US indices closed higher on Monday, lifted by shares in the Energy (+1.39%), Retailing (+1.36%) and Banks (+1.31%) sectors. On the economic data front, the NAHB housing market index remained unchanged at 62 in March (estimated 63).
The S&P 500 (2,832.94) stays above both its 20d moving average (2,789.91 – positive slope) and 50d moving average (2,712.78 – positive slope).
European markets are expected to open on a flat note.<\/p>\n\n\n\n
Foreign Exchange<\/strong><\/p>\n\n\n\n The US dollar was bearish against all of its major pairs on Monday with the exception of the CAD and the GBP. On the economic data front, the NAHB housing market index remained unchanged at 62 in March (estimated 63).
The Euro was bullish against all of its major pairs except for the AUD. The euro zone trade balance excess widened to E17B in January (E15B expected) from E16B a month earlier. According to Rightmove, UK house prices increased by 0.4% in March after a 0.7% rise in February.
The Australian dollar was higher against all of its major pairs.
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