Daily market analysis by NordFX

[Julia NordFX]

Markets Tumble Down Again

Yesterday the world’s financial markets closed with a slump. In Europe, the major indices posted the following results – the British FTSE 100 fell 1.49 percent down to 6,708.35 points, the German DAX 30 dropped 3.44 percent down to 9,358.89 points, and the French CAC 40 shed 2.66 percent down to 4,290.87 points.

Russian markets saw a downright crash of rates – the MICEX index slumped 10.8 percent down to 1,288.81 points while the RTS index plunged 12.01 percent total finishing at 1,115.06 points.

In the USA, the Dow Jones grew 0.94 percent stopping at 16,167.97 points, the hi-tech NASDAQ fell 0.72 percent down to 4,277.30 points, and the S&P 500 BMI dropped 0.74 percent down to 1,845.73 points.

On the commodity market, the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.69, up to $110.76 a barrel. The price of April WTI oil futures went up by $1.58, reaching $104.17 a barrel.

On the global Forex market, EUR/USD hasn’t been able to hold above 1.38 so far.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Indices Went Up Slightly

Yesterday world stock markets closed on the rise. In Europe, the British FTSE 100 grew 1.72 percent and made 6,823.77 points, the German DAX 30 advanced 2.46 percent up to 9,589.15 points, and the French 40 gained 2.45 percent going up to 4,395.90 points.

On the Russian floor, the MICEX index grew 5.26 percent up to 1,356.54 points, and the RTS index was up by 6.20 percent reaching 1,184.22 points.

In the USA, the Dow Jones picked up 1.41 percent stopping at 16,395.88 points, the NASDAQ grew 1.75 percent up to 4,351.97 points, and the S&P 500 advanced 1.53 percent up to 1,873.91 points.

On the oil market, the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $1.90, getting to $109.30 a barrel. The price of April futures for light WTI oil lowered by $1.59, down to $103.33 a barrel.

On Forex, the situation hasn’t changed.

Anna Gorenkova

NordFX Analyst

 

[Julia NordFX]

And Downward Again

Yesterday world financial markets closed in the red zone. European floors finished trading with the following index rates – the British FTSE 100 shed 0.71 percent down to 6,775.42 points, the German DAX 30 fell 0.49 percent down to 9,542.02 points, and the French CAC 40 dropped 0.11 percent going down to 4,391.25 points.

In Russia, the MICEX index fell 0.40 percent down to 1,351.11 points and the RTS index – 0.18 percent down to 1,182.05 points.

In the United States, the Dow Jones grew 0.22 percent settling at 16,360.18 points, the NASDAQ gained 0.14 percent getting up to 4,357.97 points, and the S&P 500 picked up 0.01 percent reaching 1,873.81 points.

The price of April futures for the North Sea petroleum mix of mark Brent Crude Oil dropped by $1.54, down to $107.76 a barrel. The price of April futures for light WTI oil went down by $1.88 making $101.45 a barrel.

There are no new developments on Forex.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Monday Finished in Red Zone

Yesterday world financial markets closed with a slump. European stock indices finished trading as follows – the British FTSE 100 fell 0.35 percent down to 6,689.45 points, the German DAX 30 dropped 0.91 percent down to 6,265.50 points while the French CAC 40 grew 0.10 percent up to 4,370.84 points.

The MICEX index last posted a 0.72% drop down to 1,329.70 points. The RTS index fell 0.81 percent reaching 1,149.49 points.

In the USA, the Dow Jones shed 0.21 percent going down to 16,418.68 points, the S&P climbed down by 0.05 percent reaching 1,877.17 points, and the NASDAQ fell 0.04 percent down to 4,334.45 points.

On the global oil market, the price of April futures for Brent Crude Oil went down by $0.92, getting to $108.08 a barrel. The price of April futures for light WTI oil lowered by $1.46 and ended up at $101.12 a barrel.

The EUR/USD pair is at 1.3880. Now it’s experiencing a correction during which the pair may go down to 1.3820 again.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Tuesday Trading Finished Mixed

Yesterday world financial markets closed mixed. In Europe, the British FTSE 100 fell 0.48 percent down to 4,349.72 points, the German DAX 30 grew 0.46 percent up to 9,307.79 points while the French CAC 40 shed 0.06 percent down to 6,685.52 points.

