Subscribe to RSS

Market Overview:  Quiet trading ahead of Thanksgiving Day

The US stocks were flat yesterday anticipating Thanksgiving Day. The trading was quiet as investors stayed away of the markets. The dollar index live data show the index, which is a measure of the dollar value against a basket six major currencies, advanced 0.02% to 99.813 on strong economic news supporting the December interest rate hike. During the trading day it touched the 8-month high of 100.07. Although the October consumer spending increased less than expected, the rise in durable goods orders exceeded 3 times the expectations and the benefits claims in the labour market fell as well. Dow Jones industrial average advanced 0.01%, Nasdaq Composite rose 0.26%. S&P 500 was almost flat losing 0.01% to 2088.87 with 6 out of 10 its sectors being in the red. Energy (-0.82%) and basic materials (-0.74%) were leading the decliners while healthcare sector (+0.64%) was the top performer. Today the US markets are closed due to the Thanksgiving Day and so will be closed most of Friday afternoon.

European stocks were in the black on Wednesday after the ECB report came out. The euro fell to the 7-month low of $1.0578 against the US dollar early in the morning on the news the ECB was planning to charge the banks for hoarding cash but later rebounded to $1.06 closing 0.2% lower. FTSEurofirst edged up 1.3% while UK’s FTSE 100 advanced 1%. Dax 30 index added 1.5% supported by news that the retailer Metro and construction company LafargeHolcim were planning to pay out increased dividends. The travel and leisure sector was on the rise due to the rally in Thomas Cook’s stocks (+9.6% on its strong financial statements) despite the heightened tensions in the Middle East region with FTSE 350 travel and leisure index edging up 1.7%. Today in the Eurozone no important data is expected to come out.

Asian stocks were on the rise today in a thin trade. The Japan’s Nikkei 225 closed 0.5% higher, Hang Seng advanced 0.6%.

Spot gold fell 0.4% to $1,070.46 an ounce on Wednesday on strong US economic data supporting the US dollar but is rebounding today, still being near its multi-year lows. For the first time in a long period the position in gold shifted to net short. The December gold futures dropped 0.4% too to $1,070 an ounce.

Crude oil edged lower on Thursday amid the strengthening US dollar and concerns about the supply glut with Brent crude traded at $45.83 a barrel and WTI crude traded at $42.94 a barrel. Previously OPEC said it would keep the high oil production volumes in order to secure its market share raising fears of some investors that oil prices may fall to as low as $20 a barrel. On the other hand, oil is supported by the smaller increase in US oil inventories in a week to November 20 and the falling US oil rig counts.

Platinum was falling to a 7-year low of $827.75 an ounce but later rebounded closing 0.8% higher at $846.35.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$50 Free Bonus Without a Deposit – Adamant Finance

$50 Free Bonus Without a Deposit – Adamant Finance(0)

Free $50 Forex No Deposit Welcome Bonus to all new Traders. Receive $50 for Forex Free Bonus Without a Deposit and test the terms on a real account, without transfering any money. Link:  $50 No Deposit Free Welcome Bonus Ending Date: 31 December 2018 Available to: All new Traders Bonus Offer: Free $50 Forex No

Binary Options Free Demo Trading Tournament – CBFinvest

Binary Options Free Demo Trading Tournament – CBFinvest(0)

Binary Options Free Demo Trading Tournament total 2000$ cash prizes. Any Spotoption brand can start offering immediately binary options Tournaments, without spending a fortune on programming and without waiting for months Link:  Binary Options Free Demo Tournament Available to: All Customers AMAZING FEATURES Rebuys – for Tournaments based on demo, the feature of Rebuys allows

Risk Free Trading plus Free Forex Signals – MarketsYes

Risk Free Trading plus Free Forex Signals – MarketsYes(0)

300% Forex Deposit Bonus Promotion and Forex Risk Free Trade plus Forex Free Signals All New and existing clients. MarketsYes is offering all prospective clients deposit for up to 3000 USD/EUR/GBP a 300% Tradable Bonus. Link:  300% Tradable Bonus Promotion Link:  Risk Free Trade plus Forex Free Signals Available to: All New and existing clients

50% Bonus of Every Deposit – Fort Financial Services

50% Bonus of Every Deposit – Fort Financial Services(0)

Up to 50% Bonus of Every Deposit to All New and Existing Traders. You Deposited $1000 on your account, chose a 50% bonus and got 500 extra dollars to the initial deposit amount. Link: Up to 50% Bonus of Every Deposit Link: $5 Forex No Deposit Welcome Bonus Link: 15% Support Margin Bonus Link:  Profit

123% Tradable Deposit Bonus Promotion – FreshForex

123% Tradable Deposit Bonus Promotion – FreshForex(0)

Get 123% Tradable Deposit Bonus Promotion gives a real chance to start Forex trading with low investment and double return. Start efficient Forex trading with Tradable Bonus 123% Campaign. Link:  123% Tradable Deposit Bonus Promotion Link:  $5 Forex No Bonus Promotion Ending Date:  31 December 2017 Available to:   New Clients only Bonus Offer: Get 123%

500 Cent Forex No Deposit Welcome Bonus – FortFs

500 Cent Forex No Deposit Welcome Bonus – FortFs(0)

Get 500 Cent Forex No Deposit Welcome Bonus 2017-2018 to All New Traders. Open a forex real trading account, pass the personal data verification procedure and get the 500 Cent Free Forex Welcome Bonus! Link:  Up to 50% Bonus of Every Deposit Link:  500 Cent Forex No Deposit Bonus Link:  15% Support Margin Bonus Available

$10000 Monthly Challenge Live Trading Contest – FXCM

$10000 Monthly Challenge Live Trading Contest – FXCM(0)

$10,000 Monthly Challenge Live Trading Contest Compete to Win Cash Prizes. The Contest only available to FXCM Mini Account clients Join the monthly Live Trading Contest by opening an FXCM Mini Account with as little as $50. Link:  $10000 Monthly Challenge Contest Available to: All Mini Account clients Contest offer: $10,000 Monthly Challenge Live Trading

$1000 Free No Deposit Forex Bonus – Grand Capital

$1000 Free No Deposit Forex Bonus – Grand Capital(0)

Contests for Forex trader Main Prize $1000 Free No Deposit Forex Bonus. The Contests main prize is $1000 Free No Deposit Forex Bonus with fully withdraw able profit Link:  $1000 Free Bonus‎ Trader Contest Link:  $500 Forex No Deposit Welcome Bonus Link:  Up to 444% Profit Receive for a single trade Link:  40% Forex Deposit

Up to $5000 Trading Credits Bonus Promo – HYCM

Up to $5000 Trading Credits Bonus Promo – HYCM(0)

25% Forex Credit Bonus Promo available on your Deposits. Experience Some of HYCM New Features, Services and Offers Receive 25% Forex trading credit bonus Link:  25% Trading Bonus on your Deposits Ending Date:  31 December 2017 Available to:   New Clients only Bonus Offer: 25% Forex Trading Bonus Promo Available on your deposits to New Clients only.

$20 Forex No Deposit  Bonus Promo Action – NPBFX

$20 Forex No Deposit Bonus Promo Action – NPBFX(0)

$20 Free No Deposit Bonus Promo action. $20 Free No Deposit Bonus Client must submit application of requesting the accrual of bonus funds with indicating the number of trading account by email  info@npbfx.com. Link:  $20 Free Bonus Promo Action Ending Date:  1 March 2017 Available to:   New Clients only Bonus Offer: $20 Free No Deposit

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories