The EUR/USD pair went back and forth during the course of the session on Tuesday, showing quite a bit of neutrality. The British pound initially tried to rally during the course the day on Tuesday, but turned right back around to form a bit of a shooting star.
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The WTI Crude Oil market initially fell during the course of the session on Tuesday, testing the $46 level. The natural gas markets went back and forth during the course of the session, as we have formed quite a bit of a neutral candle.
The S&P 500 initially fell during the course of the session on Tuesday, but found enough support to turn things back around and form a hammer. The NASDAQ 100 initially fell during the course of the session on Tuesday, but turned right back around to form a bit of a hammer.
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Gold prices ended Wednesday’s session up $2.22, marking the third consecutive rise, after minutes from the Federal Reserve’s July 26-27 policy meeting cast further doubt on the possibility of an imminent rate increase.
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Get the GBP/USD Forex Signal for August 18, 2016 here.
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The WTI Crude Oil market rallied during the course of the day on Tuesday, breaking above the $46 handle. Natural gas markets rose slightly during the day on Tuesday, as we continue to grind higher.