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Daily market analysis by NordFX

Discussion in 'Market Forecasts and Analysis' started by Julia NordFX, Jan 25, 2013.

  1. Julia NordFX

    Julia NordFX Broker Representative

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    Daily market analysis by NordFX

    Hello,

    In this thread we'll be posting market analysis from NordFX (Forex | Forex Trading | Nordfx.com). Everyone is welcome to have a read!
     
    Last edited by a moderator: Jun 10, 2014
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  3. Julia NordFX

    Julia NordFX Broker Representative

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    28.01.2013; 05:30 GMT

    Hike Due to Good News

    On the last day of the previous week the world’s financial markets ended mainly with a hike. Thus, in Europe the British FTSE 100 grew 0.31% up to 6,284.45 points, the German DAX 30 rose 1.42% and made 7,857.97 points while the French CAC 40 advanced 0.69% reaching 3,778.16 points.

    In Russia the MICEX went up by 0.67% to 1,544.02 points, and the RTS index grew 0.88% and made 1,618.84 points.

    In the USA the NASDAQ gained 0.62% reaching 3,149.71 points, the S&P 500 advanced 0.54% and made 1,502.96 points while the Dow Jones index grew 0.51% and reached 13,895.98 points.

    On IntercontinentalExchange Futures Europe the official price of Brent oil didn’t change and was $113.28 per barrel. On the New York Mercantile Exchange the price of WTI oil lowered by $0.07 and made $95.88 per barrel.

    Germany’s IFO business climate index grew to 104.2 points in January from 102.4 points in December 2012. Analysts predicted an increase up to 103 points. Besides, the ECB reported on Friday that 278 eurozone banks were ready to repay 137.16 billion euros borrowed within the first three-year bond auction in December 2011.

    According to Reuter’s statistics, 174 companies already posted their quarterly performance reports for the S&P 500 sector, out of which 68% surpassed profits forecasts, 18% were behind and 14% matched experts’ predictions.

    On the Forex market EUR/USD finished on a rise. After the 1.3460 mark is passed, the pair’s target will be 1.3580.

    Anna Gorenkova
    NordFX Analyst
     
    Last edited: Jan 31, 2013
  4. Julia NordFX

    Julia NordFX Broker Representative

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    30.01.2013; 07:15 GMT

    Positive News Gave Markets Some Boost

    On Tuesday world financial markets ended mainly on the up. As such, in Europe the British FTSE 100 advanced 0.63% up to 6,334.07 points, the German DAX 30 grew 0.1% and made 7,840.76 points while the French CAC 40 climbed up 0.08% reaching 3,783.85 points.

    In Russia the MICEX index grew 0.04% up to 1,550.35 points, and the RTS index advanced 0.04%, up to 1,624.54 points, by the end of trading.

    In the USA the Dow Jones index went up by 0.52% reaching 13,954.42 points, the NASDAQ fell 0.02% down to 3,153.66 points whereas the S&P 500 gained 0.51% making 1,507.84 points.

    The price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.88, up to $114.36 per barrel. The price of March WTI light oil futures went up by $1.13, to $97.57 per barrel, which is the highest rate since 14 September 2012.

    In the United States real estate prices were up 5.5% in November 2012 in comparison with the previous month of November. This is the biggest price hike per annum for the past six years.

    The increase in oil prices was linked to the announcement by the Defense Minister of troubled Egypt who said that the political unrest could lead to the state’s collapse. Egypt controls the Suez Canal, one of the key sea routes for transporting oil.

    On the Forex market EUR/USD trading finished with a rise and closed above the resistance level of 1.3460. Now the pair has all the chances to reach the next target – 1.3580.

    Anna Gorenkova
    NordFX Analyst


    Attachment: Jan30.JPG
     
    Last edited: Jan 30, 2013
  5. Julia NordFX

    Julia NordFX Broker Representative

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    31.01.2013; 08:35 GMT

    US GDP Got Markets Down

    Yesterday world stock markets finished with a slump. In particular, in Europe the British FTSE 100 contracted by 0.21% down to 6,325.90 points, Germany’s DAX 30 fell 0.55% and reached 7,805.91 points while the French CAC 40 shed 0.46% making 3,768.26 points.

    In Russia the MICEX index fell 0.41% down to 1,543.43 points and the RTS index – 0.31% down to 1,618.77 points.

    In the USA the Dow Jones index went down by 0.32% to 13,910.42 points, the NASDAQ shed 0.36% making 3,142.31 points, and the S&P 500 fell 0.39% reaching 1,501.96 points.

