March 14, 2024 DAILY MARKET NEWSLETTER：

DAILY MARKET NEWSLETTER

March 14, 2024

MARKET WRAP

STOCKS, BONDS, COMMODITIES

On Wednesday, major U.S. stock indexes closed mixed. The Dow Jones Industrial Average gained 37 points (+0.10%) to 39,043, while the S&P 500 retreated 9 points (-0.19%) to 5,165, and the Nasdaq 100 fell 150 points (-0.83%) to 18,068.

The U.S. 10-year Treasury yield climbed a further 3.5 basis points to 4.190%.

Key Sector Performances:

• Energy, basic materials, and consumer staples outperformed.

• Real estate, technology, and healthcare sectors were under pressure.

Notable Stock Movements:

• Tesla (TSLA) slid 4.54%.

• Apple (AAPL) fell 1.21%, Meta Platforms (META) down 0.84%.

• Nvidia (NVDA) dropped 1.12%.

• Intel (INTC) fell 4.44%.

• Dollar Tree (DLTR) plunged 14.21%.

• Microstrategy (MSTR) surged 10.85% to a record close.

European Markets:

• DAX 40 dipped 0.02%.

• CAC 40 rose 0.62%.

• FTSE 100 was up 0.31%.

Commodities:

• U.S. WTI crude-oil futures gained $2.04 (+2.63%) to $79.60 a barrel.

• Gold price climbed $17 to $2,174 an ounce.

MARKET WRAP: FOREX

Currency Performance:

• U.S. dollar index slipped to 102.82.

• EUR/USD rose 22 pips to 1.0946.

• USD/JPY gained 10 pips to 147.75.

• GBP/USD added 6 pips to 1.2796.

• AUD/USD traded 16 pips higher to 0.6621.

• USD/CHF climbed 14 pips to 0.8786, while USD/CAD declined 20 pips to 1.3468.

Bitcoin Performance:

• Bitcoin hit a fresh all-time high of $73,709.

MARKET ANALYSIS

GBP/USD Intraday:

Pivot:1.2780

Preference:Long positions above 1.2780 with targets at 1.2810 & 1.2825.

Alternative scenario:Below 1.2780 look for further downside with 1.2765 & 1.2745 as targets.

USD/JPY Intraday:

Pivot:147.45

Preference:Long positions above 147.45 with targets at 148.15 & 148.40.

Alternative scenario:Below 147.45 look for further downside with 147.20 & 146.90 as targets.

EUR/USD Intraday:

Pivot:1.0930

Preference:Long positions above 1.0930 with targets at 1.0965 & 1.0980.

• Alternative scenario:Below 1.0930 look for further downside with 1.0915 & 1.0900 as targets.

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Dow Jones (CME) Intraday:

Pivot:39400.00

Preference:Long positions above 39400.00 with targets at 39660.00 & 39780.00.

Alternative scenario:Below 39400.00 look for further downside with 39300.00 & 39190.00 as targets.

Please note that due to market volatility, some key levels may have already been reached, and scenarios played out.