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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 19.10.2016
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US Open. Market Overview for 19.10.2016



The S&P 500 is trading up 0.13% pre-market. The DAX is unchanged ahead of tomorrow´s ECB meeting. After initial weakness, stocks were able to rebound. Main focus of the day are automotive stocks. As such BMW and Daimler gain by 1.45% and 1.27%. Both companies profit from better than expected Chinese industrial production figures, which came at +6.4% against +6.1%. China is  a major export market for the German automotive industry. Prior to the US open Morgan Stanley gave better results and the oil exploration company Halliburton surprisingly announced a profit. Both stocks are up pre market.  We expect a higher open to Wall Street. Gold and WTO Oil are firmer. The USD loses against the YEN and rises to the Euro.

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.