US Open. Market Overview for 27.09.2016

27.09.2016

Pre-Market

The S&P 500 is up 0.21% in premarket trading, initial euphoria of Clinton´s so-called victory over Trump fading quickly. After initial gains, the DAX loses 0.77%. The highest loser in the DAX is Deutsche Lufthansa, down -4,2%. According to analysts, earnings lows in the aeronautical business not having been reached yet. The Euro Stoxx 50 is slightly more stable, losing 0.64%. Shares in Danone and L´Oreal even managing to gain slightly. The USD gains 0.44% against the Euro and unchanged against the Yen. Commodities are showing weakness, WTI Oil loses -2.5% and Gold -0.47%. We expect a higher open to Wall Street, although it remains to be seen how far the „Clinton effect“ will carry markets.

The S&P 500

The S&P 500 is trending sideways. Resistance is at 2200 and support at 2115




Nasdaq 100

The Nasdaq 100 is looking to break out to the upside.




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.