Daily market analysis by NordFX

[Julia NordFX]

Different Directions Once Again

Yesterday the world’s financial markets closed mixed. As such, in Europe, the British FTSE 100 grew 0.34 percent up to 6,821.46 points, the German DAX gained 0.42 percent reaching 9,794.06 points, and the French САС 40 advanced 0.78 percent up to 4,410.65 points.

In Russia, the MICEX index grew 0.16 percent up to 1,408.80 points while the RTS index fell 0.42 percent down to 1,266.72 points.

In the United States, the Dow Jones Industrial Average shed 0.02 percent and stopped at 17,083.80 points, the S&P 500 BMI grew 0.05 percent up to 1,987.98 points whereas the NASDAQ Composite dropped 0.04 percent and finished trading at 4,472.11 points.

The NYMEX price of September WTI oil futures went down by $1.05 making $102.07 a barrel. On London’s ICE, the price of Brent oil futures for September delivery dropped by $0.96 reaching $107.03 a barrel.

On Forex, EUR/USD went down to 1.3460 and is experiencing a correction now. In case of a further fall, the pair’s next target will be 1.3380.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Nothing New – Another Slump

Last Friday the world’s stock markets closed mainly on the decline. In Europe, in particular, Britain’s FTSE 100 fell 0.49 percent down to 6,587.95 points, Germany’s DAX 30 dropped 0.96 percent down to 8,298.98 points, and France’s CAC 40 shed 0.17 percent getting to 3,956.02 points.

In Russia, the MICEX index fell 0.39 percent down to 1,401.88 points and the RTS index – 1.17 percent down to 1,353.38 points.

In the United States, the Dow Jones Industrial Average dropped 0.7 percent down to 16,960.57 points while the Standard & Poor’s 500 fell 0.5 percent down to 1,978.34 points.

On the NYMEX, the price of the September WTI oil future rose by $0.02 and made $102.09 a barrel. On London’s ICE, the price of Brent oil futures for September went up by $1.32 reaching $108.39 a barrel.

On the global Forex market, EUR/USD keeps going down. The target is a 1.3380 support.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Investors Unsure of Direction Due to Political Instability

Yesterday world financial markets closed mixed. As such, in Europe, Britain’s FTSE 100 grew 0.29 percent up to 6,807.75 points, Germany’s DAX gained 0.58 percent finishing trading at 9,653.63 points, and France’s САС 40 advanced 0.48 percent up to 4,365.58 points.

In Russia, the MICEX index grew 0.58 percent up to 1,369.83 points whereas the RTS index fell 0.13 percent down to 1,207.29 points.

In the United States, the Dow Jones dropped 0.41 percent down to 16,912.11 points, the S&P 500 shed 0.45 percent getting to 1,969.95 points, and the NASDAQ fell 0.05 percent down to 4,442.69 points.

On the global oil market – on the New York Mercantile Exchange the price of WTI oil went down by $0.70 and made $100.97 a barrel while on InterсontinentalExchange Futures Europe the price of Brent oil rose by $0.15 and reached $107.22 a barrel.

On the Forex market, EUR/USD is steadily moving toward 1.3380. Today the Federal Reserve will announce its decision regarding the interest rate. This may give the pair a boost to get over 1.3380.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Varied Closing on Markets Again

Yesterday world financial markets closed mixed once again. In Europe, the British FTSE 100 dropped 0.50 percent down to 6,773.44 points, the German DAX 30 fell 0.62 percent down to 9,593.68 points, and the French CAC 40 slumped 1.22 percent down to 4,312.30 points.

In Russia, the MICEX index grew 0.90 percent up to 1,382.14 points while the RTS index fell 1.25 percent getting to 1,222.40 points.

In the USA, the Dow Jones Industrial Average shed 0.19 percent down to 16,880.32 points, the Standard & Poor’s 500 gained 0.01 percent up to 1,970.19 points, and the NASDAQ grew 0.42 percent up to 3,975.61 points.

The NYMEX price of the September WTI oil future went down by $0.7 making $100.27 a barrel. On London’s ICE, the price of Brent oil futures for September got lower by $1.21 and got to $106.51 a barrel.

