Julia NordFX
Broker Representative
-
The Forex, Binary Options Forum - welcomes you to our Community!DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.
Please take a look around, and feel free to .
Daily market analysis by NordFX
- Thread starter Julia NordFX
- Start date
Julia NordFX
Broker Representative
Continuing Crash on Stock and Commodities Markets
Last Friday the world’s financial markets saw major indices slump again. In Europe, due to a decline in economic indicators in the region, the British FTSE 100 fell 1.43 percent down to 6,339.97 points, the French CAC 40 dropped 1.64 percent down to 4,073.71 points, and the German DAX 30 shed 2.4 percent finishing the trading session at 8,788.81 points.
On the Russian floor, as oil prices generally continue to go down, the MICEX index fell 1.45 percent down to 1,364.24 points while the RTS index plunged 2.25 percent down to 1,064.29 пункта.
In the USA, the Dow Jones dropped 0.69 percent down to 16,544.10 points, the S&P 500 BMI declined 1.15 percent closing at 1,906.13 points, and the NASDAQ Composite fell 2.33 percent down to 4,276.24 points.
The NYMEX price of WTI oil futures for November rose by $0.05, up to $85.82 a barrel. On London’s ICE, the price of Brent oil futures for November delivery went up by $0.16 and made $90.21 a barrel.
On the global currency market, EUR/USD is so far holding at about the same level while correcting in the range of 1.2780-1.2510.
Anna Gorenkova
NordFX Analyst
Last Friday the world’s financial markets saw major indices slump again. In Europe, due to a decline in economic indicators in the region, the British FTSE 100 fell 1.43 percent down to 6,339.97 points, the French CAC 40 dropped 1.64 percent down to 4,073.71 points, and the German DAX 30 shed 2.4 percent finishing the trading session at 8,788.81 points.
On the Russian floor, as oil prices generally continue to go down, the MICEX index fell 1.45 percent down to 1,364.24 points while the RTS index plunged 2.25 percent down to 1,064.29 пункта.
In the USA, the Dow Jones dropped 0.69 percent down to 16,544.10 points, the S&P 500 BMI declined 1.15 percent closing at 1,906.13 points, and the NASDAQ Composite fell 2.33 percent down to 4,276.24 points.
The NYMEX price of WTI oil futures for November rose by $0.05, up to $85.82 a barrel. On London’s ICE, the price of Brent oil futures for November delivery went up by $0.16 and made $90.21 a barrel.
On the global currency market, EUR/USD is so far holding at about the same level while correcting in the range of 1.2780-1.2510.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Generalized Forex Forecast for 13-17 October 2014
Colleagues,
In order to help facilitate our work in the field of Forex, I bring to your attention a summary table in which I collected the opinions of 35 analysts and leading world banks and broker firms as well as forecasts made based on most different methods of technical analysis (26 indicators and special programs).
Please note that I am not making my own forecasts but simply gathering together opinions of different sources on the upcoming movements of the main major pairs. I hope this information will help you set your goals for this week. Or, at least, save you from making wrong moves.
I would be genuinely pleased if you, colleagues, do not just pass by but also share your own information on this subject.
Roman Butko, NordFX
WE DO NOT ADVISE, WE INFORM!
Colleagues,
In order to help facilitate our work in the field of Forex, I bring to your attention a summary table in which I collected the opinions of 35 analysts and leading world banks and broker firms as well as forecasts made based on most different methods of technical analysis (26 indicators and special programs).
Please note that I am not making my own forecasts but simply gathering together opinions of different sources on the upcoming movements of the main major pairs. I hope this information will help you set your goals for this week. Or, at least, save you from making wrong moves.
I would be genuinely pleased if you, colleagues, do not just pass by but also share your own information on this subject.
Roman Butko, NordFX
WE DO NOT ADVISE, WE INFORM!
Julia NordFX
Broker Representative
Oil Prices Go Down Again
Yesterday world financial markets finished trading with mixed results. Major European indices closed in the red – Britain’s FTSE 100 grew 0.41 percent up to 6,366.24 points, Germany’s DAX gained 0.27 percent up to 8,812.43 points, and France’s САС 40 added 0.12 percent finishing the trading session at 4,078.70 points.
On the Russian floor, there was a rise of equity as well – the MICEX index advanced 1.44 percent up to 1,383.93 points while the RTS index grew 1.15 percent up to 1,076.58 points.
American floors, on the contrary, saw an equity decline yesterday – the Dow Jones Industrial Average fell 1.35 percent down to 16,321.07 points, the Standard & Poor's 500 dropped 1.65 percent down to 1,874.74 points, and the NASDAQ Composite shed 1.46 percent reaching 4,213.66 points.
Oil prices also went down due to reports that Iraq, second-biggest OPEC oil producer in the world, was lowering its oil costs for Asian and European deliveries. On the NYMEX, the price of the WTI oil future for November went down by $0.08 and stopped at $85.74 a barrel. On London’s ICE, the price of November Brent oil futures dropped by $1.32 and closed at $88.89 a barrel.
On the global Forex market, EUR/USD is experiencing a further correction.
Anna Gorenkova
NordFX Analyst
Yesterday world financial markets finished trading with mixed results. Major European indices closed in the red – Britain’s FTSE 100 grew 0.41 percent up to 6,366.24 points, Germany’s DAX gained 0.27 percent up to 8,812.43 points, and France’s САС 40 added 0.12 percent finishing the trading session at 4,078.70 points.
