US Open. Market Overview for 15.08.2016
15.08.2016
Pre Market:
The S& P500 Future is trading up 0.23%. European Indices started the week in profit.The DAX giving the highest gains at +0.38%. The best performing stock in the DAX being Heidelberg Cement at +1.5%, whilst reaching a multi year high. US data came in weaker than expected, with Empire Manufacturing missing expectations. Recent US sentiment indicators have been weak, implying an economic slowdown, making the case for a further rate increase less likely.
The Euro and Yen are gaining on the USD. Gold is trading unchanged and Oil is up on the day.
S&P 500
The S&P500 is in an upwards trend. We expect a continuation of this trend.
Nasdaq 100
The Nasdaq 100 is in an upward trend. We expect a continuation of this trend.
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.