The EUR/USD pair bounced slightly during the day on Thursday, as the 1.1750 level offers support.
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The US dollar went back and forth during the course of the day on Thursday, as we ended up forming a bit of a shooting star.
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The S&P 500 initially fell during the session on Thursday, but found enough support at the 2500 level to turn around and form a hammer.
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The WTI Crude Oil market initially tried to rally during the day but turned around to form a massive shooting star.
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Gold prices rose $4.62 an ounce on Thursday as a retreat in the dollar sparked some short-side profit taking.
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Gold prices ended Wednesday’s session down $11.44, touching the lowest level in a month, as the dollar strengthened on the back of the better-than-expected U.S. data.
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The EUR/USD pair fell on Wednesday, but has found a bit of support near the 1.1750 level. The British pound fell significantly during the day, testing the 1.34 level.
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Oil markets were reasonably quiet during the session on Wednesday, considering that we get an inventory number release, and although we initially pulled back, we turned around to form a hammer again.
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