On the Russian floor, there was a rise of equity as well – the MICEX index advanced 1.44 percent up to 1,383.93 points while the RTS index grew 1.15 percent up to 1,076.58 points.
American floors, on the contrary, saw an equity decline yesterday – the Dow Jones Industrial Average fell 1.35 percent down to 16,321.07 points, the Standard & Poor's 500 dropped 1.65 percent down to 1,874.74 points, and the NASDAQ Composite shed 1.46 percent reaching 4,213.66 points.
Oil prices also went down due to reports that Iraq, second-biggest OPEC oil producer in the world, was lowering its oil costs for Asian and European deliveries. On the NYMEX, the price of the WTI oil future for November went down by $0.08 and stopped at $85.74 a barrel. On London’s ICE, the price of November Brent oil futures dropped by $1.32 and closed at $88.89 a barrel.
On the global Forex market, EUR/USD is experiencing a further correction.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Correction for the previous post:
Yesterday world financial markets finished trading with mixed results. Major European indices closed in the black – ...
Yesterday world financial markets finished trading with mixed results. Major European indices closed in the black – ...
Julia NordFX
Broker Representative
Further Sharp Decline in Markets
Yesterday world financial markets closed mainly with a slump in light of released corporate reports and negative macroeconomic data. In Europe as such, the British FTSE 100 fell 1.68 percent down to 6,285.41 points, Germany’s DAX 30 dropped 2.16 percent closing at 8,634.50 points, and the French CAC 40 shed 3.63 percent down to 3,939.72 points.
On the Russian floor, the MICEX index fell 1.22 percent down to 1,377.09 points and the RTS index – 0.78 percent down to 1,067.05 points.
In the USA, the Dow Jones dropped 1.06 percent down to 16,141.74 points, the S&P 500 closed at 1,862.49 points after losing 0.81 percent while the NASDAQ Composite fell 0.28 percent finishing the trading day at 4,215.32 points.
The NYMEX price of WTI oil futures for November went down by $1.07 and reached $80.71 a barrel. On London’s ICE, the cost of Brent oil futures for November delivery got lower by $0.87 and made $82.91 a barrel.
On the Forex market, EUR/USD continues its upward correction. The correction range can expand to 1.2990.
Anna Gorenkova
NordFX Analyst
Yesterday world financial markets closed mainly with a slump in light of released corporate reports and negative macroeconomic data. In Europe as such, the British FTSE 100 fell 1.68 percent down to 6,285.41 points, Germany’s DAX 30 dropped 2.16 percent closing at 8,634.50 points, and the French CAC 40 shed 3.63 percent down to 3,939.72 points.
On the Russian floor, the MICEX index fell 1.22 percent down to 1,377.09 points and the RTS index – 0.78 percent down to 1,067.05 points.
In the USA, the Dow Jones dropped 1.06 percent down to 16,141.74 points, the S&P 500 closed at 1,862.49 points after losing 0.81 percent while the NASDAQ Composite fell 0.28 percent finishing the trading day at 4,215.32 points.
The NYMEX price of WTI oil futures for November went down by $1.07 and reached $80.71 a barrel. On London’s ICE, the cost of Brent oil futures for November delivery got lower by $0.87 and made $82.91 a barrel.
On the Forex market, EUR/USD continues its upward correction. The correction range can expand to 1.2990.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Equity Slump Slowed Down, Dollar Correcting
Yesterday the equity slump slowed down a little, however, the downward trend continues. European indices kept going down in light of Eurozone inflation data – Britain’s FTSE 100 fell 0.83 percent down to 6,160.16 points, Germany’s DAX 30 shed 0.49 percent down to 8,530.12 points, and France’s CAC 40 dropped 0.54 percent finishing the trading session at 3,918.62 points.
On the Russian floor, the MICEX index fell 1.22 percent down to 1,360.33 points, and the RTS index slumped 2.04 percent reaching 1,045.23 points.
In the United States, the Dow Jones fell 0.15 percent down to 16,117.24 points, the S&P 500 closed at 1,862.76 points adding 0.01 percent, while the NASDAQ Composite grew 0.05 percent closing the day at 4,217.39 points.
On the NYMEX, the price of November WTI oil futures rose by $0.92 and made $82.70 a barrel. On the ICE, the price of Brent oil futures for November went up by $0.69, ending up at $84.47 a barrel.
On the Forex market, EUR/USD carries on with its upward correction.
Anna Gorenkova
NordFX Analyst
Yesterday the equity slump slowed down a little, however, the downward trend continues. European indices kept going down in light of Eurozone inflation data – Britain’s FTSE 100 fell 0.83 percent down to 6,160.16 points, Germany’s DAX 30 shed 0.49 percent down to 8,530.12 points, and France’s CAC 40 dropped 0.54 percent finishing the trading session at 3,918.62 points.
On the Russian floor, the MICEX index fell 1.22 percent down to 1,360.33 points, and the RTS index slumped 2.04 percent reaching 1,045.23 points.
In the United States, the Dow Jones fell 0.15 percent down to 16,117.24 points, the S&P 500 closed at 1,862.76 points adding 0.01 percent, while the NASDAQ Composite grew 0.05 percent closing the day at 4,217.39 points.
