Daily market analysis by NordFX

[Julia NordFX]

Markets Finished Mixed

Last Friday world financial markets closed mixed. In Europe, Britain’s FTSE 100 grew 0.12 percent up to 6,721.34 points, Germany’s DAX 30 gained 0.06 percent up to 8,985.74 points while France’s CAC 40 fell 0.08 percent down to 4,272.31 points.

In Russia, the MICEX index advanced 0.13 percent up to 1,504.48 points whereas the RTS index shed 0.11 percent down to 1,492.20 points.

In the United States, the Dow Jones grew 0.39 percent up to 15,570.28 points, the S&P was up by 0.44 percent reaching 1,759.77 points, and the NASDAQ advanced 0.37 percent up to 3,943.36 points.

On the global commodity market, the price of December futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.06, down to $106.93 a barrel. The price of December futures for light WTI oil rose by $0.74, up to $97.85 a barrel.

On the Forex market, EUR/USD is at 1.3820 so far. A correction may start at this level.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

A Little Rise on Markets

On Tuesday, stock markets closed mainly with a rise of major indices. Europe saw the British FTSE 100 go up by 0.73 percent to 6,774.73 points, the German DAX grow 0.48 percent up to 9,022.04 points and the French CAC 40 advance 0.62 percent up to 4,278.09 points.

In Russia, the MICEX index grew 0.31 percent up to 1,516.17 points whereas the RTS index fell 0.10 percent down to 1,491.56 points.

In the USA, the Dow Jones index gained 0.72 percent reaching 15,680.35 points, the S&P advanced 0.56 percent up to 1,771.95 points, and the NASDAQ grew 0.31 percent up to 3,952.34 points.

On the commodity market, the NYMEX price of December WTI oil futures rose by $0.83, up to $98.68 a barrel. On London’s ICE, the price of Brent oil futures for December delivery went up by $2.68, to $109.61 a barrel.

On the Forex market, EUR/USD is experiencing a correction. The US Federal Open Market Committee ends its meeting tomorrow. It should make a final decision whether to roll back the quantitative easing program or to continue with it.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Quantitative Easing Stays

Yesterday world financial markets finished predominantly with a slump. As such, in Europe Britain’s FTSE 100 grew 0.04 percent up to 6,777.70 points, Germany’s DAX 30 fell 0.13 percent down to 9,010.27 points, and France’s CAC 40 shed 0.09 percent down to 4,274.11 points.

In Russia, the MICEX index climbed down by 0.01 percent to 1,516 points. The RTS index advanced 0.11 percent up to 1,493.14 points.

In the United States, the Dow Jones dropped 0.39 percent down to 15,618.76 points, the S&P fell 0.49 percent down to 1,763.31 points, and the NASDAQ shed 0.55 percent down to 3,930.62 points.

On the global commodity market, the price of December futures for light WTI oil went down by $1.43 and made $96.77 a barrel. The price of December futures for the North Sea petroleum mix of mark Brent Crude rose by $0.85, up to $109.86 a barrel.

Yesterday the Federal Open Market Committee decided to carry on with the quantitative easing program. However, it was noted that the economic situation in the US had improved. That gave a boost to the dollar on the Forex market. At this time, EUR/USD is at 1.37.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed with a Slump

Yesterday the world’s financial markets closed mainly with a drop. As such, in Europe the British FTSE 100 fell 0.68 percent down to 6,731.43 points, the German DAX 30 grew 0.26 percent up to 9,033.92 points, and the French CAC 40 advanced 0.6 percent up to 4,299.89 points.

In Russia, the MICEX index fell 0.47 percent down to 1,508.88 points and the RTS index – 0.95 percent down to 1,479 points.

In the United States, the Dow Jones index shed 0.47 percent down to 15,545.75 points, the S&P dropped 0.38 percent down to 1,756.54 points, and the NASDAQ fell 0.28 percent reaching 3,919.71 points.

Yesterday on London’s ICE Futures Europe the price of IPE Brent Crude futures slumped by $1.10, down to $108.84 a barrel. On NYMEX, the price of Light Sweet Crude Oil futures lowered by $0.37, down to $96.38 a barrel.

