The US Dollar recovers losses against all majors.
Yellen’s verdict was unfavorable for the US Dollar.
With the CHN, we have approached the descending channel.
The long-awaited discussion on the Oil market will be resumed on April 17 in Doha.
The GBP declined by 0.94% against the US Dollar.
With WTI we have breached the shoulder and the double bottom lines, as well as the daily descending channel.
It’s clear that the US Dollar gains strength against all majors well ahead of the Fed Rate decision on March 16.
Check out the main events that will shape the market in the upcoming week.
OPEC reduced output by 90 000 barrels daily in February.
European stocks pick up, as investing costs became cheaper with the new ECB policy.
EUR/USD declines ahead of the ECB release.
Gold has bounced from the previously broken symmetrical triangle, which doubles as a pennent this week.
European indices are trading in the green today, supported by oil and commodity shares.
After rising by 6% on Monday, both Brent and WTI retreated.
Most traders claim to have a very long term memory and would remember their first trade, their largest winning trade and their largest losing trade.