On the NYMEX, the price of November WTI oil futures rose by $0.92 and made $82.70 a barrel. On the ICE, the price of Brent oil futures for November went up by $0.69, ending up at $84.47 a barrel.
On the Forex market, EUR/USD carries on with its upward correction.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
From Slump to Rise
Last Friday, after a lengthy decline, world financial markets closed on the rise due to a favorable news background. In particular, in October the US economic sentiment index went up to its highest level since 2007 while Iran’s government said they were willing to take measures to stabilize oil prices.
In Europe, the British FTSE 100 grew 1.85 percent up to 6,310.29 points, the German DAX shot up by 3.12 percent getting to 8,850.27 points, and the French CAC 40 advanced 2.92 percent finishing the trading session at 4,033.18 points.
Even the Russian trading floor showed a positive dynamic – the MICEX index grew 1.79 percent up to 1,384.72 points while the RTS index added 2.65 percent making 1,072.94 points.
In the USA, the Dow Jones Industrial Average gained 1.6 percent up to 16,380.41 points, the NASDAQ Composite grew 1 percent ending up at 4,257.47 points, and the Standard & Poor’s 500 picked up 1.3% reaching 1,886.76 points.
On Friday, oil prices also posted a rise – the NYMEX price of WTI oil futures for November went up by $0.05 making $82.75 a barrel whereas the ICE price of Brent oil futures for November delivery was up by $1.77 finishing the day at $86.24 a barrel.
At the same time on the global Forex market, EUR/USD continues with an upward correction within the same range. Nevertheless, the latest two candles on the weekly chart indicate that the pair seems to want to go down some more.
Anna Gorenkova
NordFX Analyst
Last Friday, after a lengthy decline, world financial markets closed on the rise due to a favorable news background. In particular, in October the US economic sentiment index went up to its highest level since 2007 while Iran’s government said they were willing to take measures to stabilize oil prices.
In Europe, the British FTSE 100 grew 1.85 percent up to 6,310.29 points, the German DAX shot up by 3.12 percent getting to 8,850.27 points, and the French CAC 40 advanced 2.92 percent finishing the trading session at 4,033.18 points.
Even the Russian trading floor showed a positive dynamic – the MICEX index grew 1.79 percent up to 1,384.72 points while the RTS index added 2.65 percent making 1,072.94 points.
In the USA, the Dow Jones Industrial Average gained 1.6 percent up to 16,380.41 points, the NASDAQ Composite grew 1 percent ending up at 4,257.47 points, and the Standard & Poor’s 500 picked up 1.3% reaching 1,886.76 points.
On Friday, oil prices also posted a rise – the NYMEX price of WTI oil futures for November went up by $0.05 making $82.75 a barrel whereas the ICE price of Brent oil futures for November delivery was up by $1.77 finishing the day at $86.24 a barrel.
At the same time on the global Forex market, EUR/USD continues with an upward correction within the same range. Nevertheless, the latest two candles on the weekly chart indicate that the pair seems to want to go down some more.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Generalized Forex Forecast for 20-24 October 2014
Colleagues,
To help facilitate your hard work in the field of forex, I bring to your attention a summary table in which I collected the opinions of 35 analysts and leading world banks and broker companies as well as forecasts based on most different methods of technical analysis (26 indicators and special programs).
As for the last week’s forecast, overall it came true for three pairs out of the four:
- the GBP/USD pair experienced the predicted drop to 1.5870 as well as the predicted reversal that returned it to the market risk level;
- for the USD/JPY pair experts predicted a sideways trend which happened, although with quite high volatility;
- the USD/CHF also experienced the predicted drop and reversal;
- yet for the EUR/USD pair the majority of "votes" predicted a steady drop and only one system of graphical forecasting showed a growth towards 1.2830. It is this exact scenario that was realized with almost 100% accuracy.
Roman Butko, NordFX
WE DO NOT ADVISE, WE INFORM!
Colleagues,
To help facilitate your hard work in the field of forex, I bring to your attention a summary table in which I collected the opinions of 35 analysts and leading world banks and broker companies as well as forecasts based on most different methods of technical analysis (26 indicators and special programs).
As for the last week’s forecast, overall it came true for three pairs out of the four:
- the GBP/USD pair experienced the predicted drop to 1.5870 as well as the predicted reversal that returned it to the market risk level;
- for the USD/JPY pair experts predicted a sideways trend which happened, although with quite high volatility;
- the USD/CHF also experienced the predicted drop and reversal;
- yet for the EUR/USD pair the majority of "votes" predicted a steady drop and only one system of graphical forecasting showed a growth towards 1.2830. It is this exact scenario that was realized with almost 100% accuracy.
Roman Butko, NordFX
WE DO NOT ADVISE, WE INFORM!
Julia NordFX
Broker Representative
One-off Rise Yesterday
Yesterday most of the world’s financial markets posted a drop in rates again. As such in Europe, the British FTSE 100 fell 0.68 percent down to 6,267.07 points, the German DAX slumped 1.50 percent down to 8,717.76 points, and the French CAC 40 shed 1.04 percent reaching 3,991.24 points.
There were no grounds for a rise in Russia either – the rouble is getting weaker against the dollar again, and Moody’s lowered Russia’s credit rating. This resulted in the MICEX index falling 0.60 percent down to 1,376.36 points and the RTS index shedding 1.51 percent down to 1,056.71 points.
