U.S. indices closed lower on Tuesday, pressured by shares in the Capital Goods (-1.61%), Telecommunication Services (-1.59%) and Energy (-1.28%) sectors. On the economic data front, the NFIB small business optimism index rose to 101.8 in March (estimated 102.0) from 101.7 in February. The S&P 500 (2,878.20) stays above both its 20d moving average (2,840.66 – positive slope) and 50d moving average (2,788.10 – positive slope).
European markets are expected to start on a flat 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 except for the JPY. On the economic data front, the NFIB small business optimism index slightly improved to 101.8 in March (estimated 102) from 101.7 in February.
The Euro was bullish against all of its major pairs except for the JPY. There was no major economic data released in Europe.
The Australian dollar was mixed against its major pairs.<\/p>\n\n\n\n