Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Market Overview / Morning Call. Market Overview for 07.11.2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

Morning Call. Market Overview for 07.11.2016


The Big Picture

On Sunday, the head of the FBI James Comey announced that there has been no criminal behavior evident in Hillary Clinton´s latest email affair. As such, there will not be an investigation in to the Democrat´s presidential candidate. Hillary Clinton had used private email servers for government business. James Comey announced that this was careless, yet he could see no legal consequences arising. This development gives Hillary Clinton a certain relief in the build up to the election. She had markedly lost ground to Republican Donald Trump recently, due to the email investigation. International markets had strongly lost in the last weeks due to Trump´s lead, this morning however, the S&P500 is up 1.25%.


The DAX is in a sideways trend.  Resistance is at 10820, support at 10250.

Euro / USD

The Euro is in a large sideways trend against the Dollar. Support is at 1.0822, resistance at 1.1429.


The USD is in a short-term downward trend, major support is at 100.


Gold is in an upward trend


WTI Oil is in a downward trend


Stocks were gripped by the elections and US job numbers on Friday. The DAX index lost for its 6th consecutive day, down 0.65%. Largest losing stock was ProSiebenSat.1, dropping 7.36% after announcing a capital increase. Adidas also dropped 3,13% after weaker quarterly numbers. BMW managed to gain 0.54% on better data. US job numbers came in weaker than expected, jobs outside of the agricultural sector had weekend. The S&P lost 0.17%. Asian markets and US futures are firm this morning in response to Hillary Clinton´s exoneration. The USD and WTI Oil are firmly in positive territory whilst Gold loses 1.09%.

Economic Data:

  • 08:00 Germany: Industrial Orders

Quarterly Results:

  • USA: Cognizant Technology, amongst others

RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


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.