Daily market analysis by NordFX

[Julia NordFX]

Upbeat Mood on Markets

At the beginning of the new trading week, financial markets closed predominantly in the green zone due to Friday’s positive data for the US jobless rate. In November 2013, the unemployment rate was 7 percent whereas analysts had expected 7.2 percent. It’s the lowest figure for the past five years.

In Europe, the British FTSE 100 grew 0.11 percent up to 6,559.48 points, the German DAX 30 advanced 0.25 percent up to 9,195.17 points, and the French CAC 40 gained 0.11 percent reaching 4,134.10 points.

In Russia, the MICEX index was up by 1.18 percent making 1,465.70 points while the RTS index grew 1.54 percent up to 1,412.08 points.

In the USA, the Dow Jones index climbed up by 0.03 percent to 16,025.53 points, the S&P gained 0.18 percent up to 1,808.37 points, and the NASDAQ grew 0.15 percent up to 4,068.75 points.

On the commodity market, the price of January futures for the North Sea petroleum mix of mark Brent Crude Oil dropped by $2.22, down to $109.39 a barrel. The price of January futures for light WTI oil lowered by $0.31, down to $97.34 a barrel.

The EUR/USD pair reached 1.3760 and may slow down now. It’s not recommended to open any positions at this point.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Slump on Stock Markets, Euro Rising

Yesterday the world’s stock markets finished in the red zone. As such, Britain’s FTSE 100 closed with a 0.24% drop down to 6,507.72 points, Germany’s DAX 30 fell 0.41 percent down to 9,077.11 points, and France’s CAC 40 shed 0.1 percent reaching 4,086.86 points.

The MICEX index remained basically at the same level as at the start of today’s trading session. It settled at 1,464.46 points. The RTS index shrank a little, to 1,409.22 points.

Yesterday, on the world commodity market, the InterсontinentalExchange Futures Europe price of Brent oil rose by $0.32, up to $109.70 a barrel. On the New York Mercantile Exchange, the price of WTI oil went down by $1.07, to $97.44 a barrel.

On the global Forex market, EUR/USD went up yesterday. Today the pair will try to reach 1.3820.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Still More Downwards

Yesterday world financial markets closed with a fall. European indices finished as follows – the British FTSE 100 dropped 0.96 percent down to 6,445.25 points, the German DAX 30 shed 0.66 percent down to 9,017 points, and the French CAC 40 lost 0.43 percent going down to 4,069.12 points.

In Russia, the RTS index slumped 1.11 percent down to 1,393.57 points and the MICEX index – 1.02 percent down to 1,449.74 points.

America’s Dow Jones Industrial Average fell 0.66 percent down to 15,739.43 points, the Standard & Poor's 500 shed 0.38 percent reaching 1,775.50 points, and the NASDAQ was down by 0.14 percent making 3,998.40 points.

On NYMEX, the price of WTI oil for January delivery went up by $0.06 and got to $97.50 a barrel. On London’s ICE, the price of the January future for Brent oil lowered by $1.03 and made $108.67 a barrel.

On the Forex market, EUR/USD is experiencing a correction currently.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

In Expectation of FOMC Meeting

Last Friday world financial markets closed in the red zone again. As such, in Europe the British FTSE 100 fell 0.08 percent down to 6,439.96 points, the German DAX 30 shed 0.12 percent down to 9,006.46 points, and the French CAC 40 dropped 0.23 percent reaching 4,059.71 points.

In Russia, the MICEX index grew 0.21 percent up to 1,452.76 points whereas the RTS index shed 0.12 percent down to 1,391.85 points.

In the United States, the Dow Jones gained 0.10 percent making 15,755.36 points, the S&P climbed down by 0.01 percent to 1,775.32 points while the NASDAQ advanced 0.06 percent up to 4,000.98 points.

On NYMEX, price quotations for January WTI oil futures went down by $0.90, to $96.60 a barrel. On London’s ICE, the price of Brent oil futures for January delivery rose by $0.16, up to $108.83 a barrel.

On the Forex market, EUR/USD is at 1.3760 so far. The pair can easily go up to 1.3820. This may be encouraged by the results of the FOMC meeting that are scheduled to be published 18 December.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Players Waiting, Markets Rising Slightly

Yesterday world financial markets finished positively. Europe’s stock trading resulted in the British FTSE 100 going up by 1.28 percent to 6,522.20 points, the German DAX 30 growing 1.74 percent up to 9,163.56 points and the French CAC 40 advancing 1.48 percent up to 4,119.88 points.

