FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

Market risk returned back amid Trump’s ease on the Syrian regime having Dollar strengthening against most majors.

Euro, Yen and Gold fell while Pound, the session’s best performer rose om positive remarks from David Davis. Oil gained against Dollar marginally.

Market participants expect the UoM Consumer Sentiment as the last trading day of the week is here.

Today’s Forecast for Important Trading Indicators

• BTCUSD – Bitcoin bulls are back as price taken 20% up following substantial volumes on buy orders. The price of Bitcoin rose by $1200 per coin yesterday after a series of low-volume sessions above the $6.5K hurdle. With the rise, short positions were closed and the boost was supported as well as a shift in sentiment. BTC broke outside the triangle pattern, however, the next two to three days are most likely to confirm it the move was false or not.

MARKET MOVERS

• EURUSD – Euro lower as ECB minutes confirm inflation concerns, EU Industrial Production poor. Euro-Dollar fell 40 pips after a series of bullish sessions following ECB’s minutes as policymakers predict that the high exchange rate negative impact on inflation. In addition to a stronger US counterpart, the European Industrial Production was worse than expected. Price saw a rejection at the $1.23 hurdle and closed Thursday’s session at 1.2325 near 38.2% Fibonacci retracement.

• GBPUSD – Pound breaches 2-week high for a fresh level, gets rejected just below March highs. Cable rose in the Thursday session continuing its bullish rally for a 5th consecutive session despite Wednesday’s indecision and Dollar’s strength. The pair reached an intraday high at $1.4250 following Davis remarks on trade matters and BoE’s meeting accounts. With no new in the economic calendar, today price is likely to remain below March high as the end of the week approaches.

• USDJPY – Risk back in the markets as Trump eases on Syria, Jobless Claims better than previous. Dollar-Yen appreciated nearly 60 pips on Thursday as President Trump eased his responses on Syria, shifting investor sentiment away from safe-havens. Despite tensions in the Middle East remain relevant the pair saw a rise as Dollar strengthened broadly following a good Jobless Claims report. Price remained below the 107.50 high but seems to be piercing through it in today’s trade.

• USOIL – The rally in Oil prices continues as demand increases, Saudi Arabia eyes $80 per barrel. WTI closed above the strong multitooth resistance yesterday marking four consecutive sessions of bullish momentum despite an early attempt from bears to push price lower intraday. Price closed at $67 per barrel while OPEC formulates a strategy to move forward. SA hinted for an unofficial $80/b target.

• XAUUSD – Gold erases all Thursday gains as Trump tweet decreases demand for safe havens. Gold plummeted $17/oz in the Thursday session erasing all gains gathered on Wednesday as president Trump’s tweet hinted an ease on the Syrian regime. The US President’s tweet showed market that he may or not follow through with his promise to punish the Syrian regime, taking Gold to $1335/oz. Investors patiently wait for the Consumer Sentiment report as signs of directional activity are to be given.

• US Indexes – DJ soared by 1.21%, S&P 500 rose by 0.83%.
• European Indexes – UK 100 saw a marginal decline of 0.07%, DE 30 appreciated by 0.27%.
• Asian Indexes – ASX 200 ended 0.22% higher, Nikkei 225 increased by 0.55%, Hang Seng trades 0.03% higher.
• US Equities – Tesla declined by 2.28%, BoA rose by 2.51%.