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Dollar rebounds as global sentiment improves

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Friday, global market tensions eased. The move was first visible in the equity markets. However, gradually the risk-on sentiment also filtered through into commodity and the interest rate markets. Initially, the gains of the dollar were modest. The rebound accelerated after better than expected USD retail sales. EUR/USD closed the session at 1.1256 (from 1.1323 on Thursday) The gains in USD/JPY were even more substantial. USD/JPY closed the session at 113.25 (from 121.42). This morning, the

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