Wall Street finished in the green on Friday as investors shrugged off US political turmoil and piled back into equities amid dovish comments from St. Louis Federal Reserve president James Bullard. The Dow Jones rose by 0.69% and the NASDAQ added 0.47% to its value. The US dollar traded lower against the other major currencies on Friday, as political turbulence around the Trump administration continued to dominate market sentiment. Today, the FOMC Member Harker is due to speak. Low volatility is expected. Gold rose, closing at $1,254 an ounce. Crude Oil rose, closing at $50.33 a barrel.
The euro rose by 0.95% versus the dollar, closing at 1.1206. On the daily chart, the pair has successfully breached the bearish trendline and with a positive ADX indicator above 20, it is expected to continue rising towards 1.13. However, dropping back below the line could start a strong reversal back towards 1.08. The pound rose by 0.73% versus the dollar to close at 1.3034. On the 4-hour chart, the pair is trading in an ascending channel. Crossing the upper band may lift the pair towards 1.31, while breaking below the lower band may start a reversal towards 1.28.