BTC/USD: Weakly bearish

Gold markets have had a tough trading session on Friday, but at one point were rather bullish.

The British pound had a nice rally during the trading session on Friday but gave back a significant portion of the gains.

The Euro initially tried to rally during the trading session on Friday, reaching as high as 1.08 and above.

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.

The US Dollar is starting to edge lower from three-year highs after eye-popping news that the Fed unleased “extensive new measures,” but the USD remains supported by extremely high FX volatility.

After the Reserve Bank of New Zealand announced NZ$30 billion worth of domestic bond purchases, the NZD/CAD was able to complete a double breakout.

Following the initial UK response to Covid-19, regarded as laid back, the government of Prime Minister Boris Johnson kicked into gear.