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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 29.09.2016
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US Open. Market Overview for 29.09.2016



The S&P 500 trades down 0.23% pre-market. The DAX trades up 0.49%, supported by the surprising agreement by OPEC for oil production caps. The cut of 750 000 barrels is the highest since the financial crisis of 2008. RWE shares rise 4.45%, profiting from great demand for its ecological sidearm Innogy, which is due to be listed on the 7th of October. Innogy´s listing will be the largest IPO in the last 16 years. US GDP rose by 1.4% in the second quarter of 2016 against expectations of +1.3% and Initial Jobless Claims were markedly lower than expected. The USD rises against the Yen by 1% and trades slightly higher against the Euro. Gold trades down and 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 an upward 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.