The US dollar fluctuated against the Canadian dollar during the trading session on Wednesday, which in and of itself would probably not be noteworthy except for the fact that the crude oil markets broke out.
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The West Texas Intermediate Crude Oil market broke above the significant $55 level during the trading session on Wednesday, showing signs of continued bullishness.
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The NASDAQ 100 hit the all-time high again during the trading session on Wednesday but gave back the gains to drift lower by the end of the day.
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Gold markets did very little during the trading session on Wednesday, which is a good thing, considering just how negative the Tuesday session was.
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The Australian dollar did very little during the trading session on Wednesday as we continue to hang around the 0.76 level.
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Bitcoin rallied again during the trading session on Wednesday, as it looks like we are going to threaten that huge wick from three sessions ago.
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The euro fell initially during the trading session on Wednesday to reach down towards the psychologically important 1.20 level.
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The British pound pulled back ever so slightly against the US dollar during the trading session on Wednesday, as it looks like we are trying to reach towards the bottom of the bullish channel that I have drawn on the chart.
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Price now threatening psychologically important 1.2000 area.
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The GBP/USD price is under pressure ahead of the first Bank of England (BOE) interest rate decision of the year.
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The Bitcoin price rallied in overnight trading on renewed demand for cryptocurrencies.
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Only a couple of days ago, ETH/USD appeared caught in what seemed to be a dangerous cycle as resistance proved difficult for a moment.
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The USD/JPY has found itself engaged within a developing bullish movement which needs attention by speculators if they have not been looking at the Forex pair.
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Speculators love to take advantage of long-term trends, but often are challenged by sudden reversals which frequently pester Forex pairs.
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The USD/INR has been able to sustain its lower value range the past couple of days, but support below has also proven rather strong and has produced a couple of reversals higher.
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