The USD/JPY pair went back and forth during the day on Wednesday, as we continue to see volatility in the markets. The Australian dollar had a very bullish bounce off the 0.7550 level, after initially falling significantly.
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The WTI Crude Oil market tried to rally during the day on Wednesday, after a stronger than expected inventory number. The natural gas markets tried to rally during the day, but turned around to form a shooting star.
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Gold prices ended Wednesday’s session up $3.82 an ounce, snapping a four-day losing streak, as a retreat in the dollar sparked some short-side profit taking.
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Get the NZD/USD Forex signal for June 21, 2017 here.
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Get the USD/JPY Forex signal for June 21, 2017 here.
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The EUR/USD pair initially tried to rally, but then rolled over a bit during the day. The British pound fell during the day on Tuesday, testing the 1.26 handle.
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The S&P 500 fell slightly during the course of the session on Tuesday, as the 2450 level looks to be resistant. The NASDAQ 100 fell a bit during the day, as the 5750-level offered resistance.
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The WTI Crude Oil market breakdown during the day on Tuesday, as we continue to see significant amounts of various pressure. Natural gas markets did very little during the day on Tuesday, as we continue to see negative pressure overall.
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The US dollar tried to rally during the day on Tuesday but found enough resistance above to turn around to form a shooting star. The Australian dollar initially tried to rally during the day on Tuesday but found enough resistance at the 0.7625 level again to turn around to form a negative candle.
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Get the USD/CAD Forex signal for June 21, 2017 here.
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Get the GBP/USD Forex signal for June 21, 2017 here.
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Get the EUR/USD Forex signal for June 21, 2017 here.
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Gold prices inched higher on Wednesday, after hitting its lowest since May 17 in the previous session, as Asian stocks fell.
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