On the Forex market, EUR/USD went down. Now its way is cleared to 1.35.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Mixed Finish for Friday

On the last day of the previous trading week, the world’s financial markets closed mixed. By the end of the day the situation on European floors was as follows – the British FTSE 100 gained 0.05 percent going up to 6,734.74 points, the German DAX shed 0.29 percent down to 9,007.83 points, and the French CAC 40 fell 0.62 percent down to 4,273.19 points.

On the Russian floor, the MICEX index grew 0.33 percent up to 1,515.15 points whereas the RTS index dropped 0.35 percent down to 1,475.18 points.

In the USA, the Dow Jones advanced 0.45 percent up to 15,615.55 points, the S&P 500 grew 0.29 percent up to 1,761.64 points, and the hi-tech NASDAQ gained 0.06 percent reaching 3,922.04 points.

The price of December futures for light WTI oil went down by $1.77, to $94.61 a barrel. The price of December futures for the North Sea petroleum mix of mark Brent Crude oil lowered by $2.93, down to $105.91 a barrel.

On the global Forex market, EUR/USD is at the medium-term daily MA currently. However, considering the mood, the euro may keep going down.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

No Common Trend on the Market Again

Yesterday world financial markets closed mixed. European floors finished the trading session with the following results – Britain’s FTSE 100 fell 0.08 percent down to 6,741.69 points, France’s CAC 40 grew 0.79 percent up to 4,286.93 points, and Germany’s DAX advanced 0.35 percent up to 9,040.87 points.

On the Russian floor, the MICEX index fell 0.4 percent down to 1,499.95 points and the RTS index – 0.09 percent down to 1,458.93 points.

In the USA, the industrial Dow Jones gained 0.82 percent up to 15,746.88 points, the S&P 500 BMI grew 0.43 percent up to 1,770.49 points while the hi-tech NASDAQ dropped 0.20 percent down to 3,931.95 points.

The price of December futures for light WTI oil rose by $1.43, up to $94.80 a barrel. The price of the North Sea petroleum mix of mark Brent Crude Oil went down by $0.09 reaching $105.24 a barrel.

On the Forex market, EUR/USD is at the support level. It may experience some correction to 1.3580.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

ECB Lowered Interest Rates

Yesterday world financial markets closed mixed once again. Yesterday the ECB cut its interest rate to a record low of 0.25%.

European indices were mainly on the rise – the FTSE 100 fell 0.61 percent down to 6,700.48 points, the German DAX grew 0.66 percent up to 9,100.80 points, and the French CAC 40 advanced 0.13 percent up to 4,292.66 points.

In Russia, the MICEX index gained 0.62 percent reaching 1,509.25 points while the RTS index grew 0.64 percent up to 1,468.22 points.

In the USA, the industrial Dow Jones slumped 0.97 percent down to 15,593.98 points, the S&P 500 BMI fell 1.32 percent down to 1,747.15 points, and the hi-tech NASDAQ shed 0.1 percent making 3,857.33 points.

The price of December futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $ 1.78, down to $103.46 a barrel. The price of December futures for light WTI oil went down by $0.60, to $94.20 a barrel.

On the Forex market, EUR/USD kept going down without a major correction and finally covered the gap from 16 September 2013. At the same time, the pair stopped at the long-term daily MA.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Friday Closed Mixed

Last Friday world financial markets closed with mixed index changes. As such, in Europe the British FTSE 100 grew 0.17 percent up to 6,708.42 points, the German DAX fell 0.03 percent down to 9,078.28 points, and the French CAC 40 shed 0.48 percent down to 4,260.44 points.

In Russia, the RTS index slumped 2.25 percent down to 1,435.12 points, and the MICEX index fell 1.31 percent reaching 1,489.55 points.

In the USA, the Dow Jones index dropped 0.97 percent down to 15,593.98 points, the NASDAQ shed 1.90 percent down to 3,857.33 points, and the S&P 500 fell 1.32 percent down to 1,747.15 points.

The price of December futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.66, up to $105.12 a barrel. The price of December futures for light WTI oil lowered by $0.40, down to $94.60 a barrel.

On the Forex market, EUR/USD is still at the long-term daily MA.

