{"id":97838,"date":"2016-11-07T07:25:02","date_gmt":"2016-11-07T12:25:02","guid":{"rendered":"http:\/\/countingpips.com\/?p=97838"},"modified":"2016-11-07T07:25:02","modified_gmt":"2016-11-07T12:25:02","slug":"morning-call-market-overview-for-07-11-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/morning-call-market-overview-for-07-11-2016\/","title":{"rendered":"Morning Call. Market Overview for 07.11.2016"},"content":{"rendered":"
November 7, 2016<\/div>
\r\n<\/div><\/div>

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

The Big Picture<\/h2>\n

On Sunday, the head of the FBI James Comey announced that there has been no criminal behavior evident in Hillary Clinton\u00b4s latest email affair. As such, there will not be an investigation in to the Democrat\u00b4s presidential candidate. Hillary Clinton had used private email servers for government business. James Comey announced that this was careless, yet he could see no legal consequences arising. This development gives Hillary Clinton a certain relief in the build up to the election. She had markedly lost ground to Republican Donald Trump recently, due to the email investigation. International markets had strongly lost in the last weeks due to Trump\u00b4s lead, this morning however, the S&P500 is up 1.25%.<\/p>\n

DAX<\/h2>\n

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

\"\"<\/p>\n

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

\"\"<\/p>\n

USD \/ JPY<\/h2>\n

The USD is in a short-term downward trend, major support is at 100.<\/p>\n

\"\"<\/p>\n

Gold<\/h2>\n

Gold is in an upward trend<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\"\"<\/p>\n

WTI Oil<\/h2>\n

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

\"\"<\/p>\n

Overnight:<\/h2>\n

Stocks were gripped by the elections and US job numbers on Friday. The DAX index lost for its 6th consecutive day, down 0.65%. Largest losing stock was ProSiebenSat.1, dropping 7.36% after announcing a capital increase. Adidas also dropped 3,13% after weaker quarterly numbers. BMW managed to gain 0.54% on better data. US job numbers came in weaker than expected, jobs outside of the agricultural sector had weekend. The S&P lost 0.17%. Asian markets and US futures are firm this morning in response to Hillary Clinton\u00b4s exoneration. The USD and WTI Oil are firmly in positive territory whilst Gold loses 1.09%.<\/p>\n

Economic Data:<\/h2>\n