Gold markets were contained within the trading range that we have been in for some time during the day on Thursday, as we see the markets look for some type of direction, mainly from the US dollar if history is any indication.
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The S&P 500 went back and forth during trading on Thursday, initially pulling back to test the 2600 level.
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The US dollar has gone back and forth against the Japanese yen in a rather difficult session.
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The WTI Crude Oil markets spent most of the day falling on Thursday after initially opening somewhat flat.
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The US dollar rallied after initially pulling back on Wednesday, to break above the ¥109 level late in trading.
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The WTI Crude Oil market went back and forth during trading on Wednesday, as we continue to grind sideways, perhaps in a bid to affirm the break of the downtrend line that we have seen recently.
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The S&P 500 rallied quite stringently during the trading session on Wednesday, breaking above the 2600 level overnight and slamming into the 50 day EMA towards the end of the day.
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