Daily market analysis by NordFX

[Julia NordFX]

Markets Finished Mixed

On Tuesday markets closed mixed. As such, in Europe the British FTSE 100 fell 0.8 percent down to 6,570.17 points, the German DAX 30 dropped 0.19 percent down to 8,596.95 points, and the French CAC 40 shed 0.16 percent down to 4,145.51.

On the Russian floor, the MICEX index grew 0.17 percent up to 1,473.03 points and the RTS index – 0.25 percent up to 1,439.79 points.

In the USA the Dow Jones advanced 0.23 percent and made 15,529.73 points, the NASDAQ went up by 0.75 percent and reached 3,745.70 points while the S&P 500 grew 0.42 percent making 1,704.76 points.

On the global commodity market, oil prices went down due to new positive data regarding a peaceful resolution of the conflict in Syria. The price of October futures for light WTI oil fell by $1.17, down to $105.42 a barrel. The price of November futures for the North Sea petroleum mix of mark Brent Crude Oil dropped by $1.88, down to $108.19 a barrel.

On the world’s currency market, EUR/USD went up. Nonetheless, the gap hasn’t been covered yet - the pair has to go down to 1.3302.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Lingering Uncertainty on Markets

On Thursday the world’s financial markets closed mixed again. Namely, in Europe the British FTSE 100 grew 1.02 percent up to 6,625.39 points, the German DAX 30 advanced 0.67 percent up to 8,694.18 points, and the French CAC 40 gained 0.86 percent going up to 4,206.04 points.

On the Russian floor, the MICEX index was up by 1.52 percent reaching 1,487.19 points while the RTS index grew 3.44 percent up to 1,478.75 points.

In the United States, the Dow Jones fell 0.26 percent down to 15,636.55 points, the S&P changed by 0.18 percent to 1,722.34 points, and the NASDAQ advanced 0.15 percent up to 3,789.38 points.

The price of November futures for the North Sea petroleum mix of mark Brent Crude Oil fell by $1.84, down to $108.76 a barrel. The price of October futures for light WTI oil dropped by $1.68, down to $106.39 a barrel.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Spotlight on US Default Threat Again

Yesterday world financial markets closed in the red zone. Like a year ago, the pick of the day was the US debt ceiling. According to experts’ forecasts, the current maximum can be reached already in mid-October. This would lead to a default unless the debt cap gets raised once again. However, no talks are held on this issue at this point, which, in fact, causes alarm among investors.

In Europe, the British FTSE 100 fell 0.59 percent down to 6,557.37 points, the German DAX 30 dropped 0.47 percent down to 8,635.29 points, and the French CAC 40 shed 0.75% going down to 4,172.08 points.

In Russia, the MICEX index slumped 0.62 percent down to 1,467.62 points while the RTS index fell 0.79 percent down to 1,451.42 points.

In the United States, the Dow Jones went down by 0.32 percent to 15,401.38 points, the S&P fell 0.47 percent down to 1,701.84 points, and the NASDAQ dropped 0.25 percent down 3,765.29 points.

The price of November futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.13, down to $108.09 a barrel. The price of WTI oil futures dropped by $1.25, down to $103.50 a barrel.

On the Forex market, EUR/USD is experiencing a correction after a sharp rise. At this time, the pair’s prospects are unclear. If the pair doesn’t manage to get fixed below 1.3460, it will be easier for it to go up – the dollar is too weak now.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Another Day without Direction

Yesterday world financial markets closed mixed. As such, in Europe, the British FTSE 100 grew 0.21 percent up to 6,571.46 points, the German DAX 30 advanced 0.34 percent up to 8,664.6 points, and the French CAC 40 gained 0.56 percent reaching 4,195.61 points.

In Russia, the MICEX index fell 0.2 percent down to 1,464.72 points while the RTS index shed 0.35 percent down to 1,446.41 points.

In the United States, the Dow Jones slumped 0.43 percent down to 15,334.59 points, the S&P fell 0.09 percent down to 1,691.15 points, and the NASDAQ dropped 0.02 percent down to 3,218.66 points.

On NYMEX, price quotations for November WTI oil futures went down by $0.46 and made $103.11. On London’s ICE, the price of Brent oil futures for November delivery rose by $0.48 and made $108.64.

