Daily Market Analysis – 06.11.2017 – Investing.com

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A very strong week: how high can the markets climb?

France’s CAC40 hovered at unchanged levels throughout the day on Friday before ending the session up 0.15% at a daily high of 5.518, ending another week on a postivie note. Germany’s DAX rose 0.3% to hit 13.480 after a difficult session.

Markets showed no reaction to data on Friday showing that the U.S. economy added 261.000 jobs last month, compared to expectations for an increase of 300.000 and after 33.000 jobs were cut in September. The data revealed how sluggish the U.S. economy is, as only 105.000 jobs were reclaimed in the hotel and restauration sectors after the recent series of hurricanes that hit the Gulf Coast. Elsewhere, 40.000 jobs were added in the education and health sectors (hospitals and schools reopened in Florida) and 50.000 in the corporate services field.

Average hourly earnings were unchanged in October, as was the participation rate, still abnormally low at 62,7%.

The New York Stock exchange edged moderately higher on Friday, supported by Apple (NASDAQ:), the world’s largest company in terms of market capitalisation, whose gains helped counter investors’ mixed reaction to the monthly U.S. jobs report.

The Jones added 0.1% or 22.93 points to close at 23,539.19 on Friday. The S&P-500 index gained 7.99 points or 0.31% to hit 2,587.84, while the advanced by 49.49 points or 0.74% to end the session at 6,764.44.

On a weekly basis, the le Dow Jones climbed 0.5% and the rose 0.3%, both claiming their eighth consecutive weekly gain. As for the Nasdaq Composite, it ended the week up 0.9%, rising for the sixth week in a row.

Indices Closing Prices

: +0.15%
DAX: +0.28%
DOW JONES: +0.10%
NASDAQ: +0.74%
NIKKEI 225: +0.53%

Economic Calendar

Technical Analyses

Gold

According to above graph: point pivot : 1271.5

  • Option 1 : above P.P, possible rise to 1277.5, then 1285
  • Option 2 : under P.P, possible decline to 1263.5, then 1257.5

Oil

According to above graph:point pivot : 55.30

  • Option 1 : above P.P, possible rise to 56, then 56.60
  • Option 2: under P.P, possible decline to 54.80, then 54

According to above graph:point pivot :1.1632

  • Option 1 : above P.P, possible rise to 1.1666, then 1.1723
  • Option 2 : below P.P, possible decline to 1.1575, then 1.1541

Bitcoin/USD

According to above graph: point pivot :7383.5

  • Option 1 : above P.P, possible rise to 7488, then 7561.5
  • Option 2 : below P.P, possible decline to 7310, then 7205.5

S&P 500 (USA 500)

According to above graph:point pivot :2580

  • Option 1 : above P.P, possible rise to 2587, then 2592
  • Option 2 : below P.P, possible decline to 2575, then 2568

According to above graph:point pivot :13464

  • Option 1 : above P.P, possible rise to 13505, then 13541
  • Option 2 : below P.P, possible decline to 13428, then 13387

Cac 40

According to above graph:point pivot :5506

    • Option 1 : above P.P, possible rise to 5529.5, then 5541
    • Option 2 : below P.P, possible decline to 5494.5, then 5471

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