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S&P 500: Markets rise at the close of the week, the dollar somewhat weak

  • Equity markets rise in Europe, Wall Street futures in the green.
  • New minimums in weeks for oil prices.
  • The mixed dollar, the kiwi the best among the G10.

Markets are trading in the green on Friday, in a generally calm day. The dollar is mixed, while oil remains downhill and metals rise modestly. No impact data before the end of the week.

Friday with increases, without news (for now)

European markets advance across the board. The FTSE 100 is up 0.80%, the DAX 0.98% and the CAC 40 1.12%. On Wall Street, after falling 0.31% on Thursday, S&P 500 futures are up 0.59%, and Nasdaq futures are up 0.71%.

Sucia said it found explosives in the area where there was a series of explosions that damaged the gas pipeline in the Baltic Sea in late October.

Gap rises significantly in the previous one after the presentation of results. Alibaba falls 2.5% while NVIDIA yy Advanced Micro Devices rise 1.50%. Among the companies that will present results on Friday is foot lockerEstée and Sysco.

The president of the Federal Reserve Bank of St. Louis, James Bullard He stated that the final interest rate should be between 5 and 5.25%, which represents a higher level than his previous estimates. While the expectation of the final rate rises, that moment is getting closer and the market discounts a Fed raising less aggressively.

The dollar operates with mixed results. The DXY falls 0.10% despite the rise in Treasury yields. The 10-year bond yields 3.80% and the 2-year bond yields 4.49%. In the US, existing home sales data will be published on Friday.

The main pairs of the currency market operate without significant changes. The Kiwi (NZD) is among the best performers on expectations of a big interest rate hike from the Reserve Bank of New Zealand next week.

The EURUSD is trading around 1.0370 after failing to break above 1.0400. Hours ago, the president of the European Central BankChristine Lagarde affirmed that it is necessary to continue raising interest rates, warned that inflation is very high and saw growing risks of a recession.

The pound is up against both the dollar and the euro, with GBPUSD in the 1.1900 zone and EURGBP trying to break back below 0.8700. The Rishi Sunak government’s autumn budget presentation did not have much impact on the markets. A mixed UK retail sales report for October was released on Friday showing an increase of 0.6%.

The yen rises in the market moderately. USDJPY is back below 140.00 and remains in the recent range. It was learned that the Consumer Price Index in Japan went from 3% to 3.7%, and that the index without food reached 3.6%, the highest in 40 years.

different paths

The prices of Petroleum are falling on Friday and hit new lows in weeks. The WTI barrel falls 0.40% and is at $81.30, the lowest level since October 3. Baker Hughes oil rig data will be published on Friday.

The metals for their part, they are rising modestly but have not yet moved significantly from the monthly highs reached this week. Gold trades around $1,765 and silver at $21.15.

Despite the rise in stocks and Treasury yields, metals and oil are moving in opposite directions. The optimism shown by stocks with recent gains is failing to lift oil. Next week the European Union embargo on Russian oil will come into effect.

The cryptocurrencies They show slight increases after erasing the gains of hours after. The bitcion he got close to $17,000 but couldn’t break that barrier. ethereum rises 0.90% and trades at $1,215.

technical levels

SP500

Panorama
Last Price Today 3969.85
Today’s Daily Change 23.22
Today’s Daily Change % 0.59
Today’s Daily Open 3946.63
Trends
20 Daily SMA 3854.09
SMA of 50 Daily 3793.06
SMA of 100 Daily 3909.95
SMA of 200 Daily 4055.31
levels
Previous Daily High 3979.18
Minimum Previous Daily 3902.84
Previous Weekly High 4000.42
Previous Weekly Minimum 3742.68
Maximum Prior Monthly 3905.2
Minimum Prior Monthly 3489.72
Daily Fibonacci 38.2% 3932
Daily Fibonacci 61.8% 3950.02
Daily Pivot Point S1 3906.59
Daily Pivot Point S2 3866.54
Daily Pivot Point S3 3830.25
Daily Pivot Point R1 3982.93
Daily Pivot Point R2 4019.22
Daily Pivot Point R3 4059.27

Source: Fx Street

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