Wall Street finished in the green on Friday as battered Bank and Energy shares led rebound at the end of a turbulent week. The Dow Jones rose by 2.00%, S&P 500 by 1.95% and NASDAQ added 1.66% to its value. The US Dollar traded higher against most major currencies on Friday after the US Retail Sales figures for January which supported the view that Federal Reserve is likely to stay on a tight path as other world Central banks ease Monetary policy. Gold fell slightly, to close at $1,237 an ounce. Crude Oil rose, to close at $28.93 a barrel.
The Euro finished lower versus the dollar on Friday as currency traders continued to assess the risks associated with negative Interest rate policies taken up by the European central banks. On the 1-hour chart, the pair is holding below the 100-day Moving average. Breaching the line should take the pair back to higher level towards 1.1350 and a failure may continue the negative trend towards 1.1150 level. The Pound finished slightly higher versus the dollar as investors remained cautious amid persistent global turmoil and ahead of release of US data later in the day. On the 4-hour chart, the pair is trading in a symmetrical triangle pattern. Breaching the upper side of the triangle may lift the pair towards 1.4650 and crossing the lower side may push it down towards 1.44 level.