On the global Forex market, EUR/USD reached 1.3380 yesterday. Now the pair is more likely to experience a correction as the range of 1.3350-1.34 constitutes a strong weekly support.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

July Ended with Quotes Plunge

On the last day of July, the world’s financial markets closed with a slump. As such, Europe saw the British FTSE 100 fall 0.64 percent down to 6,730.11 points, the German DAX drop 1.94 percent down to 9,407.48 points and the French CAC 40 shed 1.53 percent getting down to 4,246.14 points.

In Russia, the MICEX index fell 0.18 percent down to 1,379.61 points and the RTS index – 0.40 percent down to 1,219.36 points.

In the USA, the Dow Jones Industrial Average slumped 1.88 percent reaching 16,563.30 points, the Standard & Poor’s 500 declined by 1.98 percent making 1,931.09 points while the NASDAQ plunged by 2.09 percent down to 4,369.77 points.

On the NYMEX, the price of the September WTI oil future got lower by $2.10 and reached $98.17 a barrel. On London’s ICE, the price of September Brent oil futures went down by $0.49 and made $106.02 a barrel.

On the Forex market, EUR/USD is at 1.3380. Today US unemployment data will be released but the pair is unlikely to go down much more or for long.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Further Slump on Markets as August Begins

Last Friday world financial markets closed with a slump of major indices. The lingering reasons for that are conflicts in Ukraine and the Middle East, Argentina’s debt problems as well as pessimistic data for the US labor market.

On Friday, the U.S. Department of Labor released jobless statistics that indicate that the unemployment rate went up from 6.1 to 6.2 percent whereas the number of new jobs didn’t increase as much as analysts had expected.

European trading resulted in the British FTSE falling 0.76 percent down to 6,679.18 points, the German DAX 30 plunging 2.10 percent down to 9,210.08 points and the French CAC 40 shedding 1.02 percent ending the trading session at 4,202.78 points.

In Russia, the MICEX index fell 0.35 percent down to 1,374.83 points and the RTS index – 0.54 percent down to 1,212.74 points.

The USA’s Dow Jones Industrial Average dropped 0.42 percent getting to 16,493.37 points, the Standard & Poor’s 500 fell 0.29 percent down to 1,925.15 points while the NASDAQ lost 0.39 percent reaching 4,352.64 points.

The cost of the September WTI oil future on the NYMEX went down by $0.29 and made $97.88 a barrel. On London’s ICE, the price of the September Brent oil future got lower by $1.18 and reached $108.84 a barrel.

Oil prices continue to fall due to the OPEC’s increase of oil output in Libya and the USA’s bigger exports of petroleum products. According to media sources, in the past month of May the United States stepped up its exports to 288,000 barrels per day – the highest figure since the beginning of the 21st century.

On the global Forex market, EUR/USD is experiencing a correction from the strong support of 1.3380. The correction is expected to go to 1.3460. However, under favorable conditions (absence of negative macroeconomic data for the euro), the pair can move to around 1.3530.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Overall Decline Continues

On Tuesday, the world’s financial markets closed mainly with a fall. Only the European market, due to more favorable corporate reports than expected by analysts, broke a series of slumps: Britain’s FTSE 100 grew 0.07 percent up to 6,682.48 points, Germany’s DAX advanced 0.39 percent up to 9,189.74 points, and France’s CAC 40 gained 0.37 percent closing at 4,232.88.

Russia’s MICEX index fell 1.53 percent down to 1,357.89 points and the RTS index – 1.72 percent down to 1,191.37 points.

Yesterday in the United States, the Dow Jones dropped 0.84 percent down to 16,429.84 points, the S&P 500 shed 0.97 percent down to 1,920.21 points, and the NASDAQ fell 0.71 percent down to 4,352.84 points.

The NYMEX price of September WTI oil futures went down by $0.91 making $97.38 a barrel. On London’s ICE, the price of Brent oil futures for September got lower by $0.80 reaching $104.61 a barrel.

On the Forex market, EUR/USD is holding around 1.3380 so far.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Downward Tendency Lingers

Yesterday world financial markets closed in a varied way in light of macroeconomic data for different countries, however the general sentiment is to sell assets. In Europe, in particular, major stock indices closed in the red zone: Britain’s FTSE 100 fell 0.69 percent down to 6,636.16 points, Germany’s DAX 30 shed 0.65 percent down to 9,130.04 points, and the French CAC 40 dropped 0.61 percent down to 4,207.14 points.

