US Open. Market Overview for 26.08.2016
26.08.2016
Pre-Market
The Standard & Poor`s 500 Future is trading unchanged. Trading, ahead of Fred President Janet Yellen´s speech is uneventful. The biggest gaining stock in the DAX is Volkswagen, adding +2 %. VW is making progress in regard to their emissions scandal. VW is looking to offer their 650 US dealers compensation, to the amount of 1.2 Billion USD. The US economy grew less than expected. Lower state expenditure and a bigger drop in inventories could not be countered by higher consumption. Economists were expecting growth for the third quarter. Gold added +0.61% and WTI Oil added 0.21%. We expect an unchanged open on Wall Street
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. 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.