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Home / Analytics / Forex analysis & forecasts / Market Overview / US Open. Market Overview for 31.10.2016
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US Open. Market Overview for 31.10.2016

31.10.2016

Pre-Market

The S&P 500 gains 0.22% in premarket trading. German stocks weaken by 0.27%. Ahead of important upcoming events, German stocks are without direction. This week she US, UK and Japanese central banks meet, next week the US votes. Large surprises aren´t expected, yet investors stay sidelined. BMW drops 1.3% whilst Thyssen rises 0.88%. German retail sales were weaker than analysts expected. Expectations of yearly rise of 1.5% were clearly not met by the actual figure coming in at +0.4%. US consumer spending came in better than expected at +0.55% against 0.4%. The USD rises prior to the Fed meeting. Gold and WTI Oil weaken.

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.