US Equity Markets Finish Friday Session Down But Still Log Third Week Of Gains | Marc


The Australian equity market is pointed to a slightly weaker start to the trading day after the US equities finished the week slightly in the red in an illiquid lackluster session.

The Dow finish the session down 2.73 points at 12977.57 while the S&P500 index slid 4.46 points to finish the day at 1369.63.

The euro continued to fall against the majority of its trading counterparts after a liquidity injection by the European Central Bank failed to convince investors that the regions crisis is fading. EURUSD (see above chart) traded down from highs on Friday of 1.3305 to recent lows of 1.3187.

The Canadian dollar has continued to strengthen against the USD on speculation that accelerating global growth will boost the nation’s exports, bolstering the need for interest rate increases.

WTI oil prices eased from Thursday’s spike following news the reports of a Saudi pipeline explosion were said to be false. WTI has traded down from highs of 109.05 to as low as 105.92.

Gold capped its biggest weekly loss since the middle of December as the stronger USD lowered the appeal of the precious metal as an alternative investment. Gold has finished the week down 3.7 per cent at 1712.60

The Volatility Index which is widely considered the best gauge of fear in the market traded down to 17.29.

INDICES
Last Traded
SPI 200 future 4262
S&P500 Index 1369.63
Dow Jones 12977.57
FTSE 100 Index 5911.13

COMMODITIES
Last Traded
Gold 1712.60
Oil (Nymex) 106.70

CURRENCIES
Last Traded
AUDUSD 1.0736
EURUSD 1.3185
GBPUSD 1.5830
USDJPY 81.84
Source
Bloomberg, Dow Jones News

Good time of day. Today we look at the currency pair EURUSD. In the short term, we expect a decline in area of ​​1.308, while resistance is at 1.3230.