On the Russian floor, the MICEX index gained 1.2 percent reaching 1,470.22 points, and the RTS index grew 1.11 percent up to 1,407.25 points.

In the USA, the Dow Jones index advanced 0.82 percent up to 15,884.57 points, the S&P grew 0.63 percent up to 1,786.54 points, and the NASDAQ gained 0.71 percent going up to 4,029.52 points.

On the commodity market, the price of January futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.64, up to $110.47 a barrel. The price of January futures for light WTI oil went up by $0.84, to $97.48 a barrel.

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

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets on the Rise Due to US News

On Friday world financial markets closed mainly on the rise. Last week it became known that the Federal Reserve had decided to curtail the quantitative easing program and cut asset buying from 85 billion down to 75 billion dollars a month. Besides, the final US GDP data for the 3rd quarter of 2013 was published – the US economy growth rate made 4.1 percent, which is the highest figure since 2011.

In particular, in Europe the British FTSE 100 grew 0.33 percent up to 6,606.58 points, the German DAX 30 advanced 0.69 percent up to 9,400.18 points, and the French CAC 40 gained 0.40 percent reaching 4,193.77 points.

On the Russian floor, the MICEX index shed 0.05 percent down to 1,497.23 points and the RTS index – 0.08 percent down to 1,429.91 points.

In the USA, the Dow Jones grew 0.26 percent up to 16,221.14 points, the S&P gained 0.48 percent up to 1,818.32 points, and the NASDAQ advanced 1.15 percent up to 4,104.74 points.

On London’s ICE Futures Europe, the price of the IPE Brent Crude oil future (for February) rose by $1.48, up to $111.77. On NYMEX, the price of the Light Sweet Crude Oil future (for January) went up by $0.26, to $99.32 a barrel.

On the Forex market, EUR/USD is between the support 1.3650 and the short-term daily MA.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Further Rise on Markets

Yesterday world stock markets finished mainly on the up. European stock exchanges closed as follows - the British FTSE 100 grew 1.09 percent up to 6,678.61 points, the DAX 30 advanced 0.94 percent up to 9,488.82 points, and the French CAC 40 gained 0.51 percent up to 4,215.29 points.

In Russia, the RTS index grew 1.62 percent up to 1,453.10 points and the MICEX index – 0.69 percent up to 1,507.49 points.

In the United States, the Dow Jones index advanced 0.45 percent up to 16,294.61 points, the S&P gained 0.53 percent reaching 1,827.99 points, and the NASDAQ grew 1.08 percent up to 4,148.90 points.

The price of February futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $0.21, to $111.56 a barrel. The price of February futures for light WTI oil lowered by $0.41, down to $98.91 a barrel.

There are no new developments on the Forex market so far.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

First Friday of New Year

On the first Friday of the new calendar year, the world’s financial markets closed mixed. Players didn’t manage to decide on a trend due to ambiguous statements by US Federal Reserve members that were published last Friday. On the one hand, a concern was voiced that curtailing the quantitative easing program could cause a sharp inflation rise. On the other hand, the Federal Reserve still says that it will maintain an accommodative monetary policy in the new year.

Trading on European stock markets resulted in the following – the British FTSE 100 grew 0.16 percent up to 6,728.66 points, the German DAX advanced 0.34 percent up to 9,431.65 points, and the French CAC 40 gained 0.47 percent reaching 4,247.03 points.

At the same time in the USA, the Dow Jones index grew 0.17 percent up to 16,469.99 points, the S&P shed 0.03 percent down to 1,831.36 points while the NASDAQ fell 0.27 percent altogether, stopping at 4,131.91 points.

On the world oil market, the price of February futures for the North Sea petroleum mix of mark Brent Crude Oil dropped by $0.89, down to $106.89 a barrel. The price of February futures for light WTI oil lowered by $1.48, getting to $93.96 a barrel.

On the global Forex market, EUR/USD has been going down since the beginning of the year. The dollar may continue to grow all the way up to the long-term MA.



Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Slight Rise on Markets

Yesterday the world’s financial markets closed in the green zone. European stock markets finished trading as follows – the German DAX 30 grew 0.8 percent up to 9,506.20 points, the САС 40 advanced 0.8 percent as well reaching 4,262.68 points, and the British FTSE 100 gained 0.4 percent going up to 6,755.45 points.

In the USA, the Dow Jones Industrial Average grew 0.64 percent up to 16,530.94 points, the S&P 500 picked up 0.61 percent getting to 1,837.88 points, and the NASDAQ advanced 0.96 percent up to 4,153.18 points.