On the Forex market, EUR/USD hasn’t been able to get over the support level of 1.3460. Chances remain that the pair will still go up.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets in Expectation Currently

Yesterday world financial markets finished mixed as debates over a new US budget carry on. In particular, in Europe, the FTSE 100 fell 0.30 percent down to 6,551.53 points, the German DAX 30 advanced 0.01 percent up to 8,665.63 points whereas the French CAC 40 climbed down by 0.01 percent to 4,195.35 points.

On the Russian floor, the MICEX index grew 1.02 percent up to 1,479.59 points while the RTS index gained 0.45 percent going up to 1,452.99 points.

In the USA, the Dow Jones index dropped 0.4 percent down to 15,273.3 points, the S&P fell 0.27 percent down to 1,692.77 points, and the NASDAQ shed 0.19 percent reaching 3,761.1 points.

On the global oil market, the price of November futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.32, down to $108.32 a barrel. The price of light WTI oil futures dropped by $0.47, down to $102.66 a barrel.

On the world’s Forex market, the uncertainty with the US budget won’t allow the dollar to go up. At the same time, there are no favorable macroeconomic factors for the euro to advance either.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Are Falling

Last Friday world financial markets saw major indices slump due to the continuing uncertainty with the US sovereign debt. As such, in Europe, the British FTSE 100 fell 0.81 percent down to 6,512.66 points, the German DAX 30 shed 0.03 percent down to 8,661.51 points while the French CAC 40 closed at about the same rate – 4,186.77 points.

In Russia, the MICEX index fell 0.89 percent down to 1,471.89 points, and the RTS index dropped 1.29 percent down to 1,432.87 points.

In the United States, the Dow Jones fell 0.46 percent and made 15,258.24 points, the NASDAQ dropped 0.15 percent reaching 3,781.59 points while the S&P 500 was down by 0.41 percent and made 1,691.75 points.

On the global oil market, the price of November futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.58, down to $108.63 a barrel. The price of November futures for light WTI oil went down by $0.16, to $102.87 a barrel.

In light of the situation in the USA, activity for EUR/USD slowed down on the world’s currency market. Today being the last day of the US fiscal year, things should get clearer and we’ll see the market’s reaction tomorrow.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

All Eyes on USA

Yesterday world financial markets finished with a slump of major indices again – there is still uncertainty about the US budget situation. In particular, European trading resulted in the British FTSE 100 falling 0.77 percent down to 6,462.22 points, the German DAX shedding 0.77 percent down to 8,594.40 points, and the French CAC 40 dropping 1.03 percent down to 4,143.44 points.

The Russian floor saw the MICEX index fall 0.62 percent down to 1,462.82 points and the RTS index – 0.72 percent down to 1,422.49 points.

In the USA, the Dow Jones went down by 0.84 percent and made 15,129.67 points, the NASDAQ fell 0.37 percent reaching 3,218.2 points while the S&P 500 shed 0.47 percent and got to 1,677.45 points.

Yesterday the price of Brent Crude Oil lowered by $0.65, down to $107.98 a barrel. The price of WTI oil went down by $0.87, to $102 a barrel.

On the Forex market, for now EUR/USD is staying within the same range as the day before.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets in Uncertainty Again

Yesterday the world’s financial markets closed mixed. As such, in Europe, the British FTSE 100 climbed down by 0.03 percent to 6,460.01 points, the German DAX grew 1.10 percent up to 8,689.14 points, and the French CAC 40 advanced 1.28 percent up to 4,196.60 points.

In Russia, the MICEX index grew 0.69 percent up to 1,472.91 points while the RTS index was up by 1.17 percent reaching 1,439.07 points.

In the United States, the Dow Jones index gained 0.41 percent going up to 15,191.70 points, the S&P grew 0.80 percent up to 1,695 points, and the NASDAQ advanced 1.23 percent up to 3,817.98 points.

On the commodity market, the NYMEX price of WTI oil for November dropped by $0.29, down to $102.04 a barrel. On London’s ICE, the price of Brent oil futures for November delivery lowered by $0.43 and made $107.94 a barrel.

