Sterling bulls remain hesitant as traders await details of the UK PM’s EU visit, followed by the FOMC minutes, for fresh impulse.
Japanese yen declined slightly after the PMI data from Japan. The USDJPY pair reached a low of 106.39 from the previous high of 106.65.
The euro currency is trading slightly lower against the US dollar in early Thursday trade, following a fairly uneventful FOMC Meeting Minutes.
Bitcoin price has suffered heavy losses after the number one cryptocurrency was strongly rejected from just under the $11,000 level earlier this week.
Ripple has returned bearish after it hit 26 cents on Wednesday. The following looks at what could happen next based on the Elliott wave theory.
Bitcoin has returned downside after it dropped $900. The following technical analysis is based on the Elliott wave theory.
Crude oil price extends its winning-streak into a fourth straight day today, rallying 1% to reach the highest levels since last Wednesday at $56.27.
Japanese yen edges higher following the safe-haven assets ending the day higher amid ruling uncertainty.
The Dow lost 173 points after a 3-day rally to end at 25962 on Tuesday as price failed to extend the rally above the resistance at 26215.
Gold price is currently back above the $1500 level and is now hovering around the $1506.02 support level as the momentum picks up again.
The euro currency is holding firm above the 1.1070 level against the US dollar as the pairs current yearly trading low remains intact.
The British pound has seen a strong bullish reversal against the US dollar, following the release of positive Brexit news on Tuesday.