In the USA, the Dow Jones Industrial Average grew 0.12 percent up to 16,399.67 points, the NASDAQ Composite advanced 1.35 percent closing at 4,316.07 points, and the Standard & Poor’s 500 gained 0.91 percent making 1,904.01 points.
On the NYMEX, the price of WTI oil futures for November went down by $0.04 and reached $82.71 a barrel. On London’s ICE, the Brent oil future for December got lower by $0.76 and closed at $85.14 a barrel.
On the Forex market, EUR/USD continues its correction.
Anna Gorenkova
NordFX Analyst
Yesterday most of the world’s financial markets posted a drop in rates again. As such in Europe, the British FTSE 100 fell 0.68 percent down to 6,267.07 points, the German DAX slumped 1.50 percent down to 8,717.76 points, and the French CAC 40 shed 1.04 percent reaching 3,991.24 points.
There were no grounds for a rise in Russia either – the rouble is getting weaker against the dollar again, and Moody’s lowered Russia’s credit rating. This resulted in the MICEX index falling 0.60 percent down to 1,376.36 points and the RTS index shedding 1.51 percent down to 1,056.71 points.
In the USA, the Dow Jones Industrial Average grew 0.12 percent up to 16,399.67 points, the NASDAQ Composite advanced 1.35 percent closing at 4,316.07 points, and the Standard & Poor’s 500 gained 0.91 percent making 1,904.01 points.
On the NYMEX, the price of WTI oil futures for November went down by $0.04 and reached $82.71 a barrel. On London’s ICE, the Brent oil future for December got lower by $0.76 and closed at $85.14 a barrel.
On the Forex market, EUR/USD continues its correction.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Oil Prices Near 80 USD Again
Yesterday world financial markets finished trading mixed. European floors closed on the rise due to the ECB’s announcements about enhancing stimulus measures. Wednesday’s trading resulted in the British FTSE 100 gaining 0.43 percent up to 6,399.73 points, the German DAX 30 advancing 0.6 percent up to 8,940.14 points and the French CAC 40 growing 0.58 percent and wrapping up the day at 4,105.09 points.
In Russia, the MICEX index grew 0.51 percent up to 1,383.35 points, and the RTS index picked up 0.68 percent closing at 1,063.86 points.
In the United States, the Dow Jones Industrial Average, on the contrary, fell 0.92 percent down to 16,461.32 points, the Standard & Poor's 500 dropped 0.73 percent down to 1,927.11 points while the NASDAQ Composite shed 0.83 percent down to 4,382.85 points.
On the NYMEX, the price of WTI oil futures for December got lower by $1.97 reaching $80.52 a barrel. On London’s ICE, the December future for Brent oil went down by $1.51 and ended up at $84.71 a barrel.
On the Forex market, the dollar is getting stronger again. EUR/USD keeps moving within the correction range and towards its bottom boundary, i.e. a new peak of 1.2510.
Anna Gorenkova
NordFX Analyst
Yesterday world financial markets finished trading mixed. European floors closed on the rise due to the ECB’s announcements about enhancing stimulus measures. Wednesday’s trading resulted in the British FTSE 100 gaining 0.43 percent up to 6,399.73 points, the German DAX 30 advancing 0.6 percent up to 8,940.14 points and the French CAC 40 growing 0.58 percent and wrapping up the day at 4,105.09 points.
In Russia, the MICEX index grew 0.51 percent up to 1,383.35 points, and the RTS index picked up 0.68 percent closing at 1,063.86 points.
In the United States, the Dow Jones Industrial Average, on the contrary, fell 0.92 percent down to 16,461.32 points, the Standard & Poor's 500 dropped 0.73 percent down to 1,927.11 points while the NASDAQ Composite shed 0.83 percent down to 4,382.85 points.
On the NYMEX, the price of WTI oil futures for December got lower by $1.97 reaching $80.52 a barrel. On London’s ICE, the December future for Brent oil went down by $1.51 and ended up at $84.71 a barrel.
On the Forex market, the dollar is getting stronger again. EUR/USD keeps moving within the correction range and towards its bottom boundary, i.e. a new peak of 1.2510.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Markets on the Rise Again
On Thursday, the world’s financial markets closed mainly on the rise, with the exception of Russia’s equity market.
As such, European floors saw the British FTSE 100 grow 0.3 percent up to 6,419.15 points, the German DAX 30 advance 1.2 percent up to 9,047.31 points and the French CAC 40 gain 1.25 percent making 4,156.49 points.
However, the Russian equity market didn’t follow the general trend – the MICEX index fell 0.09 percent down to 1,372.92 points, and the RTS index dropped 1.1 percent down to 1,035.91 points. The latter reached its 5-year low during the day. Even rising oil prices didn’t manage to give a boost to Russian indices – investors paid attention to announcements by the Head of Russia’s Central Bank about the intention to forgo the currency corridor already this year as well as to Standard & Poor’s upcoming decision on Russia’s sovereign credit rating.
In the USA, the Dow Jones Industrial Average grew 1.32 percent up to 16,677.90 points, the Standard & Poor's 500 gained 1.23 percent up to 1,950.82 points while the NASDAQ Composite advanced 1.6 percent up to 4,452.79 points.
