DAILY MARKET NEWSLETTER | April 3, 2024

Market Overview

• Stocks: US markets closed lower (Dow -0.60%, S&P 500 -0.20%, Nasdaq -0.94%).

• Bonds: 10-year Treasury yield rose slightly to 4.353%.

• Commodities: Oil prices gained (+1.86% to $85.27/barrel), gold surged to a new high ($2,279/ounce).

• Forex: US dollar weakened (Dollar Index at 104.79).

Key Market Movers

• Tesla (TSLA): -4.90% on lower quarterly deliveries.

• Nio (NIO): -2.16% after a downgrade by Barclays.

• PVH Corp (PVH): -22.22% on weak revenue forecast.

• Healthcare Sector: Significant declines in UNH, CVS, and HUM.

• Bitcoin: Volatile, dropping sharply before recovering to $65,460.

Economic News

• US factory orders increased 1.4% in February (above expectations).

Trading Central's Analysis

• GBP/USD: Intraday bullish trend above 1.2550 (targets: 1.2585, 1.2600).

• USD/JPY: Resistance at 151.80 (targets: 151.30, 151.15).

• EUR/USD: Upside trend continues (targets: 1.0780, 1.0800).

• Dow Jones: Potential resistance at 39600.00 (targets: 39315.00, 39190.00).

Important Notes:

• Markets are volatile – strategies and levels may shift quickly.

• Find further analysis at https://www.tradingcentral.com/

Disclaimer:This newsletter provides market information only, not investment advice.

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Disclaimer 

Taurex is the trading name of Zenfinex Global Limited, Stochastic Africa SL Ltd, and Zenfinex Global LLC. 

Zenfinex Global Limited is registered in the Republic of Seychelles with registration number: 8428731-1 and is regulated by the Financial Services Authority of Seychelles (license number SD092). Its registered office address is F20, 1st Floor, Eden Plaza, Eden Island, Seychelles. 

Stochastic Africa (SL) Limited, trading as Taurex, is a company registered in Sierra Leone with Company Number: SL270319STOCH05271 and is licensed by the Bank of Sierra Leone under license number BSL/SAL/2023 and with the registered office at 148D Wilkinson Road, Freetown, Sierra Leone. 

Zenfinex Global LLC is a company registered with the Financial Services Authority in Saint Vincent and the Grenadines under registered number 138 LLC 2019. Its registered office is Hinds Building, Kingstown, Saint Vincent, and the Grenadines. 

Risk Warning: Trading in financial instruments carries a high level of risk and may not be suitable for all investors. The value of your investments may fluctuate, and you may lose all of your invested capital, especially due to leverage. You should carefully consider your investment objectives, level of experience, and risk tolerance before deciding to trade in financial instruments that may be on margin. It is your responsibility to ensure that you fully understand the risks involved and seek independent advice if necessary. 

You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of Taurex or any of its affiliates, directors, officers, or employees. 

ZFN Europe Ltd is a company registered in Cyprus under registered number HE 411334. Its registered office is Naxou 1, First Floor, Flat/Office 103 Stovolos, 2043, Nicosia, Cyprus. It acts as a service provider to the group. 

Clients must be at least 18 years old to use Taurexs services.