In Russia, the MICEX index slumped 2.29 percent down to 1,308.70 points and the RTS index – 2.31 percent down to 1,132.05 points.

In the United States, the Dow Jones dropped 0.21 percent getting down to 16,418.68 points, the NASDAQ gained 0.04 percent going up to 4,334.45 points whereas the S&P 500 fell 0.05 percent reaching 1,877.17 points.

In London, the price of Brent oil rose by $0.47, settling at $108.55 a barrel. The price of WTI oil for April delivery went down by $1.09, making $100.03 a barrel.

On Forex, the situation remains the same.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Ukrainian Crisis Holds All in Suspense

Yesterday world financial markets closed with a fall – the whole global community is worried about the situation in Ukraine, including financial market participants. As such, Britain’s FTSE 100 fell 0.80 percent down to 6,632.16 points, Germany’s DAX 30 dropped 1.12 percent and stopped at 9,203.70 points while France’s CAC 40 shed 0.90 percent down to 4,310.36 points.

In Russia, there is a crash of indices – the MICEX index plunged 2.77 percent down to 1,272.43 points and the RTS index – 2.95 percent down to 1,098.69 points.

In the USA, the Dow Jones fell 0.07 percent down to 16,340.08 points, the hi-tech NASDAQ grew 0.37 percent up to 4,323.33 points, and the S&P 500 BMI gained 0.03 percent stopping at 1,868.20 points.

On the global oil market, the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $0.53, reaching $108.02 a barrel. The price of April futures for light WTI oil dropped by $2.04, ending up at $97.99 a barrel.

On the Forex market, EUR/USD keeps going up. Its target is 1.3970-1.4030, the level after breaking out of the triangle.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Indices Down, Oil Goes Up

On the last day of the previous trading week, the world’s stock markets closed mainly with a slump due to the situation in Ukraine.

In Europe, Britain’s FTSE 100 grew 0.40 percent up to 6,527.89 points, Germany’s DAX 30 advanced 0.43 percent up to 9,056.41 points whereas France’s CAC 40 fell 0.80 percent down to 4,216.37 points.

In Russia, the MICEX index dropped 0.63 percent down to 1,240.69 points and the RTS index – 1.17 percent going down to 1,065.25 points. The indices reverted to the levels they were at in 2009.

In the USA, the Dow Jones fell 0.27 percent down to 16,065.67 points, the hi-tech NASDAQ shed 0.35 percent down to 4,245.40 points, and the S&P 500 BMI also went down by 0.28 percent closing at 1,841.13.

On the global oil market, the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.18, up to $108.57 a barrel. The price of April futures for light WTI oil rose by $0.69, finishing the trading session at $98.89 a barrel.

On Forex, EUR/USD went up almost to 1.3970 but couldn’t stay at that rate. Nonetheless, the euro has good prospects for further advancement.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Crimea within Russia – Market on the Up

Yesterday world financial markets closed on the rise. Investors responded to the signing of the treaty to incorporate Crimea into the Russian Federation.

In Europe, the British FTSE 100 grew 0.56 percent up to 6,604.84 points, the German DAX 30 gained 0.78 percent reaching 9,252.66 points, and the French CAC 40 advanced 1.06 percent up to 4,317.18 points.

In Russia, the MICEX was up by 4 percent altogether stopping at 1,335 points while the RTS index shot up by 4.2 percent getting to 1,160 points.

In the USA, the Dow Jones grew 0.55 percent up to 16,336.19 points, the S&P picked up 0.72 percent making 1,872.25 points, and the NASDAQ advanced 1.25 percent up to 4,333.31 points.

Yesterday the price of WTI oil rose by $1.62 and reached $99.70 a barrel. The price of Brent oil went up by $0.55 finishing the day at $106.79 a barrel.

On Forex, EUR/USD is within the range of 1.3880-1.3970 so far. Today the Federal Reserve is holding its meeting. The pair may break out of these bounds following the results of the meeting.

Anna Gorenkova

NordFX Analyst

 

[Julia NordFX]

Another Slump on Markets

Yesterday world financial markets closed predominantly with a slump. Investors are waiting for further developments around Crimea and sanctions against Russia.

