FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

Markets traded side-ways yesterday as mo major eco data were strong enough to move markets decisively.

Yen fell as a result of increasing US Yields and Dollar appreciated but this was marginal only.

• BTC/USD – Bitcoin falls beyond 50% Fibo to 161.80% extension, completes bearish correction. Bitcoin price moved lower to complete the full cycle of the motive wave started back in April. With this correction pattern it is likely that price can now move higher. Another break to the Golden ratio around $7.700 is possible but may not be an option. Signals will provide directional activity soon.

MARKET MOVERS

• EUR/USD – Euro somewhat bearish but price stable above 78.6% Fibo. Euro-Dollar fell yesterday following a quiet session with no major news releases. The pair formed an indecision candela despite the marginal bearish tone and importantly remained firm above the recent $1.1765 low.

• GBP/USD – British Pound ends session a tad higher, formation indicates another indecision day. Cable trading took place in a range-bound market once again. With the 50% Fibonacci level holding for ten trading days now market participants become more cautious as a break, either upward or downward, is likely to occur soon.

• USD/JPY – Dollar-Yen breaks beyong recent high as risk appetite rises, Yen down. Dollar-Yen rose 40 pips higher in the Thursday session following an increase in the US Yields, an increase that shifts risk sentiment and taking away from safe-haven. As a result Yen declined. Now, the pair is heading 111 and beyond level but with no major news today a further upside breakthrough may not be the case.

• USOIL – Oil persist being bullish reaching a fresh 3 ½ year high, session ends mixed. Oil traders push prices higher following increased sentiment from EIA yesterday but price halted and reversed at a fresh multi-year high above $72/b. The retracement show price correcting down to the 50% Fibonacci level and since price has moved a tad higher.

• XAU/USD – Gold mixed despite US Yields rise, golden ratio a strong rejection level. Gold reached an intraday low at $1286 for another session and reversed back to opening levels. With price trading near the 61.80% Fibonacci retracement traders seem to be cautious as a break of the said level could take price to fresh multi-month lows. Despite a rise in risk sentiment, Gold traders maintained a good balance between risk and risk aversion.

• US Indexes – DJ fell by 0.22%, S&P 500 declined by 0.09%
• European Indexes – Both DE 30 and UK 100 closed 0.70% and 0.91% higher.
• Asian Indexes – ASX 200 closed 0.10% lower, Nikkei 225 gained 0.37%, Hang Seng trades 0.29% lower.
• US Equities – Apple lost 0.63%, Facebook rose by 0.31%