The S&P 500 fell a bit during the day on Thursday, reaching down towards the 2400 level. The NASDAQ 100 went sideways during the session on Thursday, as we await the Nonfarm Payroll Numbers.
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The US dollar went back and forth during the day on Thursday, as we continue to bounce off of the 113 handle. The Australian dollar fell a bit during the day on Thursday, but sees quite a bit of support underneath, especially near the 0.7550 level.
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The WTI Crude Oil market initially tried to rally during the session on Thursday, as we had a stronger than anticipated withdrawal of crude oil inventory announced.
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The EUR/USD pair had a volatile session on Wednesday, as we awaited the FOMC Meeting Minutes. The British pound went back and forth during the session as well, but found enough support at the 1.29 level to turn around and form a bit of a hammer.
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The WTI Crude Oil market fell apart during the session on Wednesday as the Russians say they are not willing to cut production. The natural gas market initially tried to rally, testing the $3.00 level.
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The S&P 500 was very volatile on Wednesday as the Federal Reserve release the Meeting Minutes, which essentially set everything that the market new.
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The USD/JPY pair went back and forth during the day on Wednesday, as the FOMC Meeting Minutes essentially told us nothing. The Australian dollar also was very volatile during the day as gold slammed around.
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Get the NZD/USD Forex signal for July 5, 2017 here.
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