On the world oil market, the price of February futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.62, up to $107.35 a barrel. The price of February futures for light WTI oil went up by $0.24, to $93.67 a barrel.

On the Forex market, EUR/USD is experiencing a correction.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Indices Closed in the Red Zone

Yesterday world financial markets closed mainly with a drop. As such, in Europe the British FTSE 100 fell 0.5 percent down to 6,721.78 points, the German DAX 30 shed 0.09 percent down to 9,497.84 points whereas the French САС 40 picked up 0.04 percent reaching 4,260.96.

In Russia, the MICEX index fell 0.24 percent and made 1,462.67 points while the RTS index advanced 0.15 percent up to 1,390.35 points.

In the United States, the Dow Jones slumped 0.41 percent down to 16,462.74 points, the NASDAQ grew 0.30 percent up to 4,165.61 points, and the S&P 500 climbed down by 0.02 percent to 1,837.49 points.

The price of February futures for the North Sea petroleum mix of mark Brent Crude Oil fell by $0.20, down to $107.15 a barrel. The price of February futures for light WTI oil got lower by $1.34, reaching $92.33 a barrel.

On the Forex market, EUR/USD keeps moving towards the daily long-term MA.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

In Expectation of US Jobless Data

Yesterday world financial markets finished mixed. Namely in Europe, the British FTSE 100 fell 0.45 percent down to 6,691.34 points, the German DAX 30 slumped 0.80 percent down to 9,421.61 points, and the French CAC 40 shed 0.84 percent going down to 4,225.14 points.

In Russia, the RTS index fell 0.1 percent down to 1,388.95 points whereas the MICEX index grew 0.16 percent stopping at 1,464.97 points.

In the USA, the Dow Jones index dropped 0.11 percent down to 16,444.76 points, the NASDAQ fell 0.23 percent down to 4,156.19 points while the S&P 500 advanced 0.03 percent up to 1,838.13 points.

On the global oil market, the price of February futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $0.76, to $106.39 a barrel. The price of February futures for light WTI oil lowered by $0.67, down to $91.66 a barrel.

On the Forex market, EUR/USD closed on the rise within the correction range. Fornowthedownwardtrendremains. Yesterday the ECB and the Bank of England kept the base interest rates at the same levels. Today US jobless figures and nonfarm payroll employment data will be published.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Unemployment Went Down

On the last day of the previous week, world financial markets closed mainly with a rise of the major indices. According to the data released on Friday, the number of US nonfarm jobs increased by 74,000 whereas the figure had been expected to reach 196,000. However, the jobless figures turned out to be more uplifting – the unemployment rate went down from 7 percent in November to 6.7 percent in December, the lowest since October 2008.

Thus, in Europe, the British FTSE 100 grew 0.73 percent up to 6,739.94 points, the German DAX 30 advanced 0.55 percent up to 9,473.24 points, and the French CAC 40 gained 0.60 percent and stopped at 4,250.60 points.

In Russia, the MICEX index grew 0.28 percent up to 1,469.19 points and the RTS index – 0.51 percent up to 1,395.91 points.

In the USA, the Dow Jones dropped 0.05 percent down to 16,437.05 points, the NASDAQ advanced 0.44 percent up to 4,174.66 points, and the S&P 500 grew 0.23 percent up to 1,842.37 points.

On the IСE Futures Europe, the official price of Brent oil rose by $0.86 and made $107.25 a barrel. On NYMEX, the price of WTI oil went up by $1.06 and reached $92.72 a barrel.

On the Forex market, EUR/USD finished on the up. Currently, the pair is held back by the short-term MA (Friday’s closing level was below it).

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Finished Mixed

Yesterday the world’s financial markets closed mixed. As such, in Europe, the British FTSE 100 grew 0.26 percent up to 6,757.15 points, the German DAX 30 gained 0.39 percent going up to 9,510.17 points, and the French CAC 40 advanced 0.30 percent up to 4,263.27 points.

In Russia, the MICEX index grew 0.57 percent up to 1,477.56 points and the RTS index – 0.42 percent up to 1,401.82 points.

In the United States, the Dow Jones fell 1.09 percent down to 16,257.94 points, the NASDAQ slumped 1.47 percent down to 4,113.30 points, and the S&P 500 shed 1.26 percent down to 1,819.20 points.

Yesterday the price of February futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $0.50, to $106.75 a barrel while the price of February futures for light WTI oil fell by $0.92, down to $91.80 a barrel.