The situation remains the same on the Forex market.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets in Uncertainty Again

Yesterday the world’s financial markets closed mixed. As such, in Europe, the British FTSE 100 climbed down by 0.03 percent to 6,460.01 points, the German DAX grew 1.10 percent up to 8,689.14 points, and the French CAC 40 advanced 1.28 percent up to 4,196.60 points.

In Russia, the MICEX index grew 0.69 percent up to 1,472.91 points while the RTS index was up by 1.17 percent reaching 1,439.07 points.

In the United States, the Dow Jones index gained 0.41 percent going up to 15,191.70 points, the S&P grew 0.80 percent up to 1,695 points, and the NASDAQ advanced 1.23 percent up to 3,817.98 points.

On the commodity market, the NYMEX price of WTI oil for November dropped by $0.29, down to $102.04 a barrel. On London’s ICE, the price of Brent oil futures for November delivery lowered by $0.43 and made $107.94 a barrel.

The situation remains the same on the Forex market.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Mainly Decline as Markets Closed

Yesterday world financial markets finished predominantly in the red zone. In particular, in Europe, Britain’s FTSE 100 grew 0.18 percent up to 6,449.04 points, Germany’s DAX fell 0.37 percent down to 8,597.91 points while France’s CAC 40 dropped 0.73 percent down to 4,127.98 points.

In Russia, on the contrary, the MICEX index advanced 0.2 percent up to 1,456.49 points, and the RTS index grew 0.4 percent up to 1,427.81 points.

American indices closed as follows – the Dow Jones shed 0.9 percent going down to 14,996.48 points, the NASDAQ slumped 1.07 percent down to 3,774.34 points, and the S&P 500 fell 0.9 percent down to 1,678.66 points.

On the commodity market, the price of November futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $0.19, to $109 a barrel. The price of November futures for light WTI oil lowered by $0.79, down to $103.31 a barrel.

On the Forex market, EUR/USD is on the rise. The dollar keeps losing ground.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Focus Stays on USA

Yesterday world financial markets closed in the red zone due to the government shutdown and the threat of default in the USA. As such, in Europe, the British FTSE 100 fell 0.4 percent down to 6,337.91 points, the German DAX 30 slumped 0.5 percent down to 8,541.69 points, and the French CAC 40 dropped 0.2 percent down to 4,127.05 points.

In Russia, the MICEX index fell 0.27 percent down to 1,501.01 points while the RTS index shed 0.72 percent going down to 1,461 points.

In the United States, the Dow Jones index grew 0.18 percent up to 14,803 points, the NASDAQ was down by 0.46 percent reaching 3,677.78 points, and the S&P 500 advanced 0.06 percent up to 1,656.40 points.

On the commodity market, the price of November futures for the North Sea petroleum mix of mark Bent Crude Oil dropped by $1.10, down to $109.06 a barrel. The price of November futures for light WTI oil lowered by $1.88, down to $101.61 a barrel.

On the global Forex market, the dollar has gone up against the euro on the news that President Barack Obama nominated Janet Yellen for the new head of the Federal Reserve. If the situation with the US budget gets resolved and the government resumes its work, the EUR/USD pair has every chance of picking up its downward move to 1.33.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Rise on Markets Due to US News

Yesterday the world’s financial markets closed with major indices going up considerably thanks to the US Republican party’s offer to raise the debt ceiling for a few months in order to be able to come to some form of agreement with Democrats.

European trading resulted in the British FTSE 100 going up by 1.46 percent to 6,430.49 points, the German DAX 30 growing 2 percent up to 8,685.77 points and the French CAC 40 advancing 2.21 percent up to 4,218.11 points.

In Russia, the MICEX index gained 1.05 percent reaching 1,516.73 points while the RTS index grew 1.63 percent up to 1,484.82 points.

In the USA, the Dow Jones index advanced 2.18 percent up to 15,126.07 points, the NASDAQ grew 2.26 percent up to 3,760.75 points, and the S&P 500 went up by 2.18 percent to 1,692.56 points.

On the commodity market, the price of November futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $2.74, up to $111.80 a barrel. The price of November futures for light WTI oil was up by $1.40 getting to $103.01 a barrel.

