{"id":98547,"date":"2016-11-21T06:43:25","date_gmt":"2016-11-21T11:43:25","guid":{"rendered":"http:\/\/countingpips.com\/?p=98547"},"modified":"2016-11-21T06:43:25","modified_gmt":"2016-11-21T11:43:25","slug":"morning-call-market-overview-for-21-11-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/morning-call-market-overview-for-21-11-2016\/","title":{"rendered":"Morning Call. Market Overview for 21.11.2016"},"content":{"rendered":"
November 21, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

The Big Picture<\/h2>\n

The die is cast; on Sunday German chancellor, Merkel announced that she would once again be the CDU candidate for the 2017 election. Merkel stressed that she did not reach this decision with ease and had given it a lot of thought. It is of great importance to her, that in these politically difficult times, with subject such as the refugee crisis, Brexit, the rise of populist tendencies and Donald Trump\u00b4s presidency, her experience will stand for stability. She will also try to stop a left leaning coalition for obtaining power. Her style of governing will not change; rather it will be business as usual. Germans 5 top economists are criticizing that Germany is to slow in making reforms in areas such as pensions in light of good economic conditions.<\/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 downward trend.<\/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 1200 USD<\/p>

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

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<\/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>

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<\/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>

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WTI Oil<\/h2>\n

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

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Overnight:<\/h2>\n

Trade in German equities was dominated by options expiry on Friday. The DAX traded on its daily lows toward index option expiry at 13:00, then trading an upward trend to 15:00. The DAX closes -0.20%. Largest gaining stock was ProSiebenSat.1 at + 2.67%. The utility provider RWE and E.ON were the day\u00b4s largest losers. Wall Street traded down after a quiet start. The S&P 500 lost 0.24%, the weakness coming from the tech sector. The Nasdaq lost 0.38%, solar stocks showing further weakness. First Solar dropped 6.26% to a new yearly low, having lost 50% of its value since March. The Nikkei 225 starts the new week at +0.68%. Gold and WTI Oil trade up and the USD is unchanged.<\/p>\n

Economic Data:<\/h2>\n