    On NYMEX the price quotations for March WTI oil futures increased by $0.37 and were at $97.94 per barrel. On London’s ICE March Brent oil futures were up by $0.54 and made $114.90 per barrel.

    According to Associated Press, the US economy suddenly shrank for the first time since 2009 – in the fourth quarter of 2012 the country’s GDP contracted by 0.1%. This was caused by the biggest cuts in defense spending in 40 years and by export slowdown. The US Department of Commerce reports that GDP showed a drastic 0.1% decrease in the fourth quarter whereas it quickly grew by 3.1% in the third quarter. Before that the figures were also on the up – 1.3% and 2% in the second and the first quarters respectively. The unexpected GDP contraction can deepen concerns about the US economy’s ability to cope with tax hikes and a growing sovereign debt.

    On the Forex market EUR/USD reached 1.3580 effectively. Now it’s experiencing a correction.

    Anna Gorenkova
    NordFX Analyst
     
  6. Julia NordFX

    Julia NordFX Broker Representative

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    In Wait for Unemployment Data

    On Thursday world financial markets closed with a fall due to unexpectedly weak statistics for Germany’s retail sales and the number of jobless claims in the USA.

    On European floors the British FTSE 100 shed 0.46% down to 6,294.48 points, the German DAX 30 was down 0.23% and made 7,793.19 points while the French CAC 40 fell 0.52% reaching 3,746.37 points.

    In Russia the MICEX index grew 0.22% up to 1,546.76 points, and the RTS index advanced 0.23% making 1,622.56 points.

    In the United States the Dow Jones index lost 0.36% reaching 13,860.58 points, the NASDAQ climbed down by 0.01% to 3,142.31 points, and the S&P 500 fell 0.26% down to 1,498.11 points.

    By the end trading on the London exchange the price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.55, up to $115.55 per barrel. On the New York exchange the price of March WTI oil futures lowered by $0.45, down to $97.49 per barrel.

    On the global currency market EUR/USD is going up again. Nonetheless, 1.3660 is a risky level for the pair. Important statistics are to be published today – US non-farm payroll data and jobless rates. These figures may accelerate the pair’s growth.

    Anna Gorenkova
    NordFX Analyst
     
  7. Julia NordFX

    Julia NordFX Broker Representative

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    Slump on Markets

    Yesterday world financial markets ended mainly with a slump. As such, in Europe the British FTSE 100 shed 1.59% down to 6,246.11 points, the German DAX 30 – 2.13% down to 7,666.86 points and the French CAC 40 – 3% down to 3,659.91 points.

    In Russia the MICEX index fell 0.77% down to 1,535.35 points while the RTS index fell 0.94% making 1,612.98 points.

    In the USA the DJIA went down by 0.93% and reached 13,880.08 points, the hi-tech NASDAQ shed 1.51% and was at 3,131.17 points, the S&P 500 BMI contracted by 1.15% down to 1,495.71 points.

    By the end trading on the London exchange the price of March futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.16, down to $115.60 per barrel. On the New York exchange the price of March WTI oil futures fell $1.60, down to $97.17 per barrel.

    According to the Spanish agency EFE, Secretary General of the Spanish Socialist Workers' Party Alfredo Pérez Rubalcaba called on Spain’s Prime Minister Mariano Rajoy to resign after the publication of documents implicating the head of the government in a corruption scandal in connection with former party treasurer Luis Bárcenas. The scandal first blew up with the release of information that Bárcenas held millions of euros in Swiss accounts. Rajoy strongly denied the allegations and said he was going to post his tax statements on the party website. Amid all this, the yield for Spanish 10-year bonds increased and reached a six week maximum of 5.44% during trading.

    On the Forex market EUR/USD is also going down. The fall can stop at 1.3460 – a good support and the short-term MA level.
    Feb05.JPG

    Anna Gorenkova
    NordFX Analyst
     
    Last edited: Feb 5, 2013
  8. Julia NordFX

    Julia NordFX Broker Representative

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    Markets Finished in Green Zone

    Yesterday stock markets ended mainly on a rise. In Europe Britain’s FTSE 100 advanced 0.11% up to 6,283.52 points, Germany’s DAX 30 grew 0.39% and got to 7,667.7 points while the French CAC 40 gained 1% making 3,694.7 points.

    In Russia the MICEX index went up by 0.33% to 1,540.36 points, and the RTS index gained 0.11% and made 1,614.28 points.

