Market Wrap Up

March 16, 2017 04:43 PM

The U.S.-based indices closed mixed this afternoon. Asian stocks closed higher in the overnight session as equities in Europe closed higher this morning.

After briefly touching the 21000 mark on the DJIA, the index markets retraced to the 20900 level. Technical traders are looking to volume for definitive and confirmation moves of new technical highs.

On the heels of the most recent FOMC meeting, currency traders are monitoring the most recent USD volatility as it hovers near the 100 handle. 

Strength returned to the British pound/U.S. dollar (GBP/USD) currency pair and the Euro/U.S. dollar (EUR/USD) currency pair as European countries prepare for elections later in the calendar year.

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