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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 02.11.2016
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US Open. Market Overview for 02.11.2016

02.11.2016

Pre-Market

The S&P 500 weakens -0.14% in premarket trading. German stocks are further of a weak disposition. It seems as if Donald Trump is still in a position to win the elections, the Washington Post views Trump leading the polls. Hillary Clinton has been forced in to the defensive by recent accusations, leaving her to raise her level of aggressiveness to return to the race. These latest developments have led to recent market weakness.  The DAX loses 0.84%, weakest stock is BMW at -2.92%. Commerzbank and Deutsche Bank are also showing strong weakness. Lufthansa saw a jump in profits on the back of a special effect. The USD drops slightly against the Euro and 0.77% to the Yen. Gold trades firmer, whilst WTI Oil loses 1,46%.

S&P 500

The S&P 500 is in a sideways trend. Resistance is seen at 2200, support at 2115.




Nasdaq 100

The Nasdaq 100 is in a downward 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.