U.S. indices closed mixed on Tuesday. Shares in the Food & Staples Retailing (-2.92%), Telecommunication Services (-1%) and Energy (-0.7%) sectors pulled back while shares in the Technology Hardware & Equipment (+1.08%), Real Estate (+0.86%) and Media (+0.75%) sectors gained a bit of strength. On the economic data front, durable goods orders dropped 1.6% MoM in February (estimated -1.8%, +0.1% in January). The S&P 500 (2,867.24) stays above both its 20d moving average (2,811.60 – positive slope) and 50d moving average (2,764.16 – positive slope).
European markets are expected to start on a positive note.<\/p>\n\n\n\n
Foreign Exchange<\/strong><\/p>\n\n\n\n The US dollar was bullish against all of its major pairs on Tuesday with the exception of the GBP. On the economic data front, durable goods orders decreased by 1.6% in a preliminary estimate in February (estimated -1.8%) from an improvement of 0.1% a month earlier.
The Euro was bearish against all of its major pairs with the exception of the NZD, the AUD and the CAD. The UK PMI construction index rose to 49.7 in March (49.8 expected) from 49.5 a month earlier
The Australian dollar was lower against all of its major pairs except for the NZD.
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