    In the USA the Dow Jones was up 0.71% reaching 13,979.30 points, the NASDAQ advanced 1.29% up to 3,171.58 points, the S&P 500 grew 1.04% up to 1,511.29 points.

    On Tuesday world oil prices rose due to the positive economic news from the USA. By the end trading on the London exchange the price of March futures for the North Sea petroleum mix of mark Brent Crude Oil went up by $0.92, to $116.52 per barrel. On the New York exchange the price of March light WTI oil futures rose by $0.47, up to $96.64 per barrel.

    On the global Forex market EUR/USD couldn’t get over the 1.3460 mark. The pair is again at 1.3580.

    Anna Gorenkova
    NordFX Analyst
     
  9. Julia NordFX

    Julia NordFX Broker Representative

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    Markets Halted For Now

    Yesterday world financial markets ended mixed. Thus, in Europe Britain’s FTSE 100 advanced 0.18% up to 6,294.19 points, the German DAX 30 went down by 0.97% and made 7,590.55 points while the French CAC 40 shed 1.4% reaching 3,642.9 points.

    Russia’s indices fell 0.7% - the MICEX down to 1,530.38 points and the RTS down to 1.602.99 points.

    In the United States the Dow Jones Industrial index finished in the black on the contrary – the increase was 0.71% up to 13,979.30 points. The NASDAQ grew 1.29% up to 3,171.58 points and the S&P 500 - 1.04% up to 1,511.29 points.

    By the end of trading on the London exchange the price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.21, up to $116.73 per barrel. On the New York exchange the price of March futures for light WTI oil lowered by $0.02, down to $96.62 per barrel.

    On the Forex market EUR/USD is within the range of 1.3580-1.3460. At this point there are no indications as to the pair’s further movement.

    Anna Gorenkova
    NordFX Analyst
     
  10. Julia NordFX

    Julia NordFX Broker Representative

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    Trading Ended Mixed

    Last Friday world financial markets closed mixed. In Europe, in particular, Britain’s FTSE 100 advanced 0.58% up to 6,264.76 points, Germany’s DAX 30 grew 0.72% and made 7,645.4 points while France’s CAC 40 gained 1.3% reaching 3,649.5 points.

    In Russia the MICEX index fell 0.4% and was at 1,519.91 points, the RTS index shed 0.3% down to 1,590.13 points.

    In the USA the Dow Jones index grew 0.35% up to 13,992.97 points, the NASDAQ advanced 0.91% up to 3,193.87 points, and the S&P 500 was up by 0,57% making 1,517.93 points.

    By the end of trading on the London exchange the price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.66, up to $118.90 per barrel. On the New York exchange the price of March futures for light WTI oil lowered by $0.11, down to $95.72 per barrel.

    The Forex market saw EUR/USD go down to the next support level – 1.3360. Now it’s experiencing a correction. If the news background is favorable, the pair can go down to 1.3275 but so far technically the situation is not conducive to it.

    Anna Gorenkova
    NordFX Analyst
     
  11. Julia NordFX

    Julia NordFX Broker Representative

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    Still No Common Trend on Markets

    Yesterday world financial markets ended mixed again, which had to do partly with a national holiday in Japan and a trading break on the Tokyo stock exchange. Thus, in Europe the British FTSE 100 gained 0.16% and made 6,274.07 points, the German DAX 30 fell 0.2% down to 7,639.56 points whereas the French CAC 40 advanced 0.1% and was trading at 3,653.33 points.

    In Russia the MICEX index went down by 0.26% and reached 1,515.89 points while the RTS index fell 0.51% down to 1,581.95 points.

    In the United States the Dow Jones index shed 0.16% down to 13,971.24 points, the S&P fell 0.06% down to 1,517.01 points, and the Nasdaq climbed down by 0.06% to 3,192.01 points.

    By the end of trading on the London exchange the price of March futures for the North Sea petroleum mix of mark Brent Crude Oil dropped by $0.77, down to $118.13 per barrel. On the New York exchange the price of March futures for light WTI oil rose by $1.31, up to $97.03 per barrel.

    On the global Forex market EUR/USD is still storming the 1.3360 level. It may succeed any day now. Then the next hurdle will be 1.3275.

    Anna Gorenkova
    NordFX Analyst
     
  12. Julia NordFX

    Julia NordFX Broker Representative

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    Markets Finished Mainly with a Slump

    Yesterday the world’s stock markets closed with a slump in major indices. As such, in Europe the British FTSE 100 closed with a 0.48% drop and made 6,326.43 points, the French CAC 40 shed 0.48% down to 3,680.82 points while Germany’s DAX 30 fell 0.97% reaching 7,636.03 points.

