Powell Warns On Virus But Says Economy In A Good Place [Video]

Anthony Cheung Amplify

- Review of Powell testimony and what to expect today in the Senate (00:00).

- NZD jumps overnight following RBNZ decision and comments (2:57).

- Oil rises overnight despite bearish API's as China's Hubei reports lowest number of Coronavirus cases this month (4:10).

- Bernie Sanders wins New Hampshire with Buttigieg second (6:50).

- Sam North provides a technical review of the charts (9:00).

Author

Anthony Cheung

Amplify

Anthony has spent over a decade working at the forefront of financial news.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.