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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 27.10.2016
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US Open. Market Overview for 27.10.2016

27.10.2016

Pre-Market

The S&P 500 gains 0.20% in premarket trading. German stocks are trading unchanged. After initial strength in the morning, stronger selling resumed. Main focus of the market is still quarterly results. Deutsche Bank surprised by reporting a profit. After opening up 3%, the share moved back to unchanged by lunchtime. Trust in Germany´s largest bank is still at its lows. BASF gained 0.33% after reporting good numbers. Volkswagen softened -0.36% after reporting good numbers and opening higher.  In US markets, Tesla was able to report its first quarterly profit in three years, turnover more than doubling to 2.3 billion USD. Profit was reported at 22 million USD. The USD gains against the Yen and softens slightly to the Euro. Gold and WTI Oil trend higher. We expect a higher open to Wall Street.

S&P 500

The S&P 500 is in a sideways trend. Resistance is seen at 2200, support at 2115.




Nasdaq 100

The Nasdaq 100 is in a sideways trend. Resistance is seen at 4900, support 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.