US Open. Market Overview for 07.10.2016

Pre-Market:

The S&P 500 is trading down 0.07%. US job numbers came in at 14:30, analyst expectations of  an increase of 175 000 Nonfarm Payrolls where disappointed, as the figure came in at 156000.

The USD dropped against the Yen and Euro after the numbers. The DAX managed to rise after a volatile morning in response to payrolls, currently trading at -0.3% on the day. The best performing DAX stock is E.ON, gaining 2.93%, whilst RWE loses 5.57%. We expect a softer open on Wall Street. Gold trades up, while WTI Oil is unchanged.

S&P 500

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

Nasdaq 100

The Nasdaq 100 is in a sideways trend. Resistance is at 4900 and support is seen at 4800.




RoboForex Analytical Department