The S&P 500 fell slightly during the session on Thursday, as we continue to see a little bit of softness creep into this market. The NASDAQ 100 fell during the day on Thursday, testing the 4900 level below.
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The EUR/USD pair rallied on Thursday, as traders started to take profits after selling. The British pound initially rallied on Thursday but turned around to form a shooting star-like candle.
The US dollar fell against the Japanese yen during the Thursday session, as many traders will have taken profits for the end of year reporting. The Austrian dollar rallied on Thursday, as it’s possible that the move was based upon profit-taking as we have seen so many traders short this market.
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The EUR/USD pair during the day on Wednesday rallied, but found enough resistance near the 1.05 level above to turn the market around. The British pound had a negative session again during the day on Wednesday, as we continue to see various pressure on the British pound mainly due to fears about leaving the European Union.
The WTI Crude Oil market had a volatile session during the session on Wednesday, as we await the Crude Oil Inventories announcement coming out today, which of course has quite a bit of influence on where this market goes next.
The S&P 500 initially tried to rally on Wednesday, but found enough selling pressure above to turn the market around. The NASDAQ 100 initially rallied during the session on Wednesday, but found 5000 to be too resistive as well.
The USD/JPY pair rallied on Wednesday, but turned around for a slightly negative candle. The Australian dollar went back and forth on Wednesday but ultimately ended up forming a bit of a shooting star.
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