{"id":97443,"date":"2016-10-28T07:17:33","date_gmt":"2016-10-28T11:17:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=97443"},"modified":"2016-10-28T07:17:33","modified_gmt":"2016-10-28T11:17:33","slug":"morning-call-market-overview-for-28-10-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/morning-call-market-overview-for-28-10-2016\/","title":{"rendered":"Morning Call. Market Overview for 28.10.2016"},"content":{"rendered":"
October 28, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

The Big Picture<\/h2>\n

Around a third of Corporations in the DAX have reported their quarterly results. Most of these reporting have beaten analyst expectations. Most CEOs also gave positive outlooks. As such, SAP\u00b4s cloud business grew very well. Although reporting weaker numbers, BASF beat analyst expectations. Despite BASF operating in a difficult environment, this led its stock rising, BASF will also profit from rising oil prices. Deutsche also surprised by announcing a profit, yet after opening strongly, prices fell. Deutsche\u00b4s existing issues still weighing heavily. Volkswagen is making progress in dealing with its emissions-scandal.<\/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 an upward trend<\/p>

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WTI Oil<\/h2>\n

WTI Oil is in a downward trend<\/p>\n

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Overnight:<\/h2>\n

German stocks only partially profited from good company results. After a firm open weakness came back in to play, leaving the market to close at +0.07%. Largest gaining stock in the DAX was Fresenius SE % CO KGaG rising 2.11%. The company reported solid results and is growing in all sectors. Wall Street trades weaker, The S&P loses 0.30% and the Nasdaq 0.5%.The Tech heavyweight Amazon reported after the market close. Turnover was within analysts\u2019 expectation, yet profit and outlook disappointed. The outlook for Christmas was particularly timid. The Stock lost 5% after the close. The Nikkei 225 rises 0.58% on the back of a weaker Yen. The Euro trades slightly higher to the USD. Gold and WTO Oil are firm.<\/p>\n

Economic Data:<\/h2>\n