The exchange rate euro is falling today. Since the beginning of the week for the euro continued to feel the growing interest in the sale and is currently being tested bids around $ 1.2880, a break below which will open the way for the next series of orders of bulls in the area of $ 1.2865 and about $ 1.2850.
The overall negative trend in global stock markets remain very high. Dow Jones Industrial Average was influenced by a set of data on statistics from Australia, Europe and Asia. Good news, unfortunately, was much less than the bad. Another reason for the collapse of Dow Jones Industrial Average started the bad news from the automotive sector, the United States. Meanwhile, the unexpected news that can turn the market upside came from Switzerland.
Dow Jones Industrial Average justified forecasts of analysts, S & P rose against the distrust of investors. U.S. trades in the stock market finished the week on a positive note. Happy Friday, May 21, futures on the S & P continued to decline and reached 1051.5 points, significantly interrupting anti-record of the day “mistakes trader” and came close to the level of the three-month minimum. As a result, at the opening of trading value of the Dow Jones was substantially (80 points) below the psychologically important level of 10,000 points, which on 6 May seemed unattainable, and in February for two weeks kept the quotes from the fall.
May 6 Dow Jones Industrial Average surprised the financial world. Record drop in Dow Jones Industrial Average was a shock to investors, many players will be permanently lost to the market because of this tragedy. The U.S. has not yet established the cause of the record-shattering exchanges.
On Wednesday, U.S. stock indices finished the session a good growth. Fears of the spread of the debt crisis problem Eurozone countries, and reassured investors guide the Commission Commodity Futures Trading, said at a congressional hearing that the confluence of the market last week was to blame for a trader who sold futures aggressively S & P500 e-mini.
As a result of trading May 12 on the New York Mercantile Exchange, the July futures on gold prices increased by 1,6% (+ $ 19.5) to $ 1220.3 per ounce, which became the new historical maximum price for the precious metal. To date, gold little cheaper, but the price remains above $ 1200 per ounce.
Due to an error trader in one letter of the U.S. market within 15 minutes lost $ 1 trillion. It was the biggest collapse in the Dow Jones in history. Another “black Thursday” that occurred on May 6, likely will go down in history books. Within minutes the Dow Jones index fell by almost 1000 points and the S & P 500 lost just 8.6%.