On Thursday, oil prices rose due to reports that Saudi Arabia considerably decreased its oil deliveries in September. The NYMEX price of WTI oil futures for December went up by $1.57 reaching $82.09 a barrel. On London’s ICE, the December Brent oil future rose by $2.12 and closed at $86.83 a barrel.
There are no new developments on the Forex market.
Anna Gorenkova
NordFX Analyst
On Thursday, the world’s financial markets closed mainly on the rise, with the exception of Russia’s equity market.
As such, European floors saw the British FTSE 100 grow 0.3 percent up to 6,419.15 points, the German DAX 30 advance 1.2 percent up to 9,047.31 points and the French CAC 40 gain 1.25 percent making 4,156.49 points.
However, the Russian equity market didn’t follow the general trend – the MICEX index fell 0.09 percent down to 1,372.92 points, and the RTS index dropped 1.1 percent down to 1,035.91 points. The latter reached its 5-year low during the day. Even rising oil prices didn’t manage to give a boost to Russian indices – investors paid attention to announcements by the Head of Russia’s Central Bank about the intention to forgo the currency corridor already this year as well as to Standard & Poor’s upcoming decision on Russia’s sovereign credit rating.
In the USA, the Dow Jones Industrial Average grew 1.32 percent up to 16,677.90 points, the Standard & Poor's 500 gained 1.23 percent up to 1,950.82 points while the NASDAQ Composite advanced 1.6 percent up to 4,452.79 points.
On Thursday, oil prices rose due to reports that Saudi Arabia considerably decreased its oil deliveries in September. The NYMEX price of WTI oil futures for December went up by $1.57 reaching $82.09 a barrel. On London’s ICE, the December Brent oil future rose by $2.12 and closed at $86.83 a barrel.
There are no new developments on the Forex market.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Markets Closed Mixed Last Friday
Last Friday trading on world financial markets produced mixed results. European stock markets finished the day in the red zone – Britain’s FTSE 100 fell 0.47 percent down to 6,388.73 points, Germany’s DAX 30 dropped 0.66 percent down to 8,987.80 points, and France’s CAC 40 shed 0.69 percent going down to 4,128.90 points.
Downbeat sentiments were caused by the fact that the results of the stress tests of European banks, which were to be published on Sunday, weren’t reassuring. Preliminary figures indicated that 25 eurozone banks would fail the test. These results were confirmed 26 October.
Russian equity posted some growth – the MICEX index advanced 0.54 percent up to 1,380.39 points, and the RTS index gained 0.07 percent up to 1,036.68 points.
Thanks to positive data for new home sales, US stock indices rose somewhat – the Dow Jones Industrial Average grew 0.76 percent up to 16,805.41 points, the Standard & Poor's 500 advanced 0.71 percent up to 1,964.58 points while the NASDAQ Composite added 0.69 percent reaching 4,483.72 points.
Last Friday, the commodity market experienced a drop in prices – the NYMEX price of WTI oil futures for December went down by $1.08 making $81.01 a barrel, and the ICE price of Brent oil futures for December delivery dropped by $0.70 down to $86.13 a barrel.
On the global Forex market, EUR/USD is staying in the middle of the correction range of 1.2510-1.2850. Traders are waiting for new impetuses to buy dollars.
Anna Gorenkova
NordFX Analyst
Last Friday trading on world financial markets produced mixed results. European stock markets finished the day in the red zone – Britain’s FTSE 100 fell 0.47 percent down to 6,388.73 points, Germany’s DAX 30 dropped 0.66 percent down to 8,987.80 points, and France’s CAC 40 shed 0.69 percent going down to 4,128.90 points.
Downbeat sentiments were caused by the fact that the results of the stress tests of European banks, which were to be published on Sunday, weren’t reassuring. Preliminary figures indicated that 25 eurozone banks would fail the test. These results were confirmed 26 October.
Russian equity posted some growth – the MICEX index advanced 0.54 percent up to 1,380.39 points, and the RTS index gained 0.07 percent up to 1,036.68 points.
Thanks to positive data for new home sales, US stock indices rose somewhat – the Dow Jones Industrial Average grew 0.76 percent up to 16,805.41 points, the Standard & Poor's 500 advanced 0.71 percent up to 1,964.58 points while the NASDAQ Composite added 0.69 percent reaching 4,483.72 points.
Last Friday, the commodity market experienced a drop in prices – the NYMEX price of WTI oil futures for December went down by $1.08 making $81.01 a barrel, and the ICE price of Brent oil futures for December delivery dropped by $0.70 down to $86.13 a barrel.
On the global Forex market, EUR/USD is staying in the middle of the correction range of 1.2510-1.2850. Traders are waiting for new impetuses to buy dollars.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Mixed Finish on Markets Again
Early this week the world’s financial markets showed no common trend for indices. In light of the published Ifo Business Climate Index data, which turned out to be worse than predicted, the British FTSE 100 fell 0.4 percent down to 6,363.46 points, the German DAX 30 slumped 0.95 percent down to 8,902.61 points, and the French CAC 40 shed 0.78 percent closing at 4,096.74 points.
On the Russian floor, the MICEX index grew 1 percent up to 1,394.19 points, and the RTS index gained 0.27 percent stopping at 1,039.47 points.