Russia’s indices finished the day with a slump as well: the MICEX index fell 1.71 percent getting to 1,334.66 points while the RTS index plunged 2.56 percent down to 1,160.86 points.

In the USA, on the contrary, the Dow Jones gained 0.08 percent going up to 16,443.34 points, the NASDAQ grew 0.05 percent up to 4,355.05 points whereas the S&P 500 closed at almost the same rate as on Tuesday – 1,920.24 points.

On the NYMEX, the price of the WTI oil future for September went down by $0.46 making $96.92 a barrel. On London’s ICE, the price of the Brent oil future for September fell by $0.02 and stopped at $104.59 a barrel.

On the Forex market, EUR/USD didn’t post any considerable change either. Most likely, the pair will be experiencing a correction within 1.33-1.3460 for some time.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Further Sells by Market Players

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

 

[Julia NordFX]

Oil Prices May Go Up Today

Last Friday world financial markets closed mixed. European stock indices ended up in the red zone: the British FTSE 100 fell 0.45 percent down to 6,567.36 points, the German DAX dropped 0.33 percent down to 9,009.32 points, and the French CAC 40 shed 0.05 percent closing at 4,147.81 points.

In Russia, the MICEX index grew 1.1 percent up to 1,348.21 points, the RTS index gained 1.1 percent as well reaching 1,170.60 points.

American indices also closed on the rise: the Dow Jones advanced 1.13 percent up to 16,553.93 points, the NASDAQ gained 0.83 percent up to 4,370.90 points, and the S&P 500 grew 1.15 percent going up to 1,931.59 points.

On the NYMEX, the price of the September WTI oil future rose by $0.31, up to $97.65 a barrel. On London’s ICE, the price of the Brent oil future for September went down by $0.42 and stopped at $105.02 a barrel.

Today oil prices may be significantly influenced by the situation in Iraq, in particular in case of further US air strikes.

On the Forex market, EUR/USD is at a standstill for the time being.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

No Negative News – Markets Rise

On the world’s financial markets, Monday was marked by a rise of major indices. European stock indices finished trading as follows – Britain’s FTSE 100 grew 1 percent up to 6,632.82 points, Germany’s DAX advanced 1.9 percent up to 9,180.74 points, and France’s CAC 40 gained 1.2 percent going up to 4,197.70 points.

In Russia, the MICEX index grew 1.8 percent up to 1,372.45 points and the RTS index – 2.83 percent up to 1,203.67 points.

In the United States, the Dow Jones picked up 0.1 percent reaching 16,569.98 points, the S&P 500 grew 0.28 percent up to 1,936.92 points while the NASDAQ gained 0.7 percent during the trading session and closed at 4,401.33 points.

There were no drastic changes in the trend on the global oil market. The NYMEX price of the September WTI oil future rose by $0.43 making $98.08 a barrel. On London’s ICE, the price of the Brent oil future for September fell by $0.34 and stopped at $104.68 a barrel.

On the Forex market, the situation with EUR/USD hasn’t changed so far.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Overall Rise

Yesterday world financial markets closed in the black due to reports that the Bank of England intends to raise the key interest rate in the first quarter of 2015. European indices exhibited an upward trend mostly – the British FTSE 100 grew 0.37 percent up to 6,656,68 points, the German DAX 30 advanced 1.43 percent up to 9,198.88 points but the French CAC 40 fell 0.78 percent down to 4,194.79 points.

In Russia, the MICEX index grew 1.79 percent up to 1,398.85 points and the RTS index – 1.84 percent making 1,220.80 points.

In the United States, the Dow Jones gained 0.55 percent going up to 16,651.80 points, the S&P 500 grew 0.67 percent up to 1,946.72 points, and the NASDAQ picked up 1.02 percent closing at 4,434.13 points.

On the NYMEX, the price of the September WTI oil future went down by $0.16 reaching $97.43 a barrel. On the London ICE, the price of the Brent oil future for September rose by $1.22 and stopped at $104.28 a barrel.

As for the Forex market, EUR/USD hasn’t changed its position so far.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Market Needs Impetus to Move

Last Friday finished with varied changes of stock indices due to the continuing conflict in Ukraine. However, indices need new triggers for a consistent directional movement.