Anna Gorenkova, NordFX Analyst

 

[Julia NordFX]

Markets Closed Mixed Again

Yesterday world financial markets finished mixed. In Europe, the British FTSE 100 shed 0.02 percent down to 6,726.79, the German DAX fell 0.34 percent down to 9,076.48 points while the French CAC 40 grew 0.61 percent up to 4,263.78 points.

In Russia, the RTS index dropped 0.66 percent down to 1,437.37 points, and the MICEX index slumped 1.14 percent down to 1,500.41 points.

In the United States, the Dow Jones went down by 0.20 percent to 15,750.80 points, the S&P 500 BMI shed 0.21 percent down to 1,768.11 points, and the hi-tech NASDAQ fell 0.08 percent down to 3,916.55 points.

The price of December futures for the North Sea petroleum mix of mark Brent Crude Oil was down by $0.36 reaching $106.04 a barrel. The price of December futures for light WTI oil lowered by $2.10, to $93.04 a barrel.

There is a correction happening on the Forex market. At this point, EUR/USD is between the medium-term and long-term daily MA’s.

Anna Gorenkova, NordFX Analyst

 

[Julia NordFX]

No Common Direction on Markets Once Again

Yesterday world financial markets posted the following results – the British FTSE 100 fell 1.44 percent down to 6,630 points, the German DAX 30 shed 0.24 percent down to 9,054.83 points, and the French CAC 40 dropped 0.56 percent down to 4,239.94 points.

The Russian MICEX index fell 2.24 percent down to 1,466.82 points while the RTS index slumped 2.12 percent down to 1,406.92 points.

In the USA, the Dow Jones index gained 0.45 percent reaching 15,821.63 points, the S&P BMI picked up 0.81 percent making 1,782 points, and the hi-tech NASDAQ grew 1.16 percent up to 3,965.76 points.

The price of December futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.31, up to $107.12 a barrel. The price of December WTI oil futures went up by $0.84, to $93.88 a barrel.

On the world currency market, EUR/USD closed with a slight rise. At this time, it can’t break through the resistance level of the medium-term daily MA.

Anna Gorenkova, NordFX Analyst

 

[Julia NordFX]

Green Light

Last Friday world financial markets closed on the rise due to the announcements by Janet Yellen, tipped to become the next chief of the US Federal Reserve. She intends to continue the QE3 program. Thus, in Europe the British FTSE 100 grew 0.41 percent up to 6,693.44 points, the German DAX 30 advanced 0.21 percent up to 9,168.69 points, and the French CAC 40 gained 0.19 percent making 4,292.23 points.

In Russia, the MICEX index grew 0.19 percent up to 1,493.79 points while the RTS went up by 0.68 percent to 1,444.24 points.

In the United States, the Dow Jones advanced 0.54 percent up to 15,961.70 points, the NASDAQ grew 0.33 percent up to 3,985.97 points, and the S&P 500 gained 0.42 percent up to 1,798.18 points.

On NYMEX, the price of December WTI oil futures went up by $0.08 and stopped at $93.84 a barrel. The January future stopped trading at $94.49 a barrel. On London’s ICE, the price of January Brent oil futures rose by $0.22 and reached $108.50 a barrel.

On the Forex market, EUR/USD is at strong resistance made of the short-term and medium-term MA’s.

Anna Gorenkova, NordFX Analyst​

 

[Julia NordFX]

Indices Finished Trading Mixed Again

Yesterday the world’s financial markets closed with mixed index changes. As such, in Europe the British FTSE 100 grew 0.45 percent up to 6,723.46 points, the German DAX 30 advanced 0.62 percent up to 9,225.43 points, and the French CAC 40 gained 0.66 percent up to 4,320.68 points.

In Russia, the MICEX index went up by 1.1 percent to 1,510.61 points, and the RTS index grew 1.3 percent up to 1,462.98 points.

In the USA, the Dow Jones index advanced 0.09 percent up to 15,976.02 points, the NASDAQ fell 0.93 percent down to 3,949.07 points, and the S&P 500 shed 0.37 percent down to 1,791.53 points.

