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 28.11.2016
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 28.11.2016

28.11.2016

The Big Picture

Speculations over possible takeovers in the bio-tech sector continue. Patents for “blockbuster“ medicines are rapidly becoming void. Leaving only 2 options for large pharmaceutical companies. They can either invest billions in research, this being expensive, taking a long time and ultimately the state cab refuse to license the product. Or, as a second option, they can takeover already existing companies with interesting strategies and patents. As such and according to insiders, the US health giant Johnson & Johnson is looking to acquire the Swiss biotech company Actelion. Actelion is Europe´s largest biotech company. Representatives of both companies have not commented.

DAX

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




Euro / USD

The Euro is in a downward trend




USD / JPY

The USD is in an upward trend




Gold

Gold is in a downward trend




WTI Oil

WTI Oil is in an upward trend




Overnight:

Trade was very quiet on Friday, the day after Thanksgiving. The DAX gained 0.09% into the close. Investors continued to be sidelined. Largest losing stitch in the DAX was Thyssen Krupp, losing -2.9%. E.On was on the winning side, gaining 1.64%. Post-Thanksgiving, Friday saw Wall Street close early at 19:00. The S&P 500 rose 0.39%, reaching a new all-time high during this shortened session. There was not much volatility in single shares as a whole. First Solar gained 2.75%. Asian stocks are up this morning. The USD loses -0.61% against the Euro and -1.11% against the Yen. Gold trades up whilst WTI Oil drops 0.91%.

Economic Data:

  • 16:30: USA, Dallas Fed Manufacturing Business Index

Quarterly Results:

  • No relevant data

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.

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.