The S&P 500 broke significantly during the day on Thursday, slicing through the 2450 handle.The NASDAQ 100 look horrible during the day as we crashed into the 5800 level.
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The WTI Crude Oil market initially tried to rally during the day, but found enough resistance above the $50 level on Thursday to turn around and fall significantly. Natural gas markets exploded to the upside during the day on Thursday, closing just a bit below the vinyl $3 level.
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The EUR/USD pair fell initially during the day on Thursday, but found enough support at the 1.17 level to turn around and form a hammer. The British pound fell during the day on Thursday, breaking below the 1.30 level.
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Gold prices are higher in U.S. trading Wednesday as investors sought safety from rising tensions between the U.S. and North Korea.
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The WTI Crude Oil market went back and forth during the day on Wednesday again as we continue to hover just below the $50 level. Natural gas markets had a very bullish session on Wednesday, slicing through the $2.85 level.
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The EUR/USD pair initially fell during the day on Wednesday, but found enough support underneath the 1.17 level to bounce and form a nice-looking hammer. The British pound had a choppy session during the Wednesday session as well, testing the 1.30 level.
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The S&P 500 gapped lower at the open on Wednesday, but found enough support underneath to turn around and form a hammer. The NASDAQ 100 also fell, reaching down towards the 5850 handle.
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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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Get the USD/CAD Forex Signal for August 10, 2017 here.
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Get the EUR/USD Forex Signal for August 10, 2017 here.
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