Further rally in global stock markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Friday the US dollar index and stock market continued upward movement due to the positive earnings reports from the companies and macroeconomic statistics. The U.S. October manufacturing PMI by Markit exceeded forecasts. The quarterly earnings from Procter & Gamble were positive and its stocks climbed 2.9%. Nasdaq Composite added 3% in a week, Dow Jones - 2,5% and S&P 500 - 2,1%. Due to this, S&P 500 added 0.8% since the start of the year. The market participants believe the

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