The S&P 500 had a volatile session on Thursday, initially falling but finding enough support at the 2350 handle to form a supportive move and go much higher.
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The EUR/USD pair shot higher during the trading session on Wednesday, as the US dollar fell in general. The British pound also rallied against the US dollar, but finds itself struggling to break above the 1.30 handle.
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The oil markets rallied during the session on Wednesday, as we tested the 200-exponential moving average yet again. Natural gas markets had a volatile session as well, touching the $3.15 level underneath.
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The US dollar fell significantly during the day on Wednesday, as the pair drove below the 113 handle, and then the 112 level after that.
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The S&P 500 broke down significantly during the session on Wednesday, testing the 2350 region. The NASDAQ 100 fell apart during the day, but that’s not overly surprising considering that it has lead the charge higher.
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Gold prices ended Wednesday’s session up $23.72, hitting the highest level in two weeks, as investors sought refuge from volatility in the wider markets.
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