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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 17.10.2016
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US Open. Market Overview for 17.10.2016



The S&P 500 is trading unchanged pre-market. The DAX started the week in negative territory, losing 0.46%. Highest losing stock of the day is Henkel, at -1.65%. In contrast, Allianz gains 1.65%. Fed Chair Janet Yellen hinted on Friday, that Fed is looking to act faster on economic data in future. This could be read as a further indicator that the Fed will raise rates in December. Bank of America announced its quarterly numbers, which showed an increase in profits of 7.3%. Higher profits in bond trading and lower costs were responsible for the increase. The stock gains pre market. We expect a lighter start to Wall Street. The USD trends lower, Gold gains whilst WTI Oil is 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.