In the United States, the Dow Jones Industrial Average grew 0.1 percent up to 16,817.94 points, the S&P 500 dropped 0.2 percent down to 1,961.63 points whereas the NASDAQ Composite gained 0.1 percent going up to 4,485.93 points.
On the NYMEX, the price of December WTI oil futures went down by $0.01 reaching $81 a barrel. The ICE price of Brent oil futures for December delivery fell by $0.30 and made $85.83 a barrel.
On the Forex market, EUR/USD is at a standstill. Today a report on US durable goods orders is due to be released, which can serve as a fresh stimulus for investors.
Anna Gorenkova
NordFX Analyst
Early this week the world’s financial markets showed no common trend for indices. In light of the published Ifo Business Climate Index data, which turned out to be worse than predicted, the British FTSE 100 fell 0.4 percent down to 6,363.46 points, the German DAX 30 slumped 0.95 percent down to 8,902.61 points, and the French CAC 40 shed 0.78 percent closing at 4,096.74 points.
On the Russian floor, the MICEX index grew 1 percent up to 1,394.19 points, and the RTS index gained 0.27 percent stopping at 1,039.47 points.
In the United States, the Dow Jones Industrial Average grew 0.1 percent up to 16,817.94 points, the S&P 500 dropped 0.2 percent down to 1,961.63 points whereas the NASDAQ Composite gained 0.1 percent going up to 4,485.93 points.
On the NYMEX, the price of December WTI oil futures went down by $0.01 reaching $81 a barrel. The ICE price of Brent oil futures for December delivery fell by $0.30 and made $85.83 a barrel.
On the Forex market, EUR/USD is at a standstill. Today a report on US durable goods orders is due to be released, which can serve as a fresh stimulus for investors.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
GENERALIZED FOREX FORECAST FOR 27-31 OCTOBER2014
Colleagues,
I bring to your attention a summary table in which I’ve collected the opinions of 35 analysts and leading world banks and broker firms as well as predictions based on different methods of technical analysis (26 indicators and special programs).
As for last week’s forecast, it was confirmed with 100% accuracy for all four pairs:
- EUR/USD displayed a steady fall in the first half of the week, after which the euro won back some of its positions (open 1.27501, low 1.26129, close 1.26695);
- GBP/USD also experienced the predicted fall of three black candles;
- USD/JPY experienced a steady increase from 107.202 to 108.150;
- as for USD/CHF, experts and indicators predicted a side trend with a slight increase, which indeed happened.
Roman Butko, NordFX
Colleagues,
I bring to your attention a summary table in which I’ve collected the opinions of 35 analysts and leading world banks and broker firms as well as predictions based on different methods of technical analysis (26 indicators and special programs).
As for last week’s forecast, it was confirmed with 100% accuracy for all four pairs:
- EUR/USD displayed a steady fall in the first half of the week, after which the euro won back some of its positions (open 1.27501, low 1.26129, close 1.26695);
- GBP/USD also experienced the predicted fall of three black candles;
- USD/JPY experienced a steady increase from 107.202 to 108.150;
- as for USD/CHF, experts and indicators predicted a side trend with a slight increase, which indeed happened.
Roman Butko, NordFX
Julia NordFX
Broker Representative
QE Is Over
Mid-week the world’s financial markets closed mixed again in anticipation of the Federal Reserves’ decision about the quantitative easing (QE) program. In Europe namely, the British FTSE 100 grew 0.81 percent up to 6,453.87 points, the German DAX gained 0.16 percent up to 9,082.81 points whereas the French CAC 40 shed 0.05 percent finishing the trading session at 4,110.64 points.
Russian indices also showed an upward trend – the MICEX index advanced 1.7 percent up to 1,439.58 points, and the RTS index grew 0.96 percent up to 1,059.62 points.
In the USA, stock indices slumped after the Federal Reserve announced that it would end QE this November. Due to that, the Dow Jones Industrial Average fell 0.18 percent down to 16,974.31 points, the Standard & Poor's 500 dropped 0.14 percent down to 1,982.31 points, and the NASDAQ Composite lost 15.07 points closing at 4,549.23.
According to the Federal Reserve’s statements, QE is no longer needed as the US labor market has considerably improved its prospects and the American economy has become strong enough. With this, the Federal Reserve plans to keep the interest rate at 0-0.25% per annum for quite a while.
On the NYMEX, the price of WTI oil futures increased by $0.78 up to $82.20 a barrel. The ICE price of Brent oil futures rose by $1.09 making $87.12 a barrel.
On the Forex market, the US dollar has gone up. However, EUR/USD is still within the correction range and hasn’t even reached its bottom boundary of 1.2510 yet.
Anna Gorenkova
NordFX Analyst
Mid-week the world’s financial markets closed mixed again in anticipation of the Federal Reserves’ decision about the quantitative easing (QE) program. In Europe namely, the British FTSE 100 grew 0.81 percent up to 6,453.87 points, the German DAX gained 0.16 percent up to 9,082.81 points whereas the French CAC 40 shed 0.05 percent finishing the trading session at 4,110.64 points.
Russian indices also showed an upward trend – the MICEX index advanced 1.7 percent up to 1,439.58 points, and the RTS index grew 0.96 percent up to 1,059.62 points.
