FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

Political uncertainty and contradictory reports in the US held markets in a battleground mode despite a softer than anticipated CPI figure.

Currencies, as well as the most traded commodities, remained unchanged as Dollar sentiment was neutral.

Investors expect SNB’s interest rate decision at 08:30 GMT and an array of US reports at 12:30 GMT.

Today’s Forecast for Important Trading Indicators

Market Movers

• EURUSD – Euro falls following Draghi’s remarks at ECB conference, recovers losses on weaker USD. Euro-Dollar traded sideways on Wednesday session following a decline after ECB President indicated that policy normalisation could extent to year-end and a recovery owed to a worse than expected US CPI. The pair formed a 25-pip bearish indecision candle between the 50% and 61.8% Fibonacci.

• GBPUSD – Sterling unmoved below $1.40 barrier, no signs of bearish bias. The British Pound traded in a tight range in the Wednesday session and closed the session equal to its opening. The battle between bears and bulls was expected below the psychological $1.40 and following a mixed US counterpart while no indicators were due in the UK. Current trading levels just 20 pips below barrier.
• USDJPY – Dollar-Yen mixed as traders decipher inflation and consumer spending figures. Dollar-Yen was mixed yesterday as risk sentiment tried to scrambled through markets to understand inflation and US growth following a lukewarm CPI and PPI reports as well as the dissapoiting Retail Sales. The pair remained below 107 as price was rejected at 106 following the Retail Sales report. Investors eye a number of US reports at 12:30 GMT.
• USOIL – EIA reports huge stocks build, WTI price falls but gasoline inventories support recovery. WTI saw an intraday low at the strong $60.20 for another session after EIA reported a huge inventory build of 5 million as US Crude supply rose. Despite the poor numbers oil price offset and closed near the day’s opening owed to a massive draw in gasoline supplies and Moody’s improved forecast in oil demand.
• XAUUSD – Gold remains unruffled for a 5th consecutive session as US data confuses investors. GOLD was mixed in the Wednesday session despite the disappointing US consumer spending figures as PPI inflation beat expectations by 0.1%. Risk sentiment is likely to remain unchanged until investors get a handle on Fed’s plans for gradual policy changes.

• US Indexes – DJ fell by 1.0%, S&P 500 saw a decline of 0.57%.
• European Indexes – UK 100 trades 0.08% higher, DE 30 0.11% higher.
• Asian Indexes – ASX 200 declined by 0.25%, Nikkei 225 rose by 0.12%, Hang Seng trades 0.39% higher.
• US Equities – Twitter upsurged 7.30%, Tesla fell by 4.45%.