The S&P spiked lower and the US dollar weakened as a result

Market Review Yesterday’s activity was a bank holiday across Europe and so the US markets displayed low volumes. The main event was the release of the US ISM Manufacturing data for March which showed a surprisingly low 51.3 Vs the expected 54.0. The S&P spiked lower and the US dollar weakened as a result but the risk-off move was particularly short lived for the S&P and Crude as these markets stabilised and indeed crude went on to reclaim the $97 handle. The EURUSD broke above Friday’s

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The S&P spiked lower and the US dollar weakened as a result