Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

European major indices close modestly higher

A.R Chowdhury by A.R Chowdhury
August 25, 2021
Reading Time: 2 mins read
0

German Dax lower, France’s CAC higher

The major European indices are ending the session with modest gains

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

In other markets as European/London traders look to exit

  • Spot gold is down $-15.68 or -0.87% at $1786.26
  • Spot silver is down -$0.12 or -0.52% $23.68
  • WTI crude oil futures are trading up about $0.10 or 0.13% at $67.70.
  • Bitcoin is trading up $682 and $48,413

In the US stock market, the S&P index traded to a new all-time high. Both the S&P and NASDAQ index or on track for a record close today (although gains are limited). The Dow industrial average has erased earlier declines in trades near session highs.

  • Dow industrial average is up 83.3 points or 0.24% at 35452. The index was down -78.63 points at its low.
  • S&P index is up 9.76 points or 0.22% at 4495.96. That is near the high for the day at 4496.11
  • The NASDAQ index is up 17.29 points or 0.12% 15037.28. The high for the day reached a new all-time intraday record at 15052.20.

In the US debt market, yields have moved higher, with the 10 year moving up to 1.342% at its highs. The low today reached 1.283%:

German Dax lower, France's CAC higher_

A snapshot in the forex market now shows the NZD as the strongest of the majors, while the JPY is the weakest. The USD has been sold vs the EUR and GBP over the last few hours of trading and in the process worked back toward the highs for the day in what has been an up and down day for those pairs. The USD is stronger versus the JPY as that pair reacts to the higher yields. 

The NZD is the strongest and the JPY is the weakest.

The preliminary durable goods orders in the US came in near expectations give or take with the revisions. The weekly crude oil data showed modestly larger drawdowns of crude and gasoline inventories.  The drawdowns were also greater than the private API data released near the close yesterday.

  • Crude oil, -2979K versus -2683K expected
  • Gasoline -2242K vs -1557K expected
  • Distillates +645K vs -271K expected
  • Cushing +70K vs -980K prior

The API data from late yesterday showed:

  • Crude -1622K
  • Distillates -245K
  • Gasoline -985K
  • Cushing -500K

Invest in yourself. See our forex education hub.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post

AUDUSD inches above its 50% midpoint.

S&P index trades at 4500 for the first time ever

Leave a Reply Cancel reply

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

Recommended Stories

The major indices open with strong gains

June 16, 2020

Yen continues to firm as Treasury yields fall further on the session

July 24, 2020

WTI crude oil June futures settles at $24.74 him

May 8, 2020

Popular Stories

  • New highs for US stocks. The Nasdaq continues to lead

    New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • What is Leverage AND Margin in Forex trading?

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.