Friday , 22 November 2024
Home Forex France’s CAC closes at a new record level.
Forex

France’s CAC closes at a new record level.

The major European stock indices are close mostly higher. The one exception is the German DAX. France CAC rose by 0.20 percent which was good enough for a new record high close. The UK FTSE 100 closed higher but fell short of its record high level reached on Friday at 8433.75. It closed at 8428.14.

A summary of the closing levels shows:

  • German DAX, -0.14%
  • France CAC, +0.20%
  • UK FTSE 100 100, +0.16%
  • Spain’s Ibex, 0.78%
  • Italy’s FTSE MIB, 0.96%

As London/European traders exit, US equities are little changed

  • Dow Industrial Average average is unchanged at 39431.96
  • S&P index is also near unchanged at 5221.52
  • NASDAQ index is up 33.8 points or 0.21% at 16421

The small-cap Russell 2000 is also higher by 18.83 points or 0.91% at 2080.95.

Looking at the US debt market, yields are lower:

  • two year yield 4.87%, -3.0 basis points
  • 5-year yield 4.470%, -2.9 basis points
  • 10 year yield 4.461%, -2.0 basis points.
  • 30 year yield 4.613%, -0.9 basis points.

Crude oil is moving lower today with the decline of $-1.21 or -1.53% at $77.91. That takes a price back below its 100-day moving average at $78.42. Staying below is more bearish. The low price from last week reached $76.89. The price closed below its 100 day moving out on Friday but rallied yesterday. The sellers are making a play. Can they keep control?

Bitcoin is trading at $61,474. The high price today reached $63,075. The low is at $61,108. The price of Bitcoin is below its 100-day moving average at $62,153. The price has been trading above and below the 100-day moving average over last last few weeks (at different times). The low price was reached the day it broke below the 100-day moving average back on May 1. The low price reached $56,500 but quickly rebounded. Since then, breaks have been met with limited downside momentum.

This article was written by Greg Michalowski at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

USDJPY stalls the fall today and yesterday at the 100 bar MA on the 4-hour chart

The USD/JPY pair moved lower in the early Asian session but found...

What is the latest tilt for US Treasury Secretary?

The fight for US Treasury Secretary is thought to be coming to...

University of Michigan consumer sentiment final for November 71.8 versus 73.7 estimate

Preliminary 73.0Consumer sentiment 71.8 versus 73.7 estimate. Preliminary 73.0. Prior month 70.5Expectations...

GBP/ZAR Price Forecast: Early-warning signs the short-term trend may reverse

GBP/ZAR has formed a temporary bottom after a steep sell-off.