The price of January futures for the North Sea petroleum mix of Brent Crude Oil lowered by $0.03, down to $108.47 a barrel. The price of December futures for light WTI oil went down by $0.81, to the lowest rate for the past 5 months – $93.03 a barrel.

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

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Another Mixed Finish for Markets

Yesterday world financial markets closed without a common trend. As such, Europe saw Britain’s FTSE 100 fall 0.38 percent down to 6,698.01 points, Germany’s DAX 30 slump 0.35 percent down to 9,193.29 points and France’s CAC 40 shed 1.12 percent down to 4,272.29.

In Russia, the RTS index dropped 0.54 percent reaching 1,455.04 points whereas the MICEX index gained 0.04 percent going up to 1,511.19 points.

In the United States, the Dow Jones grew 0.04 percent up to 15,983.13 points, the NASDAQ fell 0.37 percent down to 3,934.64 points, and the S&P 500 shed 0.13 percent down to 1,789.18 points.

The price of January futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $1.41 a dollar making $107.06 a barrel. The price of December futures for light WTI oil rose by $0.38, up to $93.41 a barrel.

The EUR/USD pair went up to the resistance level of 1.3581 today. At this point, players’ further moves aren’t clear.

Anna Gorenkova, NordFX Analyst

 

[Julia NordFX]

More Talks about QE3

Yesterday world financial markets closed with a slump of major indices due to the rumors that the European Central Bank was considering to set a negative deposit rate. Moreover, investors interpreted the report on the US Federal Open Market Committee’s meeting as an indication that the quantitative easing program would be pulled back soon.

Trading in the Eurozone resulted in the British FTSE 100 going down by 0.25 percent to 6,681.08 points, the French CAC 40 dropping 0.09 percent down to 4,268.37 points but the German DAX gaining 0.10 percent up to 9,202.07 points.

In Russia, the MICEX index fell 0.18 percent down to 1,508.52 points and the RTS index – 0.54 percent down to 1,447.20 points.

In the USA, the Dow Jones index shed 0.41 percent reaching 15,900.80 points, the S&P dropped 0.36 percent down to 1,781.37 points, and the NASDAQ fell 0.26 percent stopping at 3,921.27.

On NYMEX, the price of December WTI oil futures lowered by $0.01 and made $93.33 a barrel. On London’s ICE, the January Brent oil future went up by $1.14 and reached $108.06 a barrel.

On the Forex market, EUR/USD couldn’t get over 1.3581. The pair ended up between the daily MA’s again.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed with a Slump

On Tuesday the world’s financial markets finished mainly in the red zone. As such, in Europe the British FTSE 100 fell 0.87 percent down to 6,636.22 points, the German DAX 30 shed 0.11 percent down to 9,290.07 points, and the French CAC 40 dropped 0.57 percent reaching 4,277.57 points.

The Russian RTS index fell 1.21 percent down to 1,416.23 points and the MICEX index – 1.20 percent down to 1,484.37 points.

In the United States, the Dow Jones index ended up at the same level of 16,072.80 points, the NASDAQ grew 0.58 percent up to 4,017.75 points whereas the S&P 500 climbed down by 0.01 percent to 1,802.75 points.

On NYMEX, the price of January WTI oil futures went down by $0.41 and made $93.68 a barrel. On London’s ICE, the price of Brent oil futures for January delivery lowered by $0.12 and reached $110.88 a barrel.

The EUR/USD pair went up, on the contrary. Today the pair is trying to get over the resistance of 1.3581. If the pair gest fixed there, it’ll be free to move to 1.3650.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Mixed Directions on Markets – No Impetus

Yesterday world financial markets finished mixed. In particular, in Europe the British FTSE 100 grew 0.2 percent up to 6,649.47 points, the German DAX 30 advanced 0.66 percent up to 9,351.13 points, and the French CAC 40 gained 0.36 percent reaching 4,293.06 points.

In Russia, the MICEX index fell 0.60 percent down to 1,475.42 points, and the RTS index shed 0.86 percent down to 1,404.31 points.

In the USA, the Dow Jones index grew 0.15 percent up to 16,097.33 points, the NASDAQ advanced 0.67 percent up to 4,044.75 points, and the S&P 500 went up by 0.25 percent to 1,807.23 points.

