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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 12.10.2016
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US Open. Market Overview for 12.10.2016



The S&P 500 is trading unchanged  pre-market. The DAX is trading down -0.11%. After the weak impulse given by US markets, German equities are holding up well. The weaker Euro, which is trading around July´s highs, also giving support. Largest winning stock in the DAX is Lufthansa, gaining 3.27%. In total, the DAX is still trading in a large sideways trend. US markets are expecting the evenings Fed minutes, which may give a clue to further rate actions. Momentarily investors are expecting a rate hike in December. Walls Street looks to open weaker. The USD is firmer. Gold and WTI Oil are 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.

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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.