Forex Forum to Share, Discuss, Communicate and Trade Forex

Daily Market Reviews by MAYZUS.com

Dive deeper into the fundamentals of the market. If you come across any major Forex related news item or wish to share your opinions and ideas related to the local or global economy, this forum is the place for you. Share the news and views about Fundamental Analysis and economic events here.
Image

Re: Daily Market Reviews by MAYZUS.com

Postby MAYZUS_rep » Wed May 07, 2014 11:32 am

07 May 2014: Third Session In A Row, Trading Takes Place In The Red Territory

One more trading day in the stock markets finished in the red zone. European indices closed the day in negative territory, despite the positive statistics on retail sales in the Eurozone. The escalation of the conflict in the Ukraine is still having a serious effect not only on the development in the emerging markets, but also in all the European countries.

As a result, the British index, FTSE 100, lost 0,35%, the French CAC 40 decreased by 0,78% and the German DAX went to a minus by 0,65%. The regional STXE 600 indicator decreased, in turn, by 0,30%, and was closed on a level of 336,04 points.

The European stock markets are decreasing for the third day in a row, even though yesterday published data on retail sales in the region increased in March by 0,3%, whereas analysts expected the indicator to fall 0,2%. In the meantime, the index of business activity in services sector of Germany decreased from 55,0 points in March, to 54,7 points in April.

The American stock market continued to follow the pessimistic moods of the European platforms. The Dow Jones Industrial Average index went down 0,78% to the level of 16401,02 points, the index of the wide market, Standard & Poor's 500, decreased by 0,90% and reached a level of 1867,72 points, and the Nasdaq Composite index went to a minus on 1,38%, and reached a level of 4080,76 points.

Interesting movement was observed in the development of the prices of oil, where the quotations were influenced by the news regarding oil production renewal in Libya. This morning, Brent is up by 0,24% and is traded on a level of $106,75 perr barrel, having dropped from the level of $108,00 yesterday. In the meantime, WTI is up by 0,65% and has reached a level of $99,29 per barrel.

Prices of precious metals are also moving in a positive direction, gold adding 0,16%. Investing in gold would cost you $1310,70 per troy ounce, whilst Silver is up 0,08% and is bargaining on a price of $19,66 per troy ounce.
MAYZUS_rep
 
Posts: 33
Joined: Tue Apr 08, 2014 10:45 pm

Re: Daily Market Reviews by MAYZUS.com

Postby MAYZUS_rep » Fri May 09, 2014 1:08 pm

09 May, 2014: Comments Of Draghi Sent EUR/USD Down

Yesterday, investors were focusing on the meeting of the European Central Bank, which strongly affected the Euro's position in relation to main currencies. The ECB kept the interest rate on the same level of 0,25%, but during the press conference, Mario Draghi hinted that it was possible that interest rates could lower next month.

This had an immediate effect on the euro. The EUR/USD dropped from its maximum level over the past 3,5 years, 1,3993, to the minimum of the week, on the level of 1,3848. This morning, the EUR/USD currency pair is traded on a level of 1,3826.

In the U.S, data was presented on the primary requests for unemployment benefits, which appeared to be substantially better than expectations, making 319 thousand, dropping from 345 thousand last month. Analysts were expecting the number to be on 325 thousand.

As a result, the Dow Jones Industrial Average index grew by 0,20% to the level of 16550,97 points, the S&P 500 index lost 0,14% and reached a level of 1875,63 points, and the Nasdaq Composite index decreased by 0,40%, to 4051,50 points.

Prices of commodities are stable and are moving, but without a significant change. Brent and WTI are up 0,84% and 0,83% accordingly, traded on levels of $108,39 and $100,36 per barrel. Gold is up 0,23% and is bargaining on a price of $1290,67 per troy ounce. Silver is adding 0,27% and is traded on a level of $19,19 per troy ounce.
MAYZUS_rep
 
Posts: 33
Joined: Tue Apr 08, 2014 10:45 pm

Previous

Return to Dive Deeper - Forex News and Fundamental Analysis

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Google Adsense [Bot], Gozmit, Sininfinity, Yahoo [Bot]

cron