EQUITIES
S&P 500 Index : $2,836.74, gain 38.94 points or 1.39%
Dow Jones Industrial Average : $23,775.27, gain 260.01 points or 1.11%
Nasdaq Composite Index : $8,634.52, gain 139.77 points or 1.65%
Inverse result was recorded for European exchanges, with London's FTSE 100 lose 1.28%, Germany's DAX down 1.69% with France's CAC lose 1.30%. Italy's closed 0.98% lower and pan-European Stoxx 600 index shed 1.10% closed Friday.
Asian markets is in green in early trade, with Japan's Nikkei 225 up 1.94%, Hong Kong's Hang Seng gain 1.71%, China's Shanghai Composite up 0.68%, Singapore’s gain 1.06%, South Korea’s KOSPI gain 1.25%, and Australia's S&P/ASX 200 gain 0.72% in early trading.
OIL
Brent crude futures ended the session higher on Thursday at $21.44 per barrel, a rise of 0.52%, while WTI crude futures gain 2.67%, at $16.94 per barrel.
Currently, Brent is trading at $21.17 per barrel and WTI is trading at $15.66 per barrel as of writing time (UTC+8).
CURRENCIES
The U.S. DXY stand at 100.16, compared with a basket of its major peers. Dollar rally against some of major currencies in early trade, including against RUB (0.29%), NOK (0.16%), SEK (0.16%), CHF (0.04%).
Dollar also depreciate against currencies including NZD (-0.76%), AUD (-0.67%), GBP (-0.25%), MXN (-0.24%), CAD (-0.23%), SGD (-0.18%), CNY (-0.12%), EUR (-0.06%), and DKK (-0.01%).
GOLD
Gold currently trading at $1,723.10 per ounce, while stands around $1,740.70 per ounce for gold futures as of writing time. Previously closed at 1,729.50 and 1,735.60, respectively.
Silver trading at $15.19, platinum trading at $763.00 and palladium trading at $1,914.00.
ECONOMIC OUTLOOK
Stocks in Asia Pacific rose in Monday morning trade.
White House senior adviser warned that the outlook for the U.S. economy hard hit by the coronavirus pandemic is a "really grave situation," and said that unemployment rates could reach levels seen during the Great Depression.
Next wave of U.S. states set to reopen as coronavirus could push jobless rate to 16%.
Orders for aircraft, cars and spare parts fell sharply in March, by more than 16.3 million, and consumers’ souring view on the economy suggested the decline in demand related to the coronavirus pandemic could deepen in the coming months.
To date, number of confirmed worldwide cases for COVID-19 pandemic has now reached more than 2,995,000 today affecting 210 countries and territories around the world and 2 international conveyances, recording more than 207,000 fatality globally.
TECHNICAL OUTLOOK
[CADJPY]
Long positions above support line of 38.20% (76.279) with targets at 76.508, with extension at 76.878.
Alternatively: Short at 76.094, 75.909, and 75.646.
Commentary/ Reason:
- Price supporting at 76.279 level. As long as the support 76.279 is not surpassed, the risk of the break below remains low.
- Bullish prevails as long as 76.279 is support.
- The MACD is above its signal line and positive. The configuration is positive.
- 50’s and 200’s Moving Averages is below pair’s price.