    In Russia the MICEX index went down by 1.22% to 1,519.22 points, and the RTS index fell 1.51% down to 1,588.31 points.

    US indices closed at zero rates due to the reports that Democratic senators were planning to submit a new proposal to postpone budget cuts. The proposal suggests that budget cuts could be delayed for another 10 months. Earlier Harry Reid, leader of the Senate Democratic majority, had already spoken about this initiative by Democrats. According to their plan, budget slashes would be compensated by tax hikes in the sectors that didn’t suffer from cuts. Such measures could reduce the US budget deficit by 120 billion dollars in the coming 10 years.

    By the end of trading the price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.12, up to $118 per barrel. The price of March futures for light WTI oil went up by $0.30, to $97.31 per barrel.

    On the Forex market EUR/USD is still within the 1.3360-1.3460 range. However, at this point the pair may well go down to 1.3275.

    Anna Gorenkova
    NordFX Analyst
     
  13. Julia NordFX

    Julia NordFX Broker Representative

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    Slump on Markets by Weekend

    Last Friday world financial markets closed predominantly with a fall in major indices. As such, in Europe the British FTSE 100 grew 0.25% and made 6,343.37 points, the French CAC 40 fell 0.1% down to 3,665.99 points while the German DAX 30 shed 0.33% down to 7,605.82 points.

    In Russia the MICEX index fell 0.72% down to 1,508.17 points and the RTS index – 0.7% down to 1,577.26 points.

    In the USA the Dow Jones index advanced 0.06% up to 13,981.76 points, the NASDAQ went down by 0.21 to 3,192.03 points, and the S&P 500 fell 0.10% reaching 1,519.79 points.

    By the end of trading the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.34, down to $117.66 per barrel. The price of March WTI oil futures went down by $1.45, to $95.86 per barrel.

    On the Forex market EUR/USD opened below 1.3360. Nonetheless, it’ll have to cover a small gap today. Still, the pair is well capable of going down to 1.3275.

    Anna Gorenkova
    NordFX Analyst
     
  14. Julia NordFX

    Julia NordFX Broker Representative

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    Markets in Wait for New Boosts So Far

    On the first day of the trading week stock markets finished mixed. As such, in Europe the British FTSE 100 fell 0.16% and made 6,318.19 points, the German DAX index grew 0.46% up to 7,628.73 points, and the French CAC 40 advanced 0.18% reaching 3,667.04 points.

    Investors’ mood was influenced by ECB Head Mario Draghi’s speech in the European parliament. He said that the euro exchange rate was an important factor but not the end goal of the policy. Draghi also mentioned that he foresaw some risks in the process of the eurozone’s economic recovery.

    According to Monday’s results, both RTS and MICEX indices grew 0.1% and were at 1,578.65 points and 1,510.35 points respectively.

    On London’s InterсontinentalExchange the weighted average cost of front-month oil futures was $117.38 per barrel, after going down by $0.28. There was no trading in the USA due to a national holiday.

    On the Forex market EUR/USD ended with a daily doji. The pair is going down reluctantly even though it closed below the resistance level of 1.3360. If the pair reaches 1.3280, it’s better to stop selling.

    Anna Gorenkova
    NordFX Analyst
     
  15. Julia NordFX

    Julia NordFX Broker Representative

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    Hike on Markets but No Bright Prospects

    Last Friday world financial markets closed on a rise. As such, in Europe the British FTSE 100 went up by 0.63% to 6,330.88 points, the German DAX 30 grew 0.93% and made 7,654.43 points while the French CAC 40 gained 2.3% reaching 3,706.28 points.

    On the Russian market the MICEX index grew 0.19% up to 1,496.61 points, the RTS index was up 0.15% and made 1,551,04 points.

    In the USA the Dow Jones index advanced 0.86% up to 14,000.57 points, the NASDAQ grew 0.97% up to 3,161.82 points, and the S&P 500 was up 0.88% making 1,515.60 points.

    By the end of trading the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.57, up to $114.10 per barrel. The price of April futures for light WTI oil went up by $0.29, to $93.13 per barrel.