In Europe, the British FTSE 100 grew 0.06 percent up to 6,689.08 points whereas other indices closed with a slump – Germany’s DAX 30 fell 1.44 percent down to 9,092.60 points, and France’s CAC 40 dropped 0.74 percent down to 4,174.36 points.

In Russia, the MICEX index advanced 0.73 percent up to 1,417.82 points, and the RTS index picked up 0.03 percent closing at 1,232.34 points.

In the United States, the Dow Jones fell 0.30 percent down to 16,662.91 points, the S&P 500 lost 0.01 percent reaching 1,955.06 points while the NASDAQ gained 0.27 percent closing at 4,464.93 points.

On the NYMEX, the price of the WTI oil future for September remained at about the same level – $97.35 a barrel. On London’s ICE, the price of the Brent oil future for September rose by $1.43 and stopped at $103.53 a barrel.

On Forex, EUR/USD is experiencing a further correction around 1.3380.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Stock Markets Closed on the Up

On Monday, the world’s stock markets finished trading on the rise. European indices posted the following results: Britain’s FTSE 100 grew 0.78 percent up to 6,741.25 points, Germany’s DAX advanced 1.68 percent up to 9,245.33 points, and France’s CAC 40 gained 1.35 percent getting up to 4,230.65 points.

In Russia, the MICEX index grew 0.52 percent up to 1,425.18 points while the RTS index added 0.91 percent and closed at 1,243.56 points.

In the USA, the Dow Jones advanced 1.06 percent up to 16,838.74 points, the S&P 500 gained 0.85 percent up to 1,971.74 points, and the NASDAQ grew 0.97 percent finishing at 4,508.31 points.

There’s an opposite situation on the global oil market. On the NYMEX, the price of the September WTI oil future dropped by $0.94, down to $96.41 a barrel while October futures went down by $1.57 reaching $93.75 a barrel. On London’s ICE, the price of the Brent oil future for October got lower by $1.93 and stopped at $101.60 a barrel. Market players’ sentiment is greatly influenced by successful advances of Iraqi troops against Islamic State militants with the support of US air strikes as well as by investors’ concerns that Europe’s demand for oil might decrease.

On the Forex market, EUR/USD is still holding at the same level.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Turning Point on Forex Market

Last week’s trading finished with a slump. In Europe, the British FTSE 100 fell 0.04 percent down to 6,775.25 points, the German DAX dropped 0.66 percent down to 9,339.17 points, and the French CAC 40 shed 0.93 percent going down to 4,252.80 points.

In Russia, the MICEX index fell 1.04 percent down to 1,446.60 points and the RTS index – 1.22 percent down to 1,260.07 points.

The American Dow Jones lost 0.22 percent finishing trading at 17,001.22 points, the S&P 500 dropped 0.20 percent down to 1,988.40 points while the NASDAQ grew 0.14 percent up to 4,538.55 points.

The NYMEX price of the September WTI oil future went down by $0.31 and stopped at $93.65 a barrel. On London’s ICE, the cost of the Brent oil future for October got lower by $0.34, reaching $102.29 a barrel.

On the Forex market, EUR/USD closed the week below a strong weekly support level, which can indicate a reversal of the uptrend on the larger scale. Nevertheless, this week the pair may experience an upward correction to 1.3350.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

No Common Trend on Markets

Yesterday the world’s financial markets closed mixed. European trading resulted in the British FTSE 100 shedding 0.04 percent down to 6,775.25 points, Germany’s DAX gaining 1.83 percent and closing at 9,510.14 points and France’s CAC 40 growing 2.1 percent up to 4,342.11 points.

In Russia, the MICEX index advanced 0.56 percent up to 1,454.67 points and the RTS index – 0.58 percent up to 1,267.42 points.

The USA’s Dow Jones picked up 0.44 percent finishing trading at 17,076.87 points, the S&P 500 grew 0.48 percent up to 1,997.92 points while the NASDAQ added 0.41 percent reaching 4,557.35 points.

On the NYMEX, the price of the October WTI oil future dropped by $0.30 and stopped at $95.35 a barrel. On the London ICE, on the contrary, the price of the Brent oil future for October rose by $0.36 and stopped at $102.65 a barrel. Oil prices are influenced by Libya’s continuing conflict.

