US Open. Market Overview for 17.08.2016
17.08.2016
Pre-Market
The Standard & Poor`s 500 Future is trading unchanged. The Dax is losing ground this Wednesday. Statements by New York Fed President William Dudley and Atlanta Fed President Dennis Lockhart, in relation to stronger economic growth and the ensuing possible rate hike in this year, having installed new rate hike fears in European markets. In sight of tonights Fed Minutes, investors are sidelined. Fed Funds are pricing in a 22% chance of an increase in interest rates this September. The USD is strengthening against the Yen and the Euro is unchanged. Gold and WTI Oil are showing weakness. We expect an unchanged open 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.