The price of January futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.43, up to $111.31 a barrel. The price of January futures for light WTI oil lowered by $1.38, down to $92.30 a barrel.

On the Forex market, EUR/USD hasn’t been able to break through the 1.3580 resistance level.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

A Little Growth

On Thursday world stock markets finished on the rise. In Europe, trading resulted in the following – the British FTSE 100 gained 0.08 percent going up to 6,654.47 points, the German DAX 30 grew 0.39 percent up to 9,387.37 points, and the French CAC 40 advanced 0.22 percent up to 4,302.42 points.

In Russia, the MICEX index grew 0.27 percent up to 1,479.46 points and the RTS index – 0.16 percent up to 1,406.51 points.

Yesterday US markets were closed due to Thanksgiving Day.

The price of January futures for the North Sea petroleum mix of mark Brent Crude Oil fell by $0.39, down to $110.39 a barrel.

EUR/USD managed to get fixed above 1.3580 yesterday. Now it can move to 1.3660.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Are Waiting for Ben Bernanke’s Speech

Last Friday world financial markets closed mixed. European stock indices finished as follows – the British FTSE 100 shed 0.06 percent down to 6,650.57 points, the German DAX 30 grew 0.19 percent up to 9,405.30 points while the French CAC 40 fell 0.17 percent down to 4,295.21 points.

On the Russian share market, the MICEX index dropped 0.01 percent down to 1,479.35 points and the RTS index – 0.25 percent down to 1,402.93 points.

In the USA, the Dow Jones fell 0.07 percent reaching 16,086.41 points, the S&P shed 0.08 percent down to 1,805.81 points whereas the NASDAQ grew 0.37 percent up to 4,059.89 points.

The price of January futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.17, down to $109.69 a barrel. The price of January futures for light WTI oil rose by $0.42, up to $92.72 a barrel.

On Friday, the global Forex market saw EUR/USD finish with a slump. Nonetheless, it closed above the 1.3580 support, which allows the pair to go up. Today Federal Reserve Chief Ben Bernanke is expected to make a speech. After that, the pair may decide on a direction.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Direction Unclear Yet

Yesterday the world’s financial markets closed predominantly in the negative. In Europe, trading finished as follows – the British FTSE 100 fell 0.95 percent down to 6,532.43 points, the German DAX 30 slumped 1.9 percent down to 9,223.40 points, and the French CAC 40 shed 2.65 percent going down to 4,172.44 points.

In Russia, the RTS index fell 1.88 percent down to 1,372.44 points and the MICEX index – 1.66 percent reaching 1,448.84 points.

In the USA, the Dow Jones Industrial Average dropped 0.59 percent down to 15,914.62 points, the Standard & Poor's 500 shed 0.32 percent down to 1,795.15 points, and the NASDAQ Composite fell 0.2 percent down to 4,037.20 points.

On the commodity market, the price of January futures for the North Sea petroleum mix of mark Brent Crude Oil went up by $1.17, to $112.62 a barrel. The price of January futures for light WTI oil rose by $2.20, up to $96.04 a barrel.

On the global Forex market, EUR/USD couldn’t settle on a direction so far – it’s still at 1.3580.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

All Markets Picked Up

Last Friday world financial markets closed mainly in the red zone. European trading resulted in the British FTSE 100 growing 0.83 percent up to 6,551.99 points, the German DAX 30 gaining 0.96 percent up to 9,172.41 points and the French CAC 40 advancing 0.72 percent up to 4,129.37 points.

In Russia, the MICEX index grew 1.36 percent up to 1,448.67 points and the RTS index – 2.06 percent up to 1,390.61 points.

In the USA, the Dow Jones index advanced 1.26 percent reaching 16,020.20 points, the NASDAQ gained 0.73 percent making 4,062.52 points, and the S&P 500 grew 1.12 percent up to 1,805.09 points.

On the commodity market, the New York exchange price of WTI oil went up by $0.27 and made $97.65 a barrel. On the London exchange, the official price of Brent oil rose by $0.63, up to $111.61 a barrel.

On the Forex market, EUR/USD went up. The pair can move up all the way to 1.3760.

Anna Gorenkova
NordFX Analyst