{"id":98016,"date":"2016-11-11T08:26:19","date_gmt":"2016-11-11T13:26:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=98016"},"modified":"2016-11-11T08:26:19","modified_gmt":"2016-11-11T13:26:19","slug":"morning-call-market-overview-for-11-11-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/morning-call-market-overview-for-11-11-2016\/","title":{"rendered":"Morning Call. Market Overview for 11.11.2016"},"content":{"rendered":"
November 11, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

The Big Picture<\/h2>\n

Experts predicted a crash if Trump won, it did not happen. Instead, markets surged after initial weakness. Trump announced a program for economic stimulus and job creation. Investors like the sound of that. The Dow Jones index even managed to make a new all-time high. The up move was supported by financial stocks, which were the major winners in the Dow over the last two days. Investors hope that Trump will deregulate the banking sector. Hilary Clinton demanded the opposite. The tech sector saw a wave of selling in response to fears of Trump imposing trade barriers. This would hit tech companies hard. As such Apple, Amazon and Google counted amongst the biggest losers of the day<\/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 bottoming. Support is seen at 1247<\/p>

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WTI Oil<\/h2>\n

WTI Oil is bottoming<\/p>\n

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Overnight:<\/h2>\n

The German market was not able to defend its significant gains. The DAX rose over 1% in early trading, supported by good Siemens numbers. However, it lost 0.15% in to the close. The price action of largest gainer and losers showed how indecisive the market was. Vonovia lost 6.09% yet Deutsche Bank, supported by deregulation hopes, and rose 6.09%. The S&P rose 0.2% with banking stocks gaining the most. Wells Fargo gained over 7%. In contrast, the Nasdaq lost 1.62%. Amazon dropped 3.83%, Apple 2.78% and the Google holding company Alphabet 2.44%. Asian markets, excepting Japan, trend lower. The USD weakens, WTI Oil softens and Gold rises.<\/p>\n

Economic Data:<\/h2>\n