The US dollar fell initially during the day on Wednesday, as people are reacting to all of the news out of North Korea. The Australian dollar fell during the day as well, as the “risk off” trade came back into play.
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Gold prices rallied to nearly $1280 an ounce on Wednesday as rising tensions between the U.S. and North Korea stoked demand for the safe-haven metal.
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Gold has erased its earlier gains and is trading slightly lower in afternoon U.S. trading. XAU/USD initially tried to break out to the upside however,
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The EUR/USD pair had a negative session during Tuesday trading, especially after the jobs announcement came out of the United States. The British pound fell during the day on Tuesday, slicing through the 1.30 level.
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The US dollar fell significantly during the day on Tuesday, reaching much lower. The Australian dollar had a choppy session during the day on Tuesday, as we continue to tread water just above the 0.7875 handle.
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The S&P 500 initially tried to rally but turned around to form a massive shooting star. The NASDAQ 100 tried to rally during the day but gave back the gains to form a shooting star.
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The WTI Crude Oil market continues to show a significant amount of volatility, as we went back and forth during the Tuesday session. The natural gas markets had a back and forth session on Tuesday, as I see support underneath at the $2.75 level.
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