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Market Update 24/03

jeffriess
March 24, 2020
by Joseph Jeffriess, Market Analyst

Video market update 24th of March

U.S stimulus bill remains in the senate. Fed talks up limitless asset purchases to help stabilize the financial markets. Thousands of Australians now unemployed or facing unemployment.

ASX200 jumps 3.33% in today’s trade as Nikkei continues higher after yesterday’s rally. Risk currencies gain to USD, EURUSD +97 pips.

JPY mainly lower, making gains to USD as traders take profits. U.S futures continue higher out of hours, the Dow +2.41%. Gold 1.57% higher after yesterday’s surge. Oil eyeing a new test of $25? I still find it amazing to type oil eyeing $25 when just 3-weeks ago it was around the $40 point!

Tonight we have EU and UK PMI data coming out from 7:15 pm AEDT.

Good trading from Eightcap.
All times are AEDT.