{"id":96738,"date":"2016-10-13T07:30:18","date_gmt":"2016-10-13T11:30:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=96738"},"modified":"2016-10-13T07:30:18","modified_gmt":"2016-10-13T11:30:18","slug":"morning-call-market-overview-for-13-10-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/morning-call-market-overview-for-13-10-2016\/","title":{"rendered":"Morning Call. Market Overview for 13.10.2016"},"content":{"rendered":"
October 13, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

The Big Picture<\/h2>\n

Yesterday\u00b4s release of the Fed Minutes showed that the decision not to raise rates in September was closer than thought. The decision was 7: 3 against a rate hike, with more Fed directors looking to raise rates soon. The effects of low interest rates on jobs was discussed controversially, the pro rate increase side purporting that a lack of workers will lead to higher wages and\u00a0 in turn, lead to inflation. Therefor this party is looking for a marked rise in interest rates. Supporters of low interest rates on the other hand, are looking at the scenario of many unregistered unemployed gaining new work. This would lead to inflation free growth, as salaries would not rise. There were also voices, which stated that the Fed would lose credibility without soon raising rates.<\/p>\n

DAX<\/h2>\n

The DAX is in a sideways trend.\u00a0 Resistance is at 10820, support at 10250.<\/p>\n

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Euro \/ USD<\/h2>\n

The Euro is in a large sideways trend against the Dollar. Support is at 1.0822, resistance at 1.1429.<\/p>\n

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USD \/ JPY<\/h2>\n

The USD is in an upward trend.<\/p>\n

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Gold<\/h2>\n

Gold is in a downward trend.<\/p>

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WTI Oil<\/h2>\n

WTI Oil is in an upward trend<\/p>\n

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Overnight:<\/h2>\n

German stocks started to show the first signs of an Autumn storm yesterday, the DAX losing 0.51%. The DAX lost more ground during a lackluster afternoon trading session. Largest loser was Fresenius, down 1.76%. On the winning side, Lufthansa shone with a gain of 4.29%, after reporting higher September passenger numbers yesterday. Centerpiece of US markets were the minutes of the Fed\u00b4s September meeting. After realizing how close the decision to not raise rates was, the markets lost ground. The S&P however, did mange to close up 0.11%. Specific bio-tech companies were under pressure in the Nasdaq, the bio-tech index so losing 2.5%. Asian stock are trading in the red. The USD and WTI Oil are losing and Gold rises 0.38%.<\/p>\n

Economic Data:<\/h2>\n