Trading in Europe posted the following results – Britain’s FTSE 100 fell 0.49 percent down to 6,573.13 points, Germany’s DAX 30 grew 0.37 percent up to 9,277.05 points whereas France’s CAC 40 shed 0.12 percent down to 4,308.06 points.

In Russia, the MICEX index dropped 1.21 percent from the closing level the day before and made 1,319.72 points while the RTS index fell 0.46 percent down to 1,155.94 points.

In the USA, the Dow Jones shed 0.7 percent down to 16,222.17 points, the NASDAQ fell 0.59 percent down to 4,307.60 points, and the S&P 500 BMI dropped 0.61 percent down to 1,860.77 points.

The price of May futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.55, up to $106.79 a barrel. The price of April futures for light WTI oil went up by $1.62, reaching $99.70 a barrel.

Yesterday the results of the Federal Reserve meeting were published – the quantitative easing program was cut by $10 billion. It’s already the third reduction in a row. The base interest rate was kept at 0-0.25% per annum. The Federal Reserve also downgraded its outlook for US economy growth to 2.8-3% instead of 2.8-3.2%.

On the Forex market, EUR/USD sharply went down to 1.3820. Most probably, the pair will have a slight upward correction as it crosses the support levels at this rate. However, macroeconomic news may influence the pair’s dynamic.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed Mixed Again

Yesterday world financial markets finished mixed. As such, in Europe the British FTSE 100 fell 0.47 percent down to 6,542.44 points, the German DAX 30 grew 0.21 percent up to 9,296.12 points, and the French CAC 40 advanced 0.46 percent up to 4,327.91 points.

In Russia, the MICEX index gained 0.11 percent reaching 1,320.50 points while the RTS index fell 0.43 percent and stopped at 1,150.82 points.

In the USA, the Dow Jones dropped 0.67 percent down to 16,331.05 points, the hi-tech NASDAQ shed 0.27 percent down to 4,319.29 points, and the S&P 500 BMI fell 0.6 percent down to 1,872.01 points.

On the global oil market, Brent Crude Oil rose by $0.60, getting to $106.45 a barrel. The price of April futures for light WTI oil went down by $0.94, making $99.43 a barrel.

On Forex, the dollar got even stronger against the euro due to the outcomes of the Federal Reserve meeting. Now the pair can move towards 1.3730.

Anna Gorenkova

NordFX Analyst

 

[Julia NordFX]

Markets Finished the Week in the Red Zone

Last Friday the world financial markets closed mainly with a fall. Nonetheless, in Europe the British FTSE 100 grew 0.23 percent up to 6,557.17 points, the German DAX 30 advanced 0.50 percent up to 9,342.94 points, and the French CAC 40 gained 0.17 percent up to 4,335.28 points.

On the Russian exchange, the MICEX index fell 1.5 percent down to 1,301.93 points and the RTS index – 1.73 percent down to 1,130.87 points.

In the United States, the Dow Jones Industrial Average dropped 0.62 percent down to 14,421.49 points, the Standard & Poor's 500 fell 0.83 percent down to 1,545.80 points, and the NASDAQ Composite slumped 0.97 percent getting to 3,222.60 points.

Oil prices are falling down as well.

On Forex, EUR/USD stopped for now, unable to get over 1.3155 earlier.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

And Further Down

Yesterday world financial markets closed with another slump of indices. As such, in Europe the British FTSE 100 shed 0.56 percent down to 6,520.39 points, the German DAX 30 fell 1.65 percent down to 9,188.77 points, and the French CAC 40 dropped 1.36 percent down to 4,276.34 points.

In Russia, the MICEX index fell 0.7 percent down to 1,279.91 points while the RTS shed 0.2 percent and made 1,131.60 points.

In the United States, the Dow Jones dropped 0.16 percent down to 16,276.69 points, the S&P fell 0.49 percent down to 1,857.44 points, and the NASDAQ slumped 1.18 percent down to 4,226.39 points.

The NYMEX price of WTI oil for May rose by $0.14 and reached $99.46 a barrel. On London’s ICE, the price of Brent oil went down by $0.11 making $106.81 a barrel.

