US Open. Market Overview for 23.08.2016
23.08.2016
Pre Market:
The S& P500 Future is trading higher +0.18%. The DAX has gained 0.98%. Additionally, European Stocks have traded up. European PMIs arrived better than expected this a.m., coming in at 53.3, 0.2% better than expected. European sentiment is better than analysts expected, giving support to markets. Largest gains were seen in European Financial Stocks. The USD is losing ground against the Euro and Yen. Gold is increased 0.31%, whilst WTI Oil weakens slightly. We expect a stronger start to Wall Street.
S&P 500
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. 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.