US Open. Market Overview for 01.09.2016
01.09.2016
Pre-Market
The Standard & Poor`s 500 Future rises by 0.08%. The Dax has had a positive start to September, gaining 0.37%. The Euro Stoxx 50 Index rises by 0.87%. Takeover speculation has gripped European stock markets. Center stage for these speculations are Commerzbank and Deutsche Bank. At a plus of 6%, Commerzbank is the best performer today. US Initial Jobless Claims were within expectations, taking no immediate effect on markets. The USD trades up 0.41% against the Yen and 0.14% against the Euro. Gold is unchanged and WTI Oil drops 0.81%. We expect a stronger start to Wall Street.
The S&P 500
The S&P 500 in an upward trend. Short term the index is in a sideways trend. Resistance is at 2197 and support at 2150.
Nasdaq 100
The Nasdaq 100 is in an upward trend. Short term the index is in a sideways trend. Resistance is at 4837 and support at 4767.
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.