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Home / Analytics / Forex analysis & forecasts / Market Overview / Morning Call. Market Overview for 08.11.2016
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Morning Call. Market Overview for 08.11.2016


The Big Picture

The US election covers 6 time zones. Due to this, the polling stations on the west side close much later than those in the east. The citizens of Alaska and Hawaii will be the last to post their vote. The islanders can vote until 5am CET and those in Alaska until 6am CET. The first forecasts by TV stations are expected shortly after midnight. Washington´s residents can vote up to 2 am and New York, the hometown of the Clintons, up to 3am. As one of the most important states, California closes at 5am CET. The „ Swing-States“ will be decisive to the outcome of the election, these being Florida, North Carolina, Ohio and Pennsylvania. The winning candidate should be announced around 5am. In 2012, Barrack Obama was declared president at 5.15 am CET.


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


International markets started the “decision week“ on a very firm footing. After Hilary Clinton was exonerated of further wrong doing in regard to her email affair, Asian markets firmed up markedly. The DAX ended the day up 1.93%. Largest gainers were in the financial sector, with Deutsche Bank and Commerzbank both gaining 5%. Surprisingly the German economy saw a slowdown in orders, increasing only 2.6% against the expected gain of 3.5%. This however has no influence on the DAX. US markets also trended firm, the S&P gaining 2.22%. Biotech stocks were favored; the sector index gained 3.68%. Asian markets are unchanged this morning. The USD, Gold and WTI Oil are unchanged. Investors await the outcome of the elections.

Economic Data:

08:00 Germany: Industrial Production

Quarterly Results:

  • USA: Trip Advisor, amongst others

US Elections:

After Midnight: First Forecast
  • 02:00: Washington closes polling
  • 03:00: New York closes polling
  • 05:00: California closes polling

After 5am: Announcement of the Winner

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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.