    Despite Friday’s hike on the markets, there’s not much to rejoice about. US President Barack Obama assumed that Democrats and Republicans wouldn’t come to an agreement on the budget, which will bring about automatic budget cuts to the tune of 1.2 trillion dollars in the next ten years. Consequently, it will put into question not only the country’s economic growth rate but its growth in general. Automatic spending cuts can take place by 1 March already. European news added more gloom – Germany’s GDP did shrink by 0.6% in the fourth quarter of 2012 whereas the European Commission lowered its outlook for the eurozone’s GDP growth in 2013 from a positive 0.1% to a negative 0.3%.

    On the global Forex market EUR/USD is moving towards 1.3125.

    Anna Gorenkova
    NordFX Analyst
     
  16. Julia NordFX

    Julia NordFX Broker Representative

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    Europe Unsettles Investors

    Yesterday world financial markets closed mainly with a slump. Thus, the British FTSE 100 shed 1.35% down to 6,269,46 points, the German DAX 30 contracted by 2,15% and made 7,605.97 points while the French CAC 40 fell 2.61% down to 3,624.28 points.

    In Russia the MICEX index went down by 1.26% to 1,484.67 and the RTS index – by 2.19% reaching 1,530.82 points.

    In the USA the Dow Jones index grew 0.84% up to 13,900.13 points, the NASDAQ advanced 0.43% reaching 3,129.65 points, and the S&P 500 was up 0.61% making 1,496.94 points.

    On NYMEX the price quotations for April WTI oil futures went down by $0.48 and traded at $92.63 per barrel. On London’s ICE the price of April Brent oil futures lowered by $1.73, down to $112.71 per barrel.

    The drop in the indices was linked to the results of the parliamentary elections in Italy where no party gained the majority of seats. This indicates that Italy won’t experience stability, which may undermine the eurozone’s financial soundness. Besides, Portugal’s opposition is demanding a revision of the conditions of the 78 billion euro bailout. They claim that the austerity program has been inefficient. As a way out, the opposition proposes deferral of payments.

    On the Forex market EUR/USD reached the levels predicted earlier and is at the long-term MA currently. Simultaneously the pair entered the correction range it had been in basically from September to December 2012.

    Anna Gorenkova
    NordFX Analyst
     
  17. Julia NordFX

    Julia NordFX Broker Representative

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    Markets Can’t Pick Direction Again

    Yesterday the world’s financial markets ended mixed. In particular, Europe saw Britain’s FTSE 100 grow 0.72% up to 6,371.83 points, Germany’s DAX 30 – 0.94% up to 7,747.69 points and France’s CAC 40 advance 0.99% up to 3,728.12 points.

    In Russia the RTS index grew 0.25% reaching 1,534.41 points whereas the MICEX index shed 0.08% down to 1,486.04 points.

    In the USA the Dow Jones Industrial Average went down by 0.15% to 14,054.49 points, the Standard & Poor's 500 climbed down 0.09% over the day and made 1,514.68 points while the value of the Nasdaq Composite fell 0.07%, down to 3,160.19 points, by the end of trading.

    On London’s InterсontinentalExchange April Brent oil futures were down by $0.49 and finished trading at $111.38 per barrel. On the New York Mercantile Exchange the price of April WTI oil futures lowered by $0.71, down to $92.05 per barrel.

    According to the U.S. Department of Commerce, the American economy grew just 0.1% in the fourth quarter of 2012 while analysts expected a more considerable increase – 0.5%. The nervousness of market participants was heightened by the statements made by IMF spokesman William Murray. The organization can change its outlook for the US economic growth in case automatic spending cuts take place (which should happen 1 March).

    On the Forex market EUR/USD is still hanging about the long-term daily MA.

    Anna Gorenkova
    NordFX Analyst
     
  18. Julia NordFX

    Julia NordFX Broker Representative

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    Still No Definite Trend on Markets

    Last Friday world financial markets finished mixed. As such, in Europe Britain’s FTSE 100 advanced 0.35% up to 6,382.91 points, Germany’s DAX 30 fell 0.24% down to 7,723.23 points, and France’s CAC 40 shed 0.39% reaching 3,708.65 points.

    In Russia the MICEX index went down by 0.84% to 1,473.54 points and the RTS index – by 1.6% making 1,509.8 points.

    In the USA the Dow Jones Industrial index grew 0.25% and made 14.089.66 points, the hi-tech NASDAQ gained 0.3% and reached 3,169.74 points while the S&P 500 BMI advanced 0.23% up to 1,518.20 points.

    On Friday the main deterrent was the news that Congress and the US administration couldn’t negotiate avoiding the budget sequester. Cuts to the tune of 1.2 trillion dollars in the coming ten years and already 85 billion dollars by the end of this financial year, equally split between the military and civil sectors, will start after 1 March.

