FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

EURO and POUND ended the Thursday session higher while DOLLAR weakened following an array of data.

Both GOLD and OIL closed unchanged.

Investors can look at a series of releases today with highlight the GB Retail Sales.

Today’s Forecast for Important Trading Indicators

Market Movers

• GBPUSD – Sterling still remains bullish even below recent multi-year high as DOLLAR loses steam. Cable traded higher than yesterday’s opening for all trading day in the Thursday session ending ~65 pips higher. Although RICS House Price Balance came out better than expected the sentiment was influenced mainly by lack of USD bulls. Investors will look to the crucial Retail Sales to decide on POUND’s bullishness; Middle Bollinger Band important to hold.

• USDJPY – US data mixed, DOLLAR ends lower despite 45Yr record Unemployment Claims. DOLLAR subsided some 20 pips after an attempt to break above 111.42 despite the US Building Permits and the Unemployment Claims came out better than expected as other figures disapointed. Dollar-Yen managed to close above the 111 handle yet bears are taking over control this morning. Market participants look forward to the UoM Sentiment report and FOMC Quarles’ speech.
• EURUSD – EURO gains 61.80% of Wednesday’s losses as Weidmann hints on higher wage rates. EURO posted 55 pips gains against the DOLLAR following German Buba President speech as well as a broadly weaker US counterpart. Euro-Dollar is moving higher towards the 100.00% Fibonacci Extension at 1.2290 today while Dollar declines.
• USOIL – WTI ends session mixed despite huge inventory draw as doubts on OPEC deal weigh in. EIA reported 6.9 million barrels draw yesterday supporting a price extension though price subsided from the daily high, as emerging doubts that OPED deal may end in June weighed in. USOIL price is currently moving lower, having been rejected at $62.75 per barrel.
• XAUUSD – GOLD mixed despite DOLLAR weakness as prices pull back marginally on profit taking. Spot GOLD ended $1.50/oz lower on Thursday following some profit taking from investors. After having reached a daily high of $1333/oz the precious metal saw a drawback. GOLD price will be affected by the potential US Government shutdown starting this weekend.

• US Indexes – DJ declined by 0.37%, S&P 500 on -0.16%.
• European Indexes – UK 100 trades 0.05% lower, DE 30 0.65% lower.
• Asian Indexes – ASX 200 fell by 0.18%, Nikkei rose 0.19%, and Hang Seng trades 0.16% higher.
• US Equities – Twitter plummeted 2.12%, Facebook surged 1.24%.