US Dollar surges due to the Fed

Source: Dukascopy Bank SA


At 17:00 GMT on Thursday, the head of the US Federal Reserve Jerome Powell started a speech. During the speech he revealed that the current US monetary stimulus would remain intact. However, as the markets appeared to expect additional stimulus, the value of the US Dollar surged.

It resulted in two large red hourly EUR/USD candles, which passed all support levels. By the middle of Friday's trading, the decline had reached below the 1.1920 mark, as the rate lost 1.06% or 128 pips.

In the meantime, all assets that are traded in US Dollars declined.
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Fri, 05 Mar 2021 09:13:27 GMT

NZD/USD two scenarios likely

During Thursday's trading session, the New Zealand Dollar declined by 96 pips or 1.32% against the US Dollar. The currency pair tested the weekly S1 at 0.7147 on Friday morning.

Fri, 05 Mar 2021 09:02:55 GMT

EUR/USD plummets due to the Fed

At 17:00 GMT on Thursday, the head of the US Federal Reserve Jerome Powell started a speech. During the speech he revealed that the current US monetary stimulus would remain intact. However, as the markets appeared to expect additional stimulus, the value of the US Dollar surged. It resulted in two large red hourly candles, which passed all support

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