Blogs

The NASDAQ 100 has gone back and forth during the trading session and volatile trading on Thursday yet again as we are at the peak.

The Australian dollar has pulled back a bit during the trading session on Thursday but have recovered quite nicely to turn things around and form a bit of a hammer.

The US dollar to pull back just a bit against the Russian ruble during trading on Thursday, as oil markets got a bit of a reprieve.

Gold markets initially tried to rally during the trading session on Thursday but gave back the gains to form a rather ugly candlestick

Silver markets did very little during the trading session here on Thursday, as the market continues to dance around the 50 day EMA.

The West Texas Intermediate Crude Oil market has rallied significantly during the trading session on Thursday, as traders are rolling over

The bearish momentum for the USD/JPY still stands and is increasing with the investor’s rush again towards safe heavens amid increasing bleak expectations for the global economy with the ongoing world seafaring from the coronavirus.

The resumed strength of the US dollar contributed to the suspension of gold price gains, which reached the $1747 resistance, the highest level in eight years.

Despite the decline in the GBP/USD pair to the 1.2436 support with the return of the USD strength and after gains extended to the 1.2647 resistance, its highest level in more than a month, the general trend is still receiving support for the upward correction.

The US dollar has returned to assert that it is the strongest.