US Open. Market Overview for 02.09.2016
02.09.2016
Pre Market:
The S&P 500 traded 0.29% higher after the jobs data. The DAX gains 0.43% anthem Euro Stoxx 50 rises 0.76%. Employment data came in weaker than expected. Instead of the expected 180 000 newly created non agriculture jobs (Nonfarm payrolls), the figure came in at 151 000. This data alleviated fears of an interest rate rise during September. US market and European markets immediately rose after the data. The Yen and Euro were able to retrace. Gold and WTI Oil trade higher. We expect a higher open on 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
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.