EQUITIES
S&P 500 Index : $2,761.63, down -28.19 points or -1.01%
Dow Jones Industrial Average : $23,390.77, down -328.60 points or -1.39%
Nasdaq Composite Index : $8,192.42, gain 38.85 points or 0.48%
Europe exchanges remain closed for Easter Monday.
Asian stocks traded mostly lower in thin holiday trade, with markets in Hong Kong, Australia and New Zealand closed for a public holiday. While in other early trading, Japan's Nikkei 225 gains 0.60%, South Korea’s KOSPI gains 0.86%, Australia's S&P/ASX 200 loss -0.40%. Shanghai Composite closed -0.49 lower%, SENSEX loss -1.51%, and Singapore’s shed -0.16% closed Monday.
OIL
Brent crude futures ended the session higher on Monday at $31.74 per barrel, an increase of 0.83%, while WTI crude futures lose 1.54%, to $22.41 per barrel.
Currently, Brent is trading at $32.26 per barrel and WTI is trading at $22.86 per barrel as of writing time (UTC+8).
CURRENCIES
The U.S. dollar was roughly flat on Monday morning, with trading volumes thin due to a holiday in Europe. The dollar index, which measures the greenback against a basket of six rival currencies, was down -0.08%, to stand at 99.41, previously closed at 99.49. Against the euro, the dollar was -0.09% weaker at $0.9153
Except appreciation against Mexican Peso MXN at 0.10%, dollar retreated against other currencies. Including RUB (-1.0%), NOK (-0.28%), AUD (-0.20%), CHF (-0.17%), NZD (-0.15%), JPY (-0.13%), EUR (-0.09%), DKK (-0.09%), SEK (-0.07%), CAD (-0.06%), SGD (-0.04%), and GBP (-0.03%).
GOLD
Gold currently trading at $1,714.60 per ounce, while stands around $1,769.90 per ounce for gold futures as of writing time. Previously closed at 1,712.90 and 1,769.42, respectively.
Silver trading at $15.38, platinum trading at $750.00 and palladium trading at $2,124.00.
ECONOMIC OUTLOOK
Record oil output cuts fail to make waves in coronavirus-hit market. Oil producers have a mountain to climb if they are to restore market balance.
IMF would provide immediate debt relief to 25 member countries under its Catastrophe Containment and Relief Trust. Countries that will receive debt service relief are Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, the Democratic Republic of Congo, Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Solomon Islands, Tajikistan, Togo and Yemen.
Stocks in Asia edged higher in morning trade today. Investors await the release of Chinese trade data for March, expected to be out on Tuesday morning. It will be watched by investors as the country returns to business following its lockdown.
Seven Northeastern U.S. states and three on the West Coast formed regional pacts on Monday aimed at coordinating a gradual reopening of their economies. President Trump says plan to re-open shuttered U.S. economy is to be completed soon.
Iranian President Hassan Rouhani said U.S. sanctions against Iran and Venezuela is unjust, thus called for the two countries to cooperate within the OPEC+ group.
Reported COVID-19 cases around the world surpassed two million on Monday, infected more than 2,020,000 people around the world and killed at least 120,000 people.
TECHNICAL OUTLOOK
[EURUSD]
Chart is showing pattern same as before. Might be presenting a Buy Zone.
Waiting for an accurate entry point near the Support/Resistance Zone.
