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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 28.10.2016
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US Open. Market Overview for 28.10.2016



The S&P 500 gains 0.14% in premarket trading. German stocks rebounded from the day´s low. The DAX dropped under 10600 at the start of trading, only to rebound 100 points by 13:00 CET. Interest rate fears have gripped markets again, after yields rising internationally in the last few days, so leading to doubts about expansive central bank policy. Linde announced results before the markets opened. Numbers were better than expected and cost cutting plans are to be expanded. Linde stock rose 2.32%. Alphabet, Google´s holding company, also reported better than expected numbers, the stock gains 1% premarket. Gold and WTI Oil are down. The USD loses against the Euro and gains slightly against the Yen.

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.