The S&P 500 is trading up 0.2%. Rumors that the ECB is looking to decrease its bond buying activities lead to profit taking. These rumors left investors fearing that central banks will stop their expansive monetary policy. The rumor has been denied by the ECB. The weakest stock in the DAX today is the real estate company Vonovia, losing 2.33%. Volkswagen and BMW gain. in the USA ADP employment numbers were published, giving an insight ahead of Friday´s employment number. Expectations of 165000 new jobs were missed, the figure coming in at 154000. Due to the numbers, the USD lost slightly against the Yen. Gold rises by 0.54% after yesterday´s losses and WTI Oil is up 1.79%
The S&P 500 is in a sideways trend. Resistance is at 2200 and support at 2115.
The Nasdaq 100 is in an upward trend. Resistance is at 4900 and support is seen at 4800.
RoboForex Analytical Department
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