EQUITIES
S&P 500 Index : $2,878.48, gain 41.74 points or 1.47%
Dow Jones Industrial Average : $24,133.78, gain 358.51 points or 1.51%
Nasdaq Composite Index : $8,730.16, gain 95.64 points or 1.11%
European exchanges also recording gain, with London's FTSE 100 up 1.64%, Germany's DAX up 3.13% and France's CAC gain 2.55%. Italy's closed 3.09% higher and pan-European Stoxx 600 index gain 1.77% closed Monday.
Asian markets is mixed in early trade, with Japan's Nikkei 225 down 0.35%, Hong Kong's Hang Seng gain 0.23%, China's Shanghai Composite up 0.11%, Singapore’s lose 0.36%, South Korea’s KOSPI down 0.11%, and Australia's S&P/ASX 200 gain 0.02% in early trading.
OIL
Brent crude futures ended the session lower on Monday at $19.99 per barrel, a drop of 6.76%, while WTI crude futures gain 24.26%, at $12.78 per barrel.
Currently, Brent is trading at $19.21 per barrel and WTI is trading at $11.19 per barrel as of writing time (UTC+8).
CURRENCIES
The U.S. DXY stand at 100.11, compared with a basket of its major peers. Dollar rally against most of major currencies in early trade, including against NZD (0.73%), MXN (0.30%), AUD (0.25%), GBP (0.14%), SGD (0.14%), CAD (0.12%), JPY (0.08%), CHF (0.05%), RUB (0.04%),SEK (0.03%), EUR (0.02%), DKK (0.02%), and CNY (0.01%).
GOLD
Gold currently trading at $1,700.40 per ounce, while stands around $1,715.00 per ounce for gold futures as of writing time. Previously closed at 1,712.20 and 1,723.80, respectively.
Silver trading at $14.97, platinum trading at $756.00 and palladium trading at $1,894.00.
ECONOMIC OUTLOOK
Key Asian markets climbed in early Tuesday trade as investor optimism rode on the strong overnight close on Wall Street.
Oil prices slid more than 10% during overnight trading, extending Monday’s nearly 25% decline on ongoing fears that storage around the world is rapidly filling. WTI and Brent are both on pace for their fourth straight month of losses for the first time since 2017.
To date, number of confirmed worldwide cases for COVID-19 pandemic has now reached more than 3,065,000 today affecting 210 countries and territories around the world and 2 international conveyances, recording more than 212,000 fatality globally.
TECHNICAL OUTLOOK
[CADJPY]
Short positions below 133.411 with targets at 132.850, and extension at 131.944.
Alternatively: Long above 133.864.
Commentary/ Reason:
The price cannot continue its uptrend after some time.
Price reached a strong resistance zone and expected to unable to close above 133.864.
Bank of Japan (BOJ) increased their purchase of riskier assets, promising purchasing of unlimited bon. Shares reacted positively on the news, with Nikkei closed, 2.7% higher on average.
Stochastic and MACD indicators are losing momentum.