On the global Forex market, EUR/USD stopped for now. However, there’re preconditions for the dollar to go up.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

In Anticipation of Decision about US Debt

Last Friday world financial markets closed mixed – the US President still didn’t manage to come to an agreement with Congress Republicans. As such, in Europe, the British FTSE 100 grew 0.88 percent up to 6,487.19 points, the German DAX 30 advanced 0.45 percent up to 8,724.83 points, and the French CAC 40 gained 0.04 percent going up to 4,219.98 points.

In Russia, the MICEX index dropped 0.24 percent down to 1,513.01 points while the RTS fell 0.53 percent down to 1,477 points.

In the United States, the Dow Jones index grew 0.73 percent up to 15,237 points, the NASDAQ went up by 0.83 percent to 3,791 points, and the S&P 500 advanced 0.63 percent up to 1,703 points.

The price of November futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.52, down to $111.28 a barrel. The price of November futures for light WTI oil dropped by $0.99, down to $102.02 a barrel.

On the Forex market, EUR/USD is at the level of 1.3580. All are waiting for a decision regarding the US debt ceiling.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Two Days before Default

Stock markets finished mixed. As such, in Europe, Britain’s FTSE 100 grew 0.32 percent up to 6,507.65 points, Germany’s DAX 30 shed 0.01 percent down to 8,723.81 points, and France’s CAC 40 advanced 0.07 percent up to 4,222.96 points.

On the Russian floor, the MICEX index dropped 0.19 percent down to 1,510.20 points, the RTS index fell 0.21 percent down to 1,473.97 points.

On the commodity market, the price of November futures for the North Sea petroleum mix of mark Brent lowered by $0.24, down to $111.04 a barrel. The price of November futures for light WTI oil, on the contrary, rose by $0.39, up to $102.41 a barrel.

There was no trading on US markets due to a holiday. The US President’s meeting with Congressmen was also postponed. Since default can occur already 17 October, markets are under much strain and indices don’t move significantly. However, the situation may change drastically very soon, and the dollar can gain ground once again.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

One Day till Default

Yesterday world financial markets closed mixed. In particular, Europe saw the British FTSE 100 gain 0.64 percent up to 6,549.11 points, the German DAX 30 grow 0.92 percent up to 8,804.44 points and the French CAC 40 – 0.78 percent up to 4,256.02 points.

In Russia, the MICEX index advanced 1.42 percent up to 1,531.67 points while the RTS index grew 1.45 percent up to 1,495.31 points.

In the USA, the Dow Jones index fell 0.87 percent down to 15,168.01 points, the NASDAQ shed 0.56 percent down to 3,794.01 points, and the S&P 500 dropped 0.71 percent reaching 1,698.06 points.

On the commodity market, NYMEX price quotations for WTI oil futures slumped by $1.20, to $101.21 a barrel. On London’s ICE, the price of Brent oil futures for November delivery went down by $1.08, down to $109.96 a barrel.

Yesterday it became known that Republicans from the U.S. House of Representatives had prepared a plan for resolving the budget crisis. The proposal allows reopening federal agencies till 15 January while simultaneously raising the debt ceiling till 7 February 2014.

On the Forex market, the situation remains the same.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Default Averted For Now

On Wednesday world financial markets closed mixed again. US Congressmen announced that the deal to raise the government debt ceiling had been reached. The current limit will be extended until 7 February 2014. In Europe, the British FTSE 100 grew 0.34 percent up to 6,571.59 points, the German DAX advanced 0.47 percent up to 8,846 points whereas the French CAC 40 fell 0.29 percent down to 4,243.72 points.

In Russia, the MICEX index shed 0.01 percent down to 1,531.57 points while the RTS index fell 0.33 percent down to 1,500.25 points.

In the United States, last Tuesday the Dow Jones Industrial Average dropped 0.87 percent down to 15,168.01 points, the Standard & Poor's 500 fell 0.71 percent down to 1,698.06 points, and the Nasdaq Composite went down by 0.56 percent getting to 3,794.01 points.

On the commodity market, NYMEX price quotations for November WTI oil futures rose by $1.08, up to $102.29 a barrel. On London’s ICE, the price of Brent oil futures for November delivery was up by $0.90 reaching $110.86 a barrel.

