{"id":98116,"date":"2016-11-15T07:56:48","date_gmt":"2016-11-15T12:56:48","guid":{"rendered":"http:\/\/countingpips.com\/?p=98116"},"modified":"2016-11-15T07:56:48","modified_gmt":"2016-11-15T12:56:48","slug":"morning-call-market-overview-for-15-11-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/morning-call-market-overview-for-15-11-2016\/","title":{"rendered":"Morning Call. Market Overview for 15.11.2016"},"content":{"rendered":"
November 15, 2016<\/div>
\r\n<\/div><\/div>

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

The Big Picture<\/h2>\n

Industrial commodities are trending up. Copper has risen 20% since October the 25th. Raw materials turned positive at the beginning of the year. Aluminum, tin and zinc started rising in January. Zinc has risen 62%, tin 43% and aluminum 15%. Lead and nickel joined the trend this summer. Industrial commodities are signaling that economic growth lies ahead. Indicators for economic sentiment in the world\u00b4s largest economies are also signaling economic optimism. As such, the Chinese producer PMI has risen from its February lows of 49 to 51.2. The US producer ISM has risen from its December 2015 lows of 48 to 51.2. Even the German IFO Index has shown the improvement of the German economy, rising from 100 in August to 106.<\/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 downward trend.<\/p>\n

\"\"<\/p>\n

USD \/ JPY<\/h2>\n

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

\"\"<\/p>\n

Gold<\/h2>\n

Gold is in a downward 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 bottoming<\/p>\n

\"\"<\/p>\n

Overnight:<\/h2>\n

The German stock market could not hold on to its opening gains. Shortly after the open, the DAX traded at 10800, only to lose 100 points, to close up 0.24%. Technical resistance remains in place at 10800. Financial stocks were again the best performers. Commerzbank rose 6.64% and Deutsche Bank improved by 3.76%. On the negative side, RWE lost 3.45% after announcing weaker quarterly numbers disappointed investors. Stock rotation continues to be the main topic. Financial stocks and Caterpillar are being bought and tech stocks such as Apple, Amazon, Facebook and Google are being sold. The Nasdaq 100 lost 1.05% whilst the Dow Jones rises 0.11%. Asian markets are trading unchanged this morning. The USD sees profit taking and trades lower. Gold is positive and WTI Oil gains 1.87%.<\/p>\n

Economic Data:<\/h2>\n