Dow Jones Industrial is marching towards a new record high

Dow Jones Industrial Average approaching the boundary Support 10,600.00

In brief: Dow Jones Industrial Average: bulls attack furiously, the bears leave the battlefield. New highs are real.

Dow Jones Industrial Average reached the level of 10,573.91 points. The overall growth of Dow Jones Industrial +123.27 points (1.18%) now. Thus, a positive trend for the Dow index came from the UK and China. The level of support for the bulls on the U.S. stock market remains a record high. Even in European trading data for the UK slightly increased the activity to the risk, but the positive mood was not supported, and later traded currencies, with some decrease.

Oil prices rose, but, nevertheless, failed to inspire optimism in market participants. Price of the July contract for light sweet crude oil rose to $ 0.79 per barrel, closing at $ 77.12 per barrel. Another asset that grew on Friday became the franc, as on Thursday the Swiss National Bank and refused to intervene in the market to stem the national currency. However, the franc showed growth mainly against the euro. In the Asian session, the rates for major currencies traded against the dollar with an increase in the hair dryer positive trading Asian stock indexes and the decision of the People’s Bank of China to allow RMB to strengthen the position. This decision of the Bank was perceived by the market as a positive development. This week will focus on the U.S. economy, as expected a large number of economic data from the U.S..

Ukrainian Globalist
2010-06-21 14:02, Economics.

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