Dollar retreats from highs ahead of Yellen's testimony
Asian equity markets mostly rallied with risk appetite spurred as trade picked up from Monday’s holiday.
GOLD and SILVER Lose Strength
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver stands above the 23.6% retracement area. Indecision still exists.
US Market View
Wall Street's main indexes were on track to open higher on Friday, after a pullback in the previous session, with Oracle's solid quarterly results underscoring the resilience of tech-related companies during the coronavirus crisis. Still, many investors view the slump as a healthy consolidation after a stunning five-month rally in the S&P 500 that was powered by a narrow group of heavyweight tech names and scores of fiscal and monetary stimulus.
US Key Point
- USD/CAD turns higher as oil falls back below $37
- Inflation data tops the economic calendar as US winds down a wild week
- China reportedly takes unspecified countermeasures against US diplomats
Michael Eliades
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Dollar retreats from highs ahead of Yellen's testimony
Asian equity markets mostly rallied with risk appetite spurred as trade picked up from Monday’s holiday.
USD/JPY: bouncing downwards
Look at the H1 chart for USD/JPY - is it not a perfect example of a reversal in the resistance zone?
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