Wall Street finished in the green as battered Bank and Energy shares led a rebound at the end of a turbulent week. The Dow Jones rose by 0.65%, S&P 500 by 0.71% and NASDAQ added 0.87% to its value. The US Dollar traded higher against most major currencies as Friday’s upbeat US Retail Sales data continued to support. Today, Empire State Manufacturing Index is expected at -10.5 vs. -19.4 previously. Gold dropped, to close at $1,208 an ounce. Crude Oil rose, to close at $29.70 a barrel.
The Euro finished lower versus the US Dollar as ECB is ready to ease policy further in March, as ECB President Draghi said on Monday. On the 1-hour chart, the pair is holding below the bearish trend line with a negative RSI indicator below 50. Maintaining these conditions could continue the descending trend towards 1.1050. Crossing above the line may lead the pair towards 1.1250 level. The Pound finished lower versus the dollar as positive US Retail Sales continued to support the greenback. On the 4-hour chart, the pair is holding below the 50-day Moving Average. Holding this condition should continue the negative trend towards 1.43. Breaching the line may lead to a strong rise back towards higher level around 1.46.