US Open. Market Overview for 12.08.2016
12.08.2016
Pre-Market
The Standard & Poor`s 500 Future is trading slightly weaker at - 0.11%. Surprisingly PPI (Producer Prices) came in at minus 0.2%, analyst expectation were at plus 0.2%. US inflation therefore is currently still contained, leaving room for a discussion on deflation. In addition, retail sales
also came in weaker than expected. In light of the data, the USD lost ground against the Euro and Yen. Gold and WTI Oil are trading up. We expect Wall Street to open on a weaker footing.
S & P 500
The S&P 500 is in an upward trend. The next upward resistance is at 2190.
Nasdaq 100
The Nasdaq 100 is in an upward trend. The next upward resistance is at 4800.
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.