In the USA, stock indices slumped after the Federal Reserve announced that it would end QE this November. Due to that, the Dow Jones Industrial Average fell 0.18 percent down to 16,974.31 points, the Standard & Poor's 500 dropped 0.14 percent down to 1,982.31 points, and the NASDAQ Composite lost 15.07 points closing at 4,549.23.
According to the Federal Reserve’s statements, QE is no longer needed as the US labor market has considerably improved its prospects and the American economy has become strong enough. With this, the Federal Reserve plans to keep the interest rate at 0-0.25% per annum for quite a while.
On the NYMEX, the price of WTI oil futures increased by $0.78 up to $82.20 a barrel. The ICE price of Brent oil futures rose by $1.09 making $87.12 a barrel.
On the Forex market, the US dollar has gone up. However, EUR/USD is still within the correction range and hasn’t even reached its bottom boundary of 1.2510 yet.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Dollar Awaits a New Boost for Growth
On Thursday, the world’s stock indices closed on the rise. In Europe, the British FTSE grew 0.15 percent up to 6,463.55 points, the German DAX 30 advanced 0.35 percent up to 9,114.84 points, and the French CAC 40 picked up 0.74 percent closing at 4,141.24 points.
On the Russian stock exchange, the MICEX index grew 0.92 percent up to 1,452.89 points, and the RTS index gained 0.07 percent reaching 1,098.68 points.
In the USA, the Dow Jones advanced 1.30 percent up to 17,195.42 points, the S&P 500 grew 0.62 percent up to 1,994.65 points while the NASDAQ added 0.37 percent making 4,566.14 points.
At the same time, there was another slump in oil prices on Thursday. The NYMEX price of the WTI oil future went down by $1.08 reaching $81.12 a barrel. The ICE price of the Brent oil future fell by $0.88 down to $86.24 a barrel.
On the Forex market, EUR/USD is getting nearer 1.2510. The pair needs a serious boost in order to break through this level downwards.
Anna Gorenkova
NordFX Analyst
On Thursday, the world’s stock indices closed on the rise. In Europe, the British FTSE grew 0.15 percent up to 6,463.55 points, the German DAX 30 advanced 0.35 percent up to 9,114.84 points, and the French CAC 40 picked up 0.74 percent closing at 4,141.24 points.
On the Russian stock exchange, the MICEX index grew 0.92 percent up to 1,452.89 points, and the RTS index gained 0.07 percent reaching 1,098.68 points.
In the USA, the Dow Jones advanced 1.30 percent up to 17,195.42 points, the S&P 500 grew 0.62 percent up to 1,994.65 points while the NASDAQ added 0.37 percent making 4,566.14 points.
At the same time, there was another slump in oil prices on Thursday. The NYMEX price of the WTI oil future went down by $1.08 reaching $81.12 a barrel. The ICE price of the Brent oil future fell by $0.88 down to $86.24 a barrel.
On the Forex market, EUR/USD is getting nearer 1.2510. The pair needs a serious boost in order to break through this level downwards.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
GENERALIZED FOREX FORECAST FOR 3-7 NOVEMBER 2014
Dear colleagues,
Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical analysis, the following can be concluded:
- for 3-7 November, EUR/USD can be expected to move sideways with a downward slide to 1.2470-1.2480;
- approximately the same can be said about the GBP/USD pair – the levels of support will be 1.5940 and 1.5880;
- after an impressive growth last Friday, USD/JPY is likely to experience a break in its sideways trend;
- USD/CHF will also be in a sideways trend, although in the medium term the pair may rise to the level of 0.9703.
As for last week’s forecast:
- The forecast for EUR/USD showed a sideways trend with a fall and a rise of 50% by 50%. This is what actually happened – for the first half of the week the pair fell and for the second half it went up.
- The forecast for GBP/USD was confirmed 100% – the pair showed a black weekly candle, having fallen from 1.6083 to 1.5940.
- The dollar displayed steady growth against the Japanese yen and so fully justified the forecast.
- Finally, a sideways trend with a slight growth was predicted for USD/CHF, which is what happened.
Roman Butko, NordFX
Dear colleagues,
Generalizing in a table the opinions of 35 analysts from world leading banks and broker companies and forecasts based on different methods of technical analysis, the following can be concluded:
- for 3-7 November, EUR/USD can be expected to move sideways with a downward slide to 1.2470-1.2480;
- approximately the same can be said about the GBP/USD pair – the levels of support will be 1.5940 and 1.5880;
- after an impressive growth last Friday, USD/JPY is likely to experience a break in its sideways trend;
- USD/CHF will also be in a sideways trend, although in the medium term the pair may rise to the level of 0.9703.
As for last week’s forecast:
- The forecast for EUR/USD showed a sideways trend with a fall and a rise of 50% by 50%. This is what actually happened – for the first half of the week the pair fell and for the second half it went up.
- The forecast for GBP/USD was confirmed 100% – the pair showed a black weekly candle, having fallen from 1.6083 to 1.5940.
- The dollar displayed steady growth against the Japanese yen and so fully justified the forecast.
- Finally, a sideways trend with a slight growth was predicted for USD/CHF, which is what happened.
Roman Butko, NordFX
Julia NordFX
Broker Representative
Upward Trend on Markets
Yesterday world financial markets closed mainly in the black. European indices finished trading on the rise due to positive corporate reports – Britain’s FTSE 100 grew 1.32 percent up to 6,539.14 points, Germany’s DAX 30 gained 1.63 percent wrapping up the day at 9,315.48 points, and France’s CAC 40 advanced 1.85 percent closing at 4,206.55 points.