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

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Picked Up a Little

Last Friday world financial markets closed mainly on the rise. As such, in Europe, the British FTSE 100 grew 0.04 percent up to 6,625.42 points, the French CAC 40 fell 0.18 percent down to 4,278.20 points, and the German DAX dropped 0.13 percent down to 8,853.94 points.

In Russia, the MICEX index advanced 1.31 percent up to 1,532.08 points while the RTS index grew 1.59 percent up to 1,515.59 points.

In the United States, the DJIA gained 0.18 percent reaching 15,399.65 points, the stock index S&P 500 grew 0.35 percent up to 1,737.65 points, and the NASDAQ advanced 1.59 percent up to 3,353.88 points.

The price of December futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.83, up to $109.94 a barrel. The price of November futures for the light WTI oil went up by $0.14, to $100.81 a barrel.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

No Common Vector on Markets Closing So Far

Yesterday global financial markets finished mixed. In Europe, the German DAX 30 closed at 8,867.22 points, the French CAC 40 fell 0.2 percent down to 4,276.92 points whereas the British FTSE 100 grew 0.5 percent up to 6,654.20 points.

In Russia, the MICEX index advanced 0.02 percent up to 1,533.61 points while the RTS index shed 0.15 percent down to 1,514.39 points.

In the United States, the Dow Jones index climbed down by 0.05 percent to 15,392.20 points, the NASDAQ grew 0.15 percent up to 3,920.05 points, and the S&P 500 advanced 0.01 percent up to 1,744.66 points.

On the commodity market, NYMEX saw the price of November WTI oil futures go down by $1.59, to $100.81 a barrel. On London’s ICE, the price of Brent oil futures for December delivery lowered by $0.30, down to $109.64 a barrel.

On the Forex market, EUR/USD is at the support level of 1.3660 for the second day in a row.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Euro Skyrocketed

Yesterday world financial markets closed mainly in the green zone. As such, in Europe, Britain’s FTSE 100 advanced 0.6 percent up to 6,695.66 points, France’s CAC 40 grew 0.4 percent up to 4,295.43 points, and Germany’s DAX 30 gained 0.9 percent up to 8947.46 points.

On the Russian floor, the MICEX index fell 0.21 percent down to 1,393.21 points and the RTS index – 0.15 percent down to 1,330.99 points.

In the USA, the Dow Jones Industrial Average grew 0.49 percent up to 15,467.66 points, the hi-tech NASDAQ advanced 0.24 percent up to 3,929.57 points, and the S&P 500 BMI was up by 0.57 percent to 1,754.67 points.

On NYMEX, price quotations for WTI oil futures went down by $1.42 reaching $97.80 a barrel. On London’s ICE, the price of December Brent oil futures rose by $0.33, up to $109.97 a barrel.

On the Forex market, EUR/USD is going up. The next target may be 1.3820.

Anna Gorenkova
NordFX Analyst

 

[Julia NordFX]

Markets Are Falling, So is the Dollar

Mid-week the world’s financial markets closed mainly with a slump of major indices. In Europe, the British FTSE 100 fell 0.32 percent down to 6,674.48 points, the DAX 30 shed 0.31 percent down to 8,919.86 points, and the French CAC 40 dropped 0.81 percent down to 4,260.66 points.

In Russia, the MICEX index fell 1.41 percent down to 1,507.26 points and the RTS index – 1.55 percent down to 1,494.96 points.

In the United States, the Dow Jones index slumped 0.35 percent down to 15,413.33 points, the NASDAQ fell 0.57 percent down to 3,907.07 points, and the S&P 500 shed 0.47 percent reaching 1,746.38 points.

On Wednesday, globally oil prices closed mixed. At London’s IntercontinentalExchange, the December Brent oil contract went up by $0.33, up to $109.97 a barrel. At the New York Mercantile Exchange, the price of WTI oil futures for November delivery lowered by $1.42, down to $97.80 a barrel.

EUR/USD is about to reach the resistance level of 1.3820. Considering the growth rate, the pair isn’t going to halt thus far.

Anna Gorenkova
NordFX Analyst