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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 21.11.2016
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US Open. Market Overview for 21.11.2016

21.11.2016

Pre-Market

The S&P 500 rises 0.26% in pre-market trading. German stocks started the week on a weaker footing. The morning session saw the DAX drop under the 10600 level. The trend changed to positive at 10:30, leading to a gain of 100 points to the 10700 level. The DAX is up 0.36%. Volkswagen gains the most at +2.39%. Merck on the other hand drops 1.29&. Technically the DAX is in a sideways trend. The S&P500 trades below the important resistance of 2200. Earnings season has come to an end. It remains to be seen which event will cause a breakthrough. After last week’s large gains in the USD, profit taking is seen. Gold and WTI Oil trade up.

S&P 500

The S&P 500 is in a sideward trend




Nasdaq 100

The Nasdaq 100 is in a sideward trend




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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.