EQUITIES
S&P 500 Index : $2,863.39, down -15.09 points or -0.52%
Dow Jones Industrial Average : $24,101.55, down -32.23 points or -0.13%
Nasdaq Composite Index : $8,607.73, down -122.43 points or -1.40%
Inverse result was recorded for European exchanges, with London's FTSE 100 up 1.91%, Germany's DAX up 1.27% and France's CAC gain 1.43%. Italy's closed 1.71% higher and pan-European Stoxx 600 index gain 1.68% closed Tuesday.
Asian markets is mixed in early trade, with Japan's Nikkei 225 down -0.06%, Hong Kong's Hang Seng gain 1.22%, China's Shanghai Composite lose -0.19%, Singapore’s gain 0.53%, South Korea’s KOSPI gain 0.07%, and Australia's S&P/ASX 200 gain 0.20% in early trading.
OIL
Brent crude futures ended the session higher on Tuesday at $20.46 per barrel, a rise of 2.35%, while WTI crude futures drop -3.44%, at $12.34 per barrel.
Currently, Brent is trading at $20.78 per barrel and WTI is trading at $13.34 per barrel as of writing time (UTC+8).
CURRENCIES
The U.S. DXY stand at 99.82, lower than yesterday index, compared with a basket of its major peers. Dollar most recently depreciated against major currencies in early trade, including against NZD (-0.49%), RUB (-0.47%),AUD (-0.23%), CHF (-0.16%), CAD (-0.16%), DKK (-0.14%), EUR (-0.13%), JPY (-0.13%), GBP (-0.11%), SEK (-0.07%), and SGD (-0.04%).
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
Stocks in Asia Pacific rose in morning trade as investors await the U.S. Federal Reserve’s decision on interest rates, expected later.
President Trump suggested that more federal bailout money for states and municipalities struggling through the coronavirus crisis could be tied to their sanctuary city policies, and that such bailouts would be “unfair” to those states that have managed their budgets well.
The US coronavirus death toll surpasses American deaths from the Vietnam War. 58,220 American soldiers died in the Vietnam conflict, which began in 1955 and ended in 1975. Meanwhile, COVID-19 has killed 59,266 people so far in the U.S.
To date, number of confirmed worldwide cases for COVID-19 pandemic has now reached more than 3,138,000 today affecting 210 countries and territories around the world and 2 international conveyances, recording more than 218,000 fatality globally.
TECHNICAL OUTLOOK
[EURUSD]
Our Preference:
- Long positions above support line of Fibonacci retracement of 23.60% (1.0849) with targets at 1.0887.
- Alternatively: Stop-loss at 1.0819.
Commentary/ Reason:
- Price supporting at 1.0825 level. As long as the support line 1.0825 is not surpassed, the risk of the break below remains low.
- Bullish prevails as long as 1.0825 is support.
- Stochastic and MACD indicators is mixed to bullish.
- The pair is trading above both its 200 and 50 Moving Averages.
