The US dollar initially fell during the trading session on Friday but found enough support underneath the turn things around and show signs of life.

Bitcoin initially surged during the opening hours on Friday, but as I had been talking about previously, the first major resistance barrier was going to be at the $7000 level.

USD/JPY: Dollar stronger safe haven than Yen

AUD/USD: Zone near 0.5950 will be key

The S&P 500 has had a rough trading session on Friday but that shouldn’t be a huge surprise considering that the session was also the “quadruple witching Friday

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The Australian dollar initially tried to rally during the trading session on Friday but found a lot of resistance near the 0.60 level as one would expect.

According to the latest COT report, investors have flipped to net short in the US Dollar for the first time since June 2018.

Federal Reserve announce that they will purchase Treasuries and MBS in amounts needed. US Equities jump, while USD drops.

Central banks around the globe continue to throw unprecedented sums of money to try and shore up their economies against the ravages of the coronavirus.