On the global currency market, EUR/USD keeps going down. However, the pair didn’t close the gap yesterday, which indicates that the pair may go up in the short term.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed Mixed Again

Yesterday there was no common direction on markets once again. In Europe, in particular, the British FTSE 100 grew 0.70 percent up to 6,882.76 points, the German DAX advanced 0.82 percent closing at 9,588.15 points, and the French САС 40 added 1.18 percent going up to 4,393.41 points.

In Russia, the MICEX index dropped 0.78 percent down to 1,443.32 points, and the RTS index fell 0.63 percent down to 1,259.47 points.

In the United States, the Dow Jones grew 0.17 percent up to 17,106.70 points, the S&P 500 gained 0.11 percent up to 2,000.02 points, and the NASDAQ picked up 0.29 percent making 4,570.64 points.

On the NYMEX, price quotations for October WTI oil futures went up by $0.51 reaching $93.86 a barrel. On London’s ICE, on the contrary, the October Brent oil future went down by $0.15 and made $102.50 a barrel.

Yesterday on Forex, EUR/USD closed the day with a bearish candle. The pair can potentially go down to 1.3115, however, the gap hasn’t been covered yet.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Still No Common Direction

European stock markets finished Wednesday’s trading with the following rates: Britain’s FTSE 100 grew 0.12 percent up to 6,830.66 points, Germany’s DAX fell 0.19 percent down to 9,569.71 points while France’s CAC 40 gained 0.04 percent going up to 4,395.26 points.

On the Russian floor, the MICEX index advanced 0.32 percent up to 1,447.91 points, and the RTS index grew 0.10 percent up to 1,260.72 points.

Trading in the USA resulted in the Dow Jones gaining 0.09 percent up to 17,122.01 points, the S&P 500 growing 0.01 percent up to 2,000.12 points but the NASDAQ shedding 0.02 percent down to 4,569.62 points.

On London’s ICE, October futures for Brent oil went down by $0.11 making $102.61 a barrel. On the New York Mercantile Exchange, the price of the October WTI oil future rose by $0.02 stopping at $93.88 a barrel.

On the Forex market, EUR/USD is going up. The rise may not be significant, though – just enough to close the gap.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Dollar Getting Stronger Again

Last Friday world stock markets closed mixed. As such, in Europe the British FTSE 100 grew 0.20 percent up to 6,819.75 points, the German DAX gained 0.08 percent up to 9,470.17 points, and the French CAC 40 advanced 0.34 percent finishing trading at 4,381.04 points.

On the Russian floor, the MICEX index fell 1.62 percent down to 1,400.71 points while the RTS index grew 2.40 percent up to 1,190.23 points.

Trading in the USA resulted in the Dow Jones gaining 0.11 percent up to 17,098.45 points, the S&P 500 growing 0.33 percent up to 2,003.37 points but the NASDAQ dropping 0.50 percent down to 4,580.27 points.

On London’s ICE Futures, October Brent oil futures went up by $0.73 reaching $103.19 a barrel. On the NYMEX, the price of the October future for WTI oil rose by $1.41 and stopped at $95.96 a barrel.

On the global Forex market, EUR/USD closed with a slump. If the pair gets over 1.3115, its next support level will be 1.3060. The euro is falling today also. Nonetheless, the gap hasn’t been closed yet.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

EUR/USD in Wait for New Signals

Yesterday world stock markets closed in a mixed way. In Europe, the British FTSE 100 grew 0.06 percent up to 6,829.17 points, the German DAX advanced 0.30 percent up to 9,507.02 points whereas the French CAC 40 fell 0.03 percent down to 4,378.33 points.

The Russian MICEX index grew 0.57 percent up to 1,400.35 points while the RTS index gained 0.02 percent making 1,177.93 points.

In the USA, the Dow Jones fell 0.18 percent down to 17,067.56 points, the S&P 500 shed 0.05 percent down to 2,002.28 points but the NASDAQ added 0.39 percent reaching 4,598.19 points.

On the NYMEX, the price of October WTI oil futures went down by $3.08 and made $92.88 a barrel. On London’s ICE, the price of October futures for Brent oil dropped by $2.45, down to $110.34 a barrel.

On the Forex market, EUR/USD is at 1.3115. There are no signals indicating its further movement. Now the pair needs an impetus to go down while there’re no conditions for a rise. However, the gap from August 25th hasn’t been closed yet.

Anna Gorenkova
NordFX Analyst