Trading on Russia’s equity market finished mixed – the MICEX index grew 0.27 percent up to 1,495.26 points while the RTS index slumped 2.21 percent down to 1,054.45 points.
In the United States, the Dow Jones added 0.58 percent going up to 17,484.53 points, the S&P 500 grew 0.57 percent up to 2,023.57 points whereas the NASDAQ shed 0.06 percent down to 4,620.72 points.
On the NYMEX, the price of WTI oil futures rose by $1.49 making $78.68 a barrel. The ICE price of the Brent oil future dropped by $0.43 getting down to $83.25 a barrel.
On the global Forex market, EUR/USD is still holding near 1.2510 but somewhat expanding its correction range.
Anna Gorenkova
NordFX Analyst
Yesterday world financial markets closed mainly in the black. European indices finished trading on the rise due to positive corporate reports – Britain’s FTSE 100 grew 1.32 percent up to 6,539.14 points, Germany’s DAX 30 gained 1.63 percent wrapping up the day at 9,315.48 points, and France’s CAC 40 advanced 1.85 percent closing at 4,206.55 points.
Trading on Russia’s equity market finished mixed – the MICEX index grew 0.27 percent up to 1,495.26 points while the RTS index slumped 2.21 percent down to 1,054.45 points.
In the United States, the Dow Jones added 0.58 percent going up to 17,484.53 points, the S&P 500 grew 0.57 percent up to 2,023.57 points whereas the NASDAQ shed 0.06 percent down to 4,620.72 points.
On the NYMEX, the price of WTI oil futures rose by $1.49 making $78.68 a barrel. The ICE price of the Brent oil future dropped by $0.43 getting down to $83.25 a barrel.
On the global Forex market, EUR/USD is still holding near 1.2510 but somewhat expanding its correction range.
Anna Gorenkova
NordFX Analyst
Julia NordFX
Broker Representative
Mixed Directions on Markets
Yesterday world financial markets closed without a common trend again. European indices went up due to reports that the ECB kept the key interest rate at 0.05% and announced that it would launch its quantitative easing mechanism in case of a deteriorating outlook for eurozone economic growth. Thus, the British FTSE 100 grew 0.18 percent up to 6,551.15 points, the German DAX 30 advanced 0.66 percent up to 9,377.41 points, and the French CAC 40 gained 0.46 percent making 4,227.68 points.
There was no common direction on the Russian floor – the RTS index plunged 3.53 percent down to 1,017.28 points whereas the MICEX index grew 0.15 percent up to 1,497.46 points.
In the USA, the Dow Jones Industrial Average gained 0.4 percent going up to 17,554.47 points, the NASDAQ Composite grew 0.38 percent up to 4,638.47 points, and the S&P BMI added 0.38 percent as well, reaching 2,031.21 points.
On Thursday, the NYMEX price quotations for December WTI oil futures dropped by $0.77 and closed at $77.91 a barrel. On London’s ICE, the December future for Brent oil went down by $0.09 and made $82.86 a barrel.
The dollar quickly got stronger in light of the mid-term election results in the USA – Republicans won the elections while Democrats lost a considerable number of their posts.
On the Forex market, EUR/USD hit a new low falling below 1.24. The next support level should be 1.22.
Anna Gorenkova
NordFX Analyst
Yesterday world financial markets closed without a common trend again. European indices went up due to reports that the ECB kept the key interest rate at 0.05% and announced that it would launch its quantitative easing mechanism in case of a deteriorating outlook for eurozone economic growth. Thus, the British FTSE 100 grew 0.18 percent up to 6,551.15 points, the German DAX 30 advanced 0.66 percent up to 9,377.41 points, and the French CAC 40 gained 0.46 percent making 4,227.68 points.
There was no common direction on the Russian floor – the RTS index plunged 3.53 percent down to 1,017.28 points whereas the MICEX index grew 0.15 percent up to 1,497.46 points.
In the USA, the Dow Jones Industrial Average gained 0.4 percent going up to 17,554.47 points, the NASDAQ Composite grew 0.38 percent up to 4,638.47 points, and the S&P BMI added 0.38 percent as well, reaching 2,031.21 points.
On Thursday, the NYMEX price quotations for December WTI oil futures dropped by $0.77 and closed at $77.91 a barrel. On London’s ICE, the December future for Brent oil went down by $0.09 and made $82.86 a barrel.
The dollar quickly got stronger in light of the mid-term election results in the USA – Republicans won the elections while Democrats lost a considerable number of their posts.
On the Forex market, EUR/USD hit a new low falling below 1.24. The next support level should be 1.22.
Anna Gorenkova
NordFX Analyst
From the News
-
7BForex Broker: Closed
-
Afterprime Broker: Reviews and Specifications
-
ForexVox – 30% Deposit Bonus
-
ForexVox – 20% Floating Deposit Bonus
-
ForexVox – 100% Welcome Bonus
-
ForexChief – Gold Whale Monthly Contest
-
Pacific Union – 50% Deposit Bonus
-
Pacific Union – Refer a Friend
-
Ventezo – WINtezo Monthly Contest 2023
-
Headway – Dreamway: Share a dream, make it real
