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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 30.08.2016
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US Open. Market Overview for 30.08.2016


Pre Market:  

The S&P 500 is trading slightly weaker at -0.05%. The DAX has risen 1% in unison with the positive developments of other European markets. German consumer prices for July came in lower than expected. An annual rise go 0.5% was expected, July´s number of 0.4% lay behind expectations. In total, these 0.4% are way below the ECB´s target of 2%. Pre market, Apple is trading down -2%. Apple needs to pay 13 Billion USD tax back in Ireland. This decision was made by the European-Commission, saying that Apple had unjustly taken 13 Billion in tax concessions. 2003 the corporations had effectively paid 1% in tax. By 2014, this rate had gone down to 0.005%. The Irish government has rejected the Commissions decision. The USD is trading generally higher.We expect a weaker start to Wall Street.

The S& P500

The S&P500 is in an upwards trend. Short term we are in a sideways move. Resistance is at 2197 and support is to be found at 2150.


Nasdaq 100

The Nasdaq 100 is in an upward trend. Short term we see a sideways move. Resistance is at 4837 and support is to be found at 4767.

RoboForex Analytical Department

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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.