On the Forex market, EUR/USD closed on the rise. The correction continues.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Had No Common Direction

Yesterday the world’s financial markets closed mixed. In Europe, Britain’s FTSE 100 fell 0.6 percent down to 6,520.39 points, France’s CAC 40 dropped 1.4 percent down to 4,276.34 points, and Germany’s DAX 30 slumped 1.7 percent down to 9,188.77 points.

In Russia, on the contrary, indices went up considerably – the MICEX index grew 2.12 percent and made 1,325.44 points while the RTS index shot up by 3.50 percent at once, reaching 1,171.22 points.

In the USA, the Dow Jones fell 0.58 percent down to 16,371.35 points, the S&P shed 0.45 percent down to 1,865.84 points, and the NASDAQ dropped 0.19 percent down to 4,234.27 points.

The price of May futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.18, up to $106.99 a barrel. The price of May futures for light WTI oil went up by $0.41, making $99.19 a barrel.

There were no major changes on the Forex market.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Yesterday’s Trading Ended Mixed

Yesterday world financial markets closed in a varied way. In Europe, the British FTSE 100 fell 0.26 percent down to 6,588.32 points, the German DAX 30 gained 0.03 percent up to 9,451.21 points whereas the French CAC 40 dropped 0.14 percent down to 4,379.06 points.

In Russia, the MICEX index fell 1.36 percent down to 1,331.01 points, and the RTS index slumped 1.66 percent closing at 1,179.03 points.

In the USA, the Dow Jones shed 0.03 percent down to 16,264.23 points, the S&P fell 0.19 percent down to 1,849.04 points while the NASDAQ dropped 0.54 percent reaching 4,151.23 points.

On the IСE Futures Europe, the price of Brent oil rose by $0.80 and made $107.83 a barrel. The NYMEX price of WTI oil went up by $1.02 and made $101.28 a barrel.

On the Forex market, EUR/USD finally reached 1.3730. If the pair manages to pass the medium-term daily MA support, it can go down to 1.3660.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Growth in Europe, Decline in USA

Last Friday the world’s financial markets closed mixed. Thus, European indices went up – Britain’s FTSE 100 grew 0.41 percent up to 6,615.58 points, the German DAX 30 advanced 1.44 percent up to 9,587.19 points, and France’s CAC 40 gained 0.74 percent reaching 4,411.26 points.

The MICEX index grew 0.92 percent up to 1,344.12 points and the RTS index – 0.58 percent up to 1,186.28 points.

In the USA, on the contrary, indices closed in the red zone – the Dow Jones shed 0.03 percent down to 16,264.23 points, the NASDAQ fell 0.54 percent down to 4,151.23 points, and the S&P 500 BMI dropped 0.19 percent down to 1,849.04 points.

The NYMEX price of WTI oil for May rose by $0.39 and made $101.67 a barrel. On London’s ICE, the price of Brent oil futures for May delivery went up by $0.82 and reached $108.07 a barrel.

On the global Forex market, EUR/USD hasn’t been able to get over the medium-term daily MA so far.

Anna Gorenkova

NordFX Analyst

 

[Julia NordFX]

Varied Dynamics on Markets

Yesterday world financial markets closed mainly on the rise due to Fed Chief Janet Yellen voicing support for continuing with the quantitative easing program.

Europe made an exception, though, – Britain’s FTSE 100 fell 0.26 percent down to 6,598.37 points, Germany’s DAX dropped 0.33 percent down to 9,555.91 points, and France’s CAC 40 shed 0.45 percent down to 4,391.50 points.

In Russia, the MICEX index grew 1.9 percent up to 1,369.29 points and the RTS index – 3.4 percent getting up to 1,226.10 points.

In the USA, the Dow Jones advanced 0.82 percent up to 16,457.66 points, the S&P gained 0.79 percent reaching 1,872.34 points while the NASDAQ picked up 1.04 percent making 4,198.99 points.

The price of May futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $0.31, to $107.76 a barrel. The price of May futures for light WTI oil lowered by $0.09, down to $101.58 a barrel.

