Technical Analysis

European indices close with mixed results

German DAX down. Spain’s Ibex higher

The major indices are closing with mixed results. The provisional closes are showing:

  • German DAX, -0.3%
  • France’s CAC, -0.2%
  • UK’s FTSE 100, -0.4%
  • Spain’s Ibex, +0.5%
  • Italy’s FTSE MIB, +0.2%

In the European debt market, the benchmark 10 year yields are higher led by UK yields up 4.7 basis points.

A snapshot of other markets as London traders look to exit shows:

  • Spot gold is trading down $1 or -0.5% at $1897.11. It’s high price extended above the $1900 level to $1902.35. The low price reached $1881.48
  • Spot silver is trading down $0.42 or -1.75% at $23.76
  • WTI crude oil futures are trading up $0.36 or 0.92% at $39.65

A snapshot of the US stock market shows higher prices on hopes of a new stimulus plan after the debacle of a debate last night:

  • S&P index is up 41.17 points or 1.23% at 3376.62
  • NASDAQ index is up 150 points or 1.36% at 11235.72
  • the Dow industrial average is up 419 points or 1.53% at 27871

in the forex market, the US dollar has moved from the strongest at the start of the North American session to one of the weakest. The EUR is only weaker vs. the major currencies. The AUD is now the strongest followed by the CAD.

The US dollars 1 of the weakest

For bank trade ideas, check out eFX Plus

Articles You May Like

No winners in the major stock indices for the 2nd consecutive day
best forex trading system
Trade ideas thread – European session 14 May 2021
Major indices snap three days losing streak
EUR and CHF remains the strongest and weakest as London/European traders exit

Leave a Reply

Your email address will not be published. Required fields are marked *