US Open. Market Overview for 06.09.2016

September 6, 2016

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Pre Market:

The S&P 500 is trading slightly higher at +0.07%. The Dax gains 0.4%. Today´s best performing stock in the DAX is Fresenius, gaining 4%. Fresenius has announced the take over of a Spanish hospital operator, gaining approval from investors. Otherwise, speculation on interest rates remains the dominant subject for markets. The ECB meets on Thursday, a few market participants are expecting further monetary expansion. Investors are looking to the US markets with suspense, the usual summer doldrums in markets mostly ending after Labour Day. We expect a higher start to Wall Street. The USD is trading down to the Euro and Yen. Gold rises 0.54% and WTI Oil drops 0.7%.

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.

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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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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