EQUITIES
S&P 500 Index : $2,488.65, down -38.25 points or -1.51%
Dow Jones Industrial Average : $21,052.53, down -360.91 points or -1.69%
Nasdaq Composite Index : $7,373.08, down -114.23 points or -1.53%
All other exchanges were not excluded from recording losses, with London's FTSE 100 falls -1.18%, Germany's DAX down -0.47% and France's CAC 40 down -1.57%. Italy's closed -2.67% lower and pan-European Stoxx 600 index shed -0.97% closed Friday.
Asian markets are still finding their footing in early trade. Japan's Nikkei 225 up 1.90%, Hong Kong's Hang Seng recording 0.67%, Singapore’s 1.52%, South Korea’s KOSPI 2.01%, and Australia's S&P/ASX 200 gain 2.83%. Meanwhile, China's Shanghai Composite was down -0.60%, SENSEX -2.39%, and Malaysia’s KLSE -0.20%, and in early trading.
OIL
Oil prices closed high come weekend. Brent crude closed at $34.11 per barrel, gain more than $4, while WTI crude futures for May delivery rose more than $3, to $28.34 per barrel.
Currently, Brent is trading at $32.84 per barrel and WTI is trading at $26.64 per barrel and as of writing time (UTC+8).
CURRENCIES
The U.S. dollar closed 100.68 on Friday, compared with a basket of its major peers, and stand at 100.74 latest.
Dollar traded higher against other major currencies in early trade. Rose against MXN (1.84%), RUB (1.03%), NOK (0.46%), JPY (0.39%), SEK (0.32%), GBP (0.20%), and SGD (0.12%).
U.S. dollar also drops against some other currencies, including NZD (-0.12%), DKK (-0.06%), EUR (-0.05%), CHF (-0.05%), CAD (-0.03%), and AUD (-0.02) at latest reading.
GOLD
Gold currently trading at $1,617.30 per ounce, while stands around $1,645.90 per ounce for gold futures of writing time. Previously closed at 1,621.80 and 1,645.70 respectively.
Silver trading at $14.39, platinum trading at $728.00 and palladium trading at $2,099.00.
ECONOMIC OUTLOOK
The two-week spike in jobless claims suggests a coronavirus-fuelled recession will be deeper than initially thought and reveals several unforeseen weaknesses in the US economy that were already brewing before the crisis. U.S. Labor Department’s reported a new record of 10 million Americans filed for unemployment. Those 10 million claimants make up about half of the 25 million nonfarm payrolls created since February 2010.
Markets in Europe and Asia also showed a wide dispersion of results. Stocks in France, Spain, and Japan posted large declines. But others, including Switzerland and Australia made big gains. Australian shares logged their biggest one-day gain ever after the government unveiled a massive jobs-rescue plan. Meanwhile, Wall Street is still looking for light at end of tunnel.
To date, number of confirmed worldwide cases for COVID-19 pandemic has now reached more than 1,274,000 today affecting 208 countries and territories around the world, recording more than 70,000 fatality globally.
TECHNICAL OUTLOOK
[EURUSD]
The pair is still following previous analysis expectation. It’s still does not break the first support line and now is in uptrend. The pair is expected to keep climbing breaking current resistance to a new resistance of MA200 which is at $1.091.
