Today the currency market was trading in different directions.
USD/JPY has broken a number of correlations that were relevant in previous years
Oil quotes were being corrected this week and reached the level of 63.80 today, losing about 3.7%. WTI price was under pressure of the shale activity in the US and Canada, as well as the growth of US commercial oil reserves.
Yesterday the cryptocurrency market was under significant pressure, which led Ether to fall to the area of 1020.00 and its main competitor – below the level of 10000.00.
The pair has dropped down by more than 200 points since the middle of January, the trend has changed due to the closing of long positions at the peak and the growth in demand for the “cheap” dollar.
On the daily chart, the instrument is falling along the lower line of the Bollinger Bands. The price remains below its moving averages that are turning down. The RSI keeps falling, having entered the oversold zone. The Composite turned up, having failed its strong support.
Cisco management reported that the company would get the biggest profit from the foreign income repatriation within the new tax reformation. Money and liquid assets of Cisco are 70.5 billion USD, and around 95.8% are concentrated in the foreign accounts. Within the new tax regulations, the companies with foreign accounts…
The Dow Jones index has lost 0.67% over the past few days and is currently trading at 26152.0. The nearest resistance level is at 5/8 Murray or 26269.5.