US Open. Market Overview for 19.08.2016
19.08.2016
Pre-Market
The Standard & Poor`s 500 Future is trading down 0.23%. The Dax is losing ground at -0.39%.
The important support at 10500 is being tested and has held so far. In comparison to other European markets, the DAX is holding up well. French Stocks are down 1% and Italian Stocks down 2.5%.With Italian ans Spanish Financial Stock leading losses, Trading was influenced by today´s option expiry date. As we are at the end of quarterly earnings reports, no relevant data is expected. Coming to the end of the week, the USD has strengthened against all Major Currencies.
WTI Oils and Gold are trading weaker.
S & P 500
The S&P 500 is in an upward trend. Short term it is trading sideways. Upward resistance is at 2197 and support comes in at 2150.
Nasdaq 100
The Nasdaq 100 is in an upward trend. We expect a continuation of this trend.
RoboForex Analytical Department
Attention!
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.