DAX: Waiting for Non Farm Payrolls. Market Overview for 05.08.2016
05.08.2016
Pre-Market direction of US Futures (07.00 CET)
The S&P is up 0.19%
DAX
The DAX is in a downward. We expect a continuation of this trend.
Euro Stoxx 50
The ES50 is in a downward trend. We expect a continuation of this trend.
Euro / USD
The Euro is trending upwards to the USD. We expect a continuation of this trend.
JPY / USD
The Yen is trending upwards to the USD. We expect a continuation of this trend.
Gold
Gold is trending upwards. We expect a continuation of this trend.
WTI Oil
Oil is trending downwards. We expect a continuation of this trend.
Overnight recap:
The US Equity Markets traded stably on Thursday. Investors were reluctant to invest,
awaiting today´s employment figures. Today´s numbers are expected to only have a short term effect on the market. Asian markets traded positively, Energy and Consumer Stocks being favored.
Currencies are trading unchanged,awaiting todays´numbers. Gold is trading higher whilst oil is weakening after yesterday´s advance.
Today´s numbers (CET)
08:00: German Factory Orders
14:30: Non Farm Payrolls
Company news:
DAX: Quarterly results from Allianz
Euro Stoxx: Quarterly results from Allianz
USA: Quarterly results from Berkshire Hathaway, amongst others
RoboForex Analytical Department
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.