The WTI Crude Oil market initially tried to rally during the day on Thursday, but as we approached the psychologically important $50 level, the market broke down significantly.
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Gold is modestly higher in U.S. trading Thursday. XAU/USD climbed back above the $1264 level earlier in the day
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The EUR/USD pair rallied during the day on Wednesday, as we broke towards the 1.19 level. Alternately, I believe that the British pound isn’t nearly as overbought as the EUR/USD pair is.
The US dollar initially tried to rally during the day on Wednesday, but found enough resistance near the 111 level to turn things around.
The S&P 500 fell significantly during the day on Wednesday again, but just as a we keep seeing, algorithmic traders are jumping into the market and picking up with a perceived as a move beyond standard deviation.
The WTI Crude Oil market rallied a bit during the day on Wednesday as the inventory number was a bit mixed.
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Gold prices fell $2.33 an ounce on Wednesday, moving away from a six-week high struck the previous day.
Gold prices are slightly higher in U.S. trading Wednesday, following the disappointing ADP jobs report.