The Euro pulled back a bit during the trading session on Thursday, reaching towards the 1.0750 level.
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The Australian dollar has rallied rather significantly during the trading session on Thursday after initially dropping down towards the 50 day EMA.
The US dollar has initially rally during the trading session on Thursday before pulling back from the highs after the Fed Fund Rate Futures for December 2020 went negative.
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The S&P 500 has tried to rally during the trading session on Thursday but failed again at the exact same spot it has over the last couple of days.
The NASDAQ 100 has rallied again during the trading session on Thursday to test the highs again, as we are above the 9000.
The US dollar initially tried to rally against the Indian Rupee during the trading session on Thursday, as we continue to see a bit of a recovery
The silver markets have rallied significantly during the trading session on Thursday, as the US dollar got crushed after Fed funds rates for December 2020 went negative.
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but ran into the 50 day EMA to start selling off yet again.
The gold markets rallied significantly during the trading session on Thursday as the Fed Funds Futures rate went negative for December 20.
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The continued collapse of the US labor market increases the pressure on the US dollar, especially with investors' appetite for safe havens amid new tensions in relations between the United States and China, this time around the Coronavirus.
Gold prices lost $28 with prices dropping to $1681 an ounce before returning to stability around the $1692 level at the time of writing.
As expected in recent technical analyzes of GBP/USD, the pair's bearish momentum may push it towards the 1.2320 support, which in turn may increase the pair's bearish momentum and pave the way for stronger support levels.
For four consecutive trading sessions, the EUR/USD pair continued to correct downward, with losses that reached it to the 1.0781 level of, the lowest level in two weeks ago, before settling around the 1.0795 level in the beginning of Thursday's trading.
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