, and the S&P 500 closed with a 0.56% drop making 1,909.57 points.

On Thursday, the commodities market posted upward rates: the NYMEX price of the September WTI oil future rose by $0.42 – up to $97.34 a barrel while London’s ICE saw the September Brent oil future go up by $0.85 and stop at $105.44 a barrel.

On the Forex market, EUR/USD remains at the same level thus far. There are no signals for entering the market.

Anna Gorenkova, NordFX Analyst


Source link  
Which Currency Will Come Out on Top: US Dollar or Yen?

USDJPY currency pair is among the top five most popular pairs either in Forex market or when trading binary options, therefore not only governors of the central banks and managers of the hedge funds, but also millions of private traders around the world care for its future...

Oil Price Hike: To Be or Not to Be?

In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller's heirs called off their investments in fossil fuels. They explained the decision by the fact that clean renewable energy was phasing out oil-based wealth...

HSBC Shares: Perspectives for 2016

HSBC is a major multinational financial organization that lends services to over 48 million customers throughout the world. The group has 6,100 offices in 72 countries and territories across Europe, Asia, the Middle East as well as North and Latin America...


EUR/USD Reached 1.12 Rate

Yesterday world financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.12 percent to 6,968.87 points, the German DAX advanced 1.29 percent up to 11,594.28 points, and the French CAC 40 gained 0.37 percent up to 5,012.31 points...

Oil Price Continue to Fall

Yesterday world financial markets posted mixed results. In Europe, the British FTSE 100 grew 0.34 percent to 6,973.04...

Drop in European Equity Due to Greek Situation

Yesterday world financial markets closed mixed. In particular, European stock markets slumped following the interim meeting of the Eurogroup and the Greek government...


A Slight Hike on Markets

On Monday, the world’s financial markets closed mainly on the rise, with the exception of the commodity market where the price...

Markets Are on the Up Again

Yesterday world financial markets closed on the rise for the most part. In Europe, the FTSE...

Decline for All Markets

Last Friday the world’s financial markets closed with a slump due to China's crackdown on margin trading...

  


Share: