The WTI Crude Oil market fell apart during the session on Wednesday, slicing through the $47 level handily after the Crude Oil Inventories announcement.
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The US dollar rallied a bit against the Japanese yen after initially falling on Wednesday, but continues to find the 110 level to be important. The Australian dollar rallied significantly during the day on Wednesday as the GDP numbers out of Australia came out stronger than anticipated.
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The S&P 500 had a volatile session on Wednesday, reaching down to the 2425 handle. The NASDAQ 100 also fell during the day initially, but found enough support at the 5850 level.
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Gold prices ended Wednesday’s session down 0.6%, or $7.74, to settle at $1286.66 an ounce as investors took profits from a recent rally that pushed the market to the highest level in seven months.
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The EUR/USD pair initially fell during the day on Tuesday but turned around to show bullish pressure. The British pound had a volatile session on Tuesday, as we continue to hover around the 1.29 handle.
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The USD/JPY pair broke down during the day on Tuesday, slicing through the 110 handle. The Australian dollar initially fell during the day on Tuesday, but found enough support at the 0.7450 level to turn around and break above the 0.75 handle.
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The WTI Crude Oil market initially fell during the day on Tuesday, but found the $47 level to be supportive enough to turn the market back around.
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The S&P 500 fell during the day on Tuesday, testing the 2425 level underneath. The NASDAQ 100 initially tried to rally during the day on Tuesday but then turned around and fell finally.
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