Friday, 13 March 2020

Dow, S&P Bounce from Key Supports: Can Buyers Hold the Bid?

Both the Dow and S&P ran into key areas of confluent support overnight, and already a robust rally has shown. But is this short-cover ahead of the weekend or the start of a new theme?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...