The Euro broke below the 1.05 level during the day on Thursday, a very significant breakdown. The GBP/USD pair broke down below the day on Thursday, slicing through the uptrend line and the 1.25 level below there.
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The USD/JPY pair rallied on Thursday, as we continue to see bullish pressure in the greenback. The AUD/USD pair fell on Thursday as the US dollar continues to strengthen in general.
The S&P 500 found a bit of volatility during the session on Thursday, as we continue to hover above the 2250 handle. The NASDAQ 100 initially rallied on Thursday but turned around to form a bit of a shooting star.
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The WTI Crude Oil market fell initially on Thursday but found enough support at the $50 level to turn around and form a hammer. The natural gas markets fell during the day on Thursday, slicing below the previous consolidation.
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The EUR fell rather rapidly during the day on Wednesday as the Federal Reserve announced yet another rate hike. The British pound fell as well after initially tried to rally on Wednesday and in part for the same reason.
The WTI Crude Oil market fell on Wednesday as the Federal Reserve raised interest rates. Natural gas markets had a slightly positive session during the day on Wednesday, and have yet to fill the gap from the weekend.
The US dollar rallied against the Japanese yen as we sliced through the 117 level on Wednesday. The Australian dollar initially broke above the 0.75 level during the day and then fell apart as the Federal Reserve suggested there would be more interest rate hikes going forward.
The S&P 500 sold off on Wednesday in reaction to the Federal Reserve raising rates, but quite frankly I think that’s a short-term move at best, as the market had already anticipated that it would happen.