The EUR/USD pair rallied a bit during the day on Friday, bouncing off the 1.05 level. The British pound fell during the day on Friday, but turned around to form a bit of a hammer.
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The WTI Crude Oil market bounced a bit during the day on Friday, as the 50-day exponential moving average has offered enough support to give the market afloat.
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The USD/JPY pair had a choppy session on Friday, as we approached the 115 handle. The Australian dollar fell a bit during the day on Friday. Get the forecasts here.
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The S&P 500 had a quiet session on Friday, as we continue to look bullish overall. The NASDAQ 100 fell during the day, but found enough support near the 5350 level to turn around and form a hammer.
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Gold ended the week down $22.99 at $1234.54, breaking a four-week winning streak, as an extreme shift in expectations of interest rate hikes weighed on the market.
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Get the USD/CAD Forex signal for March 6, 2017 here.
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Get the USD/CHF Forex signal for March 6, 2017 here.
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Get the GBP/USD Forex signal for March 6, 2017 here.
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Get the EUR/USD Forex signal for March 6, 2017 here.
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The EUR/USD pair fell hard during the day on Thursday, as a continues to test the 1.05 level for support. The British pound fell a bit during the day on Thursday as well, as we continue to fall in general.
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Oil markets fell significantly during the Thursday session, reaching down to the 50-day exponential moving average. Natural gas markets had a choppy day on Thursday, as the $2.75 level continues to be a bit of a magnet for price.
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The US dollar rallied against the Japanese yen during the day on Thursday, as it took off against almost everything.
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