Markets ended flat in a lacklustre session as investors take a step back following the rally yesterday after the Fed Chairman Ben Bernanke stated that they might continue its easy monetary policy.
The Dow Index dipped 43.90 points to finish the session at 13. The index is still on track to log its sixth-consecutive month of gains. The S&P 500 dropped 3.99 points to finish at 1,412.
On an economic front the US Conference Board released numbers that showed that consumer confidence declined in March to 70.2.
The Australian dollar fell against all of its major trading counterparts as commodities and stocks trade lower. The AUDUSD (see above chart) traded down from highs of 1.0577 to recent lows of 1.0453.
Gold declined from a two week high overnight as the dollars as the USD rebound eroded demand for the metal as an alternative investment. Gold traded down from highs of 1697 to recent lows of 1680.
The Volatility Index which is widely considered the best gauge of fear in the market has finished the session at up just under 10 percent at 15.59.
This morning all eyes will be on the US Fed Chairman Ben Bernanke TV interview at 9.30am AEST.
INDICES
Last Traded
SPI 200 future 4307
S&P500 Index 1412
Dow Jones 13197
FTSE 100 Index 5869
COMMODITIES
Last Traded
Gold 1680
Oil (Nymex) 106.78
CURRENCIES
Last Traded
AUDUSD 1.0456
EURUSD 1.3319
GBPUSD 1.5950
USDJPY 83.15
Source
Bloomberg, Dow Jones News
http://www.vantagefx.com/market-news/market-wrap/