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<p>US ISM Non-Manufacturing Composite dropped to 52.5 in March, down from 57.3, but beat expectation of 48.0 and stayed in expansionary region. Looking at some details, business activity/production dropped -0.8 to 48.0. New orders dropped -10.2 to 52.9. Employment dropped -8.6 to 47.0. Similar to ISM manufacturing, supplier deliveries jumped

S&amp;P index looks to test its 100 hour moving average at 2471.27 Stay below the 100 hour moving average and we could see further downside momentum. The low for the week traded at 2447.49 on April 1

Big fall&nbsp;in rig counts from Baker Hughes Baker Hughes is out with their weekly rig count changes: The oil rigs are at the lowest level since January 2017.

Total deaths 5443 versus 4513 yesterday CDC* has&nbsp;reported their daily numbers The numbers of&nbsp;cases and deaths vary from source to source.&nbsp; There is another site from that shows 259,750 cases and 6603 deaths.

Breaking news Russia had been holding off on confirming attendance, perhaps waiting for some kind of US assurances or actions. Comments from Russia suggest they wont' cut alone. Novak said Russia, Saudi Arabia and the US should contribute.

Death rise but new infections slowing Italy performed nearly 40,000 tests yesterday and had around 4500 cases. That's good news and suggests the social distancing measures are working well.

Swing area at 0.5973 to&nbsp;0.5989 The AUDUSD is&nbsp;testing a key swing area today in the&nbsp;0.59739 to&nbsp;0.5980.&nbsp; The low&nbsp;price today reached 0.59793. Looking at the hourly chart, that yellow area has been a good dividing line for bulls and bears. Trade above and the price tends to move higher. Move below

The S&amp;P 500 is at the lows of the day The 38.2% retracement held at the start of the week and that's the dominant feature on the chart. As for support, the weekly low of 2447 is about 1% away and will be the spot to watch if declines accelerate.

It's an amalgamation of many PMIs The US number held but today but that's an illusion for the moment. Globally there are some incredible drops but the April numbers are going to be downright dire.