The Euro rallied significantly during the trading session on Wednesday, reaching towards the top of the candlestick from the previous session, and at this point it looks like we are going to continue to see a lot of noise.
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AUD/USD: Trading above big round number of 0.6500
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USD/JPY: USD is weak across the board
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BTC/USD: Bitcoin makes 2-month high price
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The British pound has struggled to break above the 1.25 level again during the trading session on Wednesday, even as Federal Reserve Chairman Jerome Powell suggested that the Federal Reserve was willing to liquefy markets forever.
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The Australian dollar has rallied significantly during the trading session on Wednesday, slicing through the 0.65 level like it was not even there.
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The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Wednesday and did keep quite a bit of the gains as we closed up 24%.
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The US dollar got crushed during the trading session on Wednesday, breaking through the 76 Rupee level as the Federal Reserve has reiterated their desire to stimulate the economy until employment is back to where it once was essentially.
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The silver markets initially pulled back during the trading session on Wednesday but found enough buyers to turn things around and reach towards the top of the previous candlesticks from the week.
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The markets continue to find buyers in general as we have reached towards the $1700 level only to find quite a bit of buying pressure to form a massive hammer.
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Yesterday’s first-quarter GDP data out of the US showed a steeper contraction together with a rise in inflation, representing the most unfavorable combination for the US Federal Reserve to address.
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UK Prime Minister Boris Johnson urges patience when it comes to easing lockdown restrictions.
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GBP/USD: Bulls so far unable to break big round number at 1.2500
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EUR/USD: Pivotal Point @1.0814
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Eurozone sentiment data was reported below already depressed expectations, presenting the latest sign the economy is in significantly worse shape than forecast.
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