US Open. Market Overview for 16.08.2016
16.08.2016
Pre-Market
The Standard & Poor`s 500 Future is trading weaker at - 0.23%. The DAX has had a volatile morning. Having had a weak start, the better than expected ZEW (Economic Sentiment) data provided a strong up move. This strength however, was brief. US Housing Starts came in 31000 higher thanks expected, leading into a light rebound in the US Dollar. In total the USD has shown larger losses against most currencies (Morning Call). Gold is profiting form the weaker Dollar and Oil is unchanged. We expect a weaker start on Wall Street.
S & P 500
The S&P 500 is in an upward 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.