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American equity markets open negative after Holiday weekend

FXstreet.com (Barcelona) - The US Stock gave back some of recent weeks gains Monday, following a very soft opening. In the United States, ISM Manufacturing PMI (March) came in at 51.3, missing expectations of 54.1 In addition, Construction Spending (MoM) grew by +1.2% in February, beating estimates of only +1.0%. Finally, ISM Prices Paid (March) recorded a figure of 54.5, relative to projections calling for 59.8.

Beginning with the indices and composites, the NASDAQ fell -0.40% as it settles in region of 3253.69, down -13.85 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1564.81, descending -4.28 points or -0.28% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14581.16, presently +0.02% after a movement of +2.62 points.

Sectors are all negative currently, however the Consumer Cyclical and Capital Goods have distinguished themselves as main losers thus far, declining -0.95% and -0.84% respectively. In other news, the price of crude has settled above USD $96.18/bbl Monday, trading off its session highs.

Forex: EUR/JPY trades around 120.00 on the US session

The EUR/JPY fell to as low as 119.50 on the European opening, counting almost with 1.00% in daily losses, but the cross was able to bounce back to the 120.00 handle, where it still quotes at.
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Forex Flash: USD/CAD selling on rallies through the upper 1.01 area – TD Securities

TD Securities analysts “still rather think the CAD can fight back a little more at least against the strengthening in the USD seen since the start of the year”, wrote analyst Shaun Osborne and Greg Moore, observing that short-term Canada-US spreads have steadied in the past week or so, and that the next round of top flight domestic data—Canadian trade and employment data are released Friday—may perhaps determine whether the CAD can improve much more from here. The USD/CAD is currently unable to really regain 1.0180 since losing that support point last week and trading below the 40-day MA. “We still think the market will be inclined to sell USD rallies through the upper 1.01 area for the moment and that a deeper retracement of this year’s USD rally—getting the USD back closer to 1.00 perhaps—beckons”, they added.
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