Dear Trader,
Please find our updated Trading schedule as Australia will end Daylight Savings Time on Sunday, 5th April, 2020.
The US dollar index is on track to net a solid start to Q2, though is currently trading off best levels ahead of 100.00 in wake of the final Markit manufacturing PMI for March and ISM surveys.
The US dollar index failed to glean much impetus from better-than-expected Chicago PMI or US consumer confidence (dropped to 120 in March from 132.6 in February despite stronger-than-expected reading) measures Tuesday, after topping a shade under the 100.00 handle.
Key risk events today: China Manufacturing PMI; China Non-Manufacturing PMI; UK Current Account; Canada GDP m/m; Chicago PMI; US CB Consumer Confidence. (Previous analysis as well as outside sources – italics). EUR/USD: Monday had the US dollar index put in a stronger-than-expected recovery, firming north of 99.00 and reclaiming a large portion of Friday’s losses. … Continue reading Tuesday 31st March: Technical Outlook and Review
Major US benchmarks slumped Friday, snapping a three-day bullish phase as investors’ focus remains on the economic fallout from the coronavirus pandemic. The Dow Jones Industrial Average declined 915.39 points, or 4.06%; the S&P 500 also erased 88.60 points, or 3.3%, and the tech-heavy Nasdaq 100 concluded lower by 308.75 points, or 3.91%.
