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 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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The S&P 500 fell slightly during the day on Thursday, but quite frankly after the run we’ve had it’s not a huge surprise.
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Gold markets fell initially on Wednesday, showing quite a bit of negativity.
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The EUR/USD pair fell during the day on Wednesday, testing the 1.05 level for support. The GBP/USD pair broke down during the day on Wednesday, slicing below the 1.24 level significantly.
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