The WTI Crude Oil market exploded to the upside on Friday, showing signs of life again. The natural gas markets fell during the session on Friday, as we continue to see a lot of choppiness and volatility.
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Get the USD/JPY Forex signal for August 21, 2017 here.
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Get the USD/CAD Forex signal for August 21, 2017 here.
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Get the GBP/USD Forex signal for August 21, 2017 here.
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Get the EUR/USD Forex signal for August 21, 2017 here.
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Gold prices settled at $1284.62 an ounce on Friday, as the market’s inability to hold above the $1296 level and better-than-expected U.S. economic data prompted investors to unwind bullish bets.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 20, 2017.
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The EUR/USD pair fell initially on Friday, but found enough support underneath the 1.17 level to turn things around and form a hammer.
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Thursday saw the WTI Crude Oil market fall significantly, but turned around and form a hammer. Natural gas markets fell initially during the day on Thursday, but found enough support at the $2.85 level to turn around and rally.
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The USD/JPY pair fell significantly during the session on Thursday, as a bit of a “risk off” trade has been the case.
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The S&P 500 had a very bad day on Thursday, reaching towards the 2430 handle.
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Gold prices rose $4.07 an ounce on Thursday, supported by weakness in global stocks.
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Get the NZD/USD Forex signal for August 17, 2017 here.
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