    By the end of trading on the London stock exchange the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.49, down to $111.38 per barrel. On the New York stock exchange the price of April futures for light WTI oil went down by $0.71, to $92.05 per barrel.

    On the Forex market EUR/USD consolidated below the long-term daily MA last Friday. Now it can move to 1.2850 provided the news background is favorable.

    Anna Gorenkova
    NordFX Analyst
     
  19. Julia NordFX

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    No Common Trend So Far

    Yesterday world financial markets closed mixed again. As such, in Europe the British FTSE 100 fell 0.07% and made 6,427.64 points, the German DAX 30 grew 0.62% up to 7,919.33 points whereas the French CAC 40 was down 0.35% and reached 3,773.76 points.

    In Russia the MICEX index advanced 0.49% up to 1,491.49 points and the RTS index – 0.39% up to 1,529.32 points.

    In the USA the Dow Jones Industrial Average went up by 0.3% and reached 14,296.24 points, the hi-tech NASDAQ shed 0.05% down to 3,222.37 points while the S&P 500 BMI grew 0.11% up to 1,541.46 points.

    On NYMEX the price quotations of April WTI oil futures were down by $0.39 and made $90.43 per barrel. On London’s ICE April Brent oil futures went down by $0.55 and reached $111.06 per barrel.

    Investors’ pessimistic sentiments were caused by weak statistics from the USA where the volume of industrial orders decreased by 2% in January in comparison with December 2012. Stock exchange players are also concerned that the latest quotations rise has to do not with fundamental macroeconomic indicators but with the soft monetary policies of the Federal Reserve and other leading central banks. Besides, investor activity weakened in anticipation of the board meetings of the European Central Bank and the Bank of England 7 March.

    EUR/USD is confidently moving down to 1.2850.

    Anna Gorenkova
    NordFX Analyst
     
  20. Julia NordFX

    Julia NordFX Broker Representative

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    Indices Closed Variously

    Yesterday world financial markets ended mixed. Thus, in Europe, after the issue of a series of macroeconomic data for Portugal and China and due to the negative impact from Italy’s rating downgrade, the British FTSE 100 advanced 0.28% and made 6,483.58 points, the German DAX 30 fell 0.03% down to 7,984.29 points while the French CAC 40 shed 0.1% and reached 3,836.27 points.

    In Russia the RTS index grew 0.51% making 1,539.87 points and the MICEX index advanced 0.85% up to 1,504.05 points.

    In the USA the Dow Jones Industrial Average went up by 0.35% and reached 14,447.29 points, the hi-tech NASDAQ gained 0.26% and made 3,252.87 points, the S&P 500 BMI grew 0.32% up to 1,556.22 points.

    The price of April futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.11, up to $92.06 per barrel. The price of April WTI oil futures lowered by $0.63, down to $110.22 per barrel.

    Investors weren’t encouraged by Saturday’s statistics from China. Last month China’s industrial production output increased by 9.9%, although analysts expected a 10.6% rise. With that, the country’s retail sales went up by 12.3% in February, the forecast being a 15% increase. Besides, last Saturday it became known that China’s inflation rate grew up to 3.2% in February in comparison with 2% the month before, while it was expected to be at 3%.

    On the Forex market EUR/USD is still at the daily long-term MA. Nonetheless, the pair is able to go to 1.2850. One only needs to wait for the right macrostatistics.

    Anna Gorenkova
    NordFX Analyst
     
  21. Julia NordFX

    Julia NordFX Broker Representative

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    No New Developments

    Yesterday stock markets closed mixed. In particular, in Europe the British FTSE 100 grew 0.09% up to 5,892.75 points, the German DAX 30 – 0.31% up to 6,901.35 points, and the French CAC 40 advanced 0.07% up to 3,490.06 points.

    In Russia the MICEX index shed 0.15% and made 1,501.76 points whereas the RTS index gained 0.17% going up to 1,542.55 points.

    In the United States the NASDAQ dropped 0.32% reaching 3,242.30 points while the S&P 500 fell 0.24% down to 1,552.44 points.

    On NYMEX the price quotations for April WTI oil futures rose by $0.48 and made $92.54 per barrel. On London’s ICE April Brent oil futures went down by $0.57 and reached $109.65 per barrel.

    On the Forex market EUR/USD is currently at the same level as yesterday.

    Anna Gorenkova
    NordFX Analyst