The WTI Crude Oil market broke higher during the day on Wednesday as the inventory figures came out about as expected.
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The US dollar had a slightly negative session on Wednesday, as we initially tried to rally but found the 110 level to be a bit too resistive.
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The EUR/USD pair rallied on Wednesday, as the 1.17 level looks to be supportive yet again. The British pound fell slightly during the day, but found a bit of support towards the end of the session.
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Gold prices ended Wednesday’s session up $5.71 as disappointing U.S. economic data and political uncertainty weighed on the dollar.
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The EUR/USD pair continues to grind above the 1.17 level as we await words from ECB President Mario Draghi from Jackson Hole, Wyoming.
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The WTI Crude Oil market had a volatile session on Tuesday, as we continue to bang around the $40 level. Natural gas markets initially tried to rally on Tuesday, but found the $3 level to be far too resistive yet again.
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The US dollar rallied during the Tuesday session, breaking the top of the hammer from both Monday and Friday. The Australian dollar fell during the day on Tuesday, testing the 0.79 level.
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