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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 14.11.2016
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US Open. Market Overview for 14.11.2016

14.11.2016

Pre-Market

The S&P 500 trades 0.07% higher in premarket trading. German stocks start the week on a positive footing. The DAX rose 1% on the open and then saw some profit taking. Resistance at 10800 remains intact, only if this level is breached do we expect a further sustained up move. Largest gaining stock in the DAX was Commerzbank at +6.24%. On the negative side, RWE drops 3.45%, after weaker quarterly numbers disappointed analysts. Various banks and brokers downgraded the stock. The Dow Jones index has reached a new all-time high. Broader indices such as the S&P and Nasdaq though, have not breached their all-time highs. Only after a break of these levels do we see a further up move. Currently sector and stock rotation dominates events. The USD trends higher, whilst Gold and WTI Oil lose.

S&P 500

The S&P 500 is in a sideways trend




Nasdaq 100

The Nasdaq 100 is in a sideways trend




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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.