Yesterday on the Forex market, EUR/USD closed on a slight rise. For the time being, the pair is within the range of 1.3730-1.3820. Its further direction is unclear at this point.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Up, Oil Prices Drop

On Tuesday, trading finished mainly on the up. European stock indices closed as follows – the British FTSE 100 grew 0.82 percent up to 6,652.61 points, the German DAX gained 0.50 percent getting up to 9,603.71 points, and the French CAC 40 advanced 0.80 percent up to 4,426.72 points.

In Russia, the MICEX index grew 0.47 percent up to 1,375.73 points while the RTS index picked up 0.79 percent reaching 1,235.74 points.

In the USA, the Dow Jones advanced 0.46 percent up to 16,532.61 points, the S&P 500 grew 0.7 percent up to 1,885.52 points, and the NASDAQ hiked up by 1.64 percent stopping at 4,268.04.

However, the situation is contrary on the global commodity market. The price of May futures for the North Sea petroleum mix of mark Brent Crude Oil fell by $2.14, down to $105.62 a barrel. The price of May futures for light WTI oil went down by $1.84, making $99.74 a barrel.

On Forex, the picture remains unchanged.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Mixed Finish

On Wednesday, financial markets in different countries closed with varied rate changes of major indices. As such, in Europe, the British FTSE 100 grew 0.16 percent up to 6,663.49 points, the German DAX 30 gained 0.2 percent reaching 9,623.36 points, and the French CAC 40 picked up 0.09 percent making 4,430.86 points.

In Russia, on the contrary, the MICEX index fell 0.17 percent down to 1,373.33 points and the RTS index – 1.07 percent down to 1,222.47 points.

In the USA, the Dow Jones Industrial Average grew 0.24 percent stopping at 16,573 points, the Standard & Poor's 500 advanced 0.29 percent up to 1,890.90 points, and the NASDAQ gained 0.2 percent up to 4,276.46 points.

The NYMEX price quotations for May WTI oil futures went down by $0.12, getting to $99.62 a barrel. On London’s ICE, the price of the May future for Brent oil dropped by $0.83 and made $104.79 a barrel.

On Forex, EUR/USD finished trading with a slump. Nevertheless, the pair is still within the range of 1.3730-1.3820. Today ECB key interest rates and the ECB President’s press conference will be published, which may serve as an impetus for the pair.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed in Red Zone

On the global market, major financial indices closed mainly with a slump. As such, in Europe, the British FTSE 100 fell 0.15 percent down to 6,649.14 points, the German DAX gained 0.06 percent up to 9,628.82 points, and the French CAC 40 grew 0.42 percent up to 4,449.33 points.

In Russia, the MICEX index fell 0.75 percent down to 1,362.98 points, and the RTS index slumped 1.20 percent down to 1,207.77 points.

In the United States, the Dow Jones Industrial Average didn’t change much closing at 16,572 points, the Standard & Poor's 500 fell 0.11 percent down to 1,888 points, and the NASDAQ Composite dropped 0.91 percent down to 4,237 points.

On NYMEX, price quotations for May WTI oil futures rose by $0.67 and made $100.29 a barrel. On London’s ICE, the price of Brent oil futures for May delivery went up by $1.36 and reached $106.15 a barrel.

Yesterday EUR/USD closed with a bearish candlestick. The closing level was below the medium-term MA. Now the pair has all the chances to go down to 1.3660.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

A Rise by Weekend

Last Friday stock markets closed on the up. European indices finished trading as follows – the British FTSE 100 grew 0.70 percent up to 6,695.55 points, the German DAX 30 also gained 0.70 percent reaching 9,695.77 points, and the French CAC 40 advanced 0.79 percent up to 4,484.55 points.

In Russia, the MICEX index grew 1.2 percent up to 1,382.41 points and the RTS index – 1.92 percent up to 1,233.93 points.

In the United States, the Dow Jones picked up 1.41 percent making 16,395.88 points, the NASDAQ advanced 1.75 percent up to 4,351.97 points, and the S&P 500 grew 1.53 percent up to 1,873.91 points.

On the IСE Futures Europe, the price of the Brent oil barrel rose by $0.57 and made $106.72. The NYMEX price of the WTI oil barrel went up by $0.85 and got to $101.14.

On Friday on the Forex market, EUR/USD reached 1.3671. The pair can continue to move to 1.3660 but at a slower pace now.

Anna Gorenkova
NordFX Analyst