On the Forex market, EUR/USD is at a standstill so far. However, the fact that yesterday the pair closed above the short-term MA may mean the pair will go up further.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

No Headway for Euro

Yesterday world financial markets closed mixed. In Europe, Britain’s FTSE 100 advanced 0.1 percent up to 6,766.86 points, France’s САС 40 gained 0.3 percent reaching 4,274.20 points while Germany’s DAX 30 also picked up 0.3 percent and made 9,540.51 points.

In Russia, the MICEX index fell 0.5 percent down to 1,469.64 points, and the RTS index dropped 0.9 percent making 1,388.69 points.

In the USA, the Dow Jones grew 0.71 percent up to 16,373 points, the NASDAQ picked up 1.69 percent reaching 4,183 points whereas the S&P 500 fell 1.08 percent down to 1,838 points.

The price of February futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $0.36 getting to $106.39 a barrel. The price of February futures for light WTI oil rose by $0.79, up to $92.59 a barrel.

On Forex, EUR/USD closed basically at the same rate.

AnnaGorenkova
NordFX Analyst

 

[Julia NordFX]

Green Light on All Markets

Yesterday the world’s financial markets finished on the rise. As such, in Europe the British FTSE 100 grew 0.78 percent up to 6,819.86 points, the French CAC 40 advanced 1.35 percent up to 4,332.07 points, and the German DAX went up by 2.03 percent reaching 9,733.81 points.

In Russia, the MICEX index grew 1.15 percent up to 1,486.51 points and the RTS index – 0.94 percent up to 1,401.78 points.

In the USA, the Dow Jones Industrial Average gained 0.66 percent getting to 16,481.94 points, the hi-tech NASDAQ grew 0.76 percent up to 4,214.88 points, and the S&P 500 BMI advanced 0.52 percent up to 1,848.38 points.

On the IСE Futures Europe, the price of Brent oil rose by $0.74 and made $107.13 a barrel. On NYMEX, the price of WTI oil went up by $1.58 and reached $94.17 a barrel.

The situation remains the same on the Forex market.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Slumped Somewhat

Yesterday world financial markets wrapped up in the red zone. In particular, in Europe the British FTSE 100 shed 0.07 percent down to 6,815.42 points, the German DAX 30 fell 0.17 percent down to 9,717.71 points, and the French CAC 40 dropped 0.3 percent down to 4,319.27 points.

On the Russian floor, the RTS index fell 0.32 percent reaching 1,397.27 points whereas the MICEX index grew 0.39 percent up to 1,480.72 points.

In the USA, the Dow Jones slumped 0.39 percent down to 16,417.01 points while the NASDAQ advanced 0.09 percent up to 4,218.69 points. The S&P 500 fell 0.13 percent getting to 1,845.89 points.

On the global oil market, the InterсontinentalExchange Futures Europe price of Brent oil went down by $0.04 and made $107.09 a barrel. On NYMEX, the price of WTI oil fell by $0.21 and reached $93.96 a barrel.

On Forex, EUR/USD is still within the same range.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Closed Mixed

Last Friday world financial markets closed without a common trend. In Europe, the British FTSE 100 gained 0.2 percent up to 6,829.30 points, the German DAX 30 grew 0.26 percent up to 9,742.96 points, and the French CAC 40 advanced 0.19 percent up to 4,327.50 points.

The Russian RTS index fell 0.10 percent down to 1,395.79 points whereas the MICEX index grew 0.42 percent up to 1,486.88 points.

In the USA, the Dow Jones advanced 0.25 percent up to 16,458.56 points, the NASDAQ shed 0.50 percent getting to 4,197.58 points, and the S&P 500 fell 0.39 percent down to 1,838.70 points.

The price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.73, up to $106.48 a barrel. The price of February futures for light WTI oil went up by $0.41 reaching $94.37 a barrel.

On the global Forex market, EUR/USD closed with a bearish candlestick pattern, falling slightly short of the daily MA. Today the pair will reach this level, and after that one has to wait for further market signals.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Down the Slope

On Monday world financial markets closed in the red zone. In Europe, Britain’s FTSE 100 grew 0.10 percent up to 6,836.73 points, Germany’s DAX 30 fell 0.30 percent down to 9,715.90 points, and France’s CAC 40 dropped 0.10 percent down to 4,322.86 points.

In Russia, the MICEX index fell 0.19 percent down to 1,537.66 points and the RTS index – 0.26 percent down to 1,599.30 points.

On London’s ICE the March Brent oil future went down by $0.13 reaching $106.35 a barrel. TherewasnotradingintheUSAonMonday.

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

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

The Fall Slowed Down

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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