- CAD is the weakest among the major currencies,
- Oil prices continue to rise
- Mixed sentiment in the stock market
During today's session in the Forex market, we could observe the appreciation of the US dollar, which gained the most against the CAD (nearly 0.5%. The AUD (-0.35%) and NZD (-0.26%) also weakened against the dollar. The British pound managed to limit losses to 0.2%, while EURUSD and USDJPY pairs are trading flat. Only the Swiss franc stands out, as it managed to gain 0.12% against the USD.
When looking at the stock market, mixed sentiment prevails. Some European stock indices finished today's trading in positive territory, while some in red. Meanwhile, the US indices fell slightly. Market volatility remains low, investors are waiting for tomorrow's Fed decision.
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Open account Try demo Download mobile app Download mobile appWhen it comes to the commodity market, precious metals are under pressure today. Platinum is leading with 1.5% decline. Silver is down 0.9%, while gold fell 0.6%. Only the palladium price rose 0.2%.
The price of crude oil is rising today - Brent added more than 1% and WTI jumped 1.2%. Looking at the technical situation, one can see that OIL.WTI remains in a stable uptrend. The recent corrections had the same range, which shows that the trend has been maintained in line with the Overbalance methodology. It is also worth paying attention to the fact that each test of the EMA100 average led to the generation of another upward impulse and the creation of new highs. Therefore, it seems that only negation of the 1:1 system and a break below the average could invalidate the upward scenario.
OIL.WTI, H1 interval. Source: xStation5
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