The GBPUSD pair continued its bullish move on Tuesday, breaking above the 1.7150 level. The action from the Tuesday session suggests that the market is in fact going to continue going higher, as we try to get to the 1.75 level.
The EURUSD pair broke higher during the session on Wednesday, but could not break out to the upside.
The USDJPY pair broke out to the upside during the session on Monday, essentially cracking the top of a couple of hammers from last week. We are testing the 102.50 level at the moment, and thereby we think we are getting ready to head to the 103 handle.
The USDJPY pair initially fell during the session on Wednesday, but found support at the 101.50 level yet again. On top of that supportive area, we also had an uptrend line that was tested during the session, and as a result the buyer stepped in and push the market back up.
Tesla Motors Inc hopes to launch a nationwide charging and service network for its electric vehicles by as early as 2015, CEO Elon Musk said in Beijing on Monday.
As Cushing supplies decline due to increased logistic options out of the storage hub in the Midwest PADD 2 in Cushing, Oklahoma inventories are rising to elevated levels in the Gulf Coast which eventually will provide the bottleneck and back up oil flows all along the supply and logistics chain.
Brent crude oil (BNO,quote) gained momentum on Wednesday as growth in industrialized countries became more likely. The commodity traded at $107.10 at 6:30 GMT on Wednesday morning.
ETF Outlook for Thursday, January 9, 2014.
London, UK; 18 September 2013: GW Pharmaceuticals plc (GWPH) announced today it has commenced a Phase 1 clinical trial of product candidate GWP42006 for the treatment of epilepsy.
Natural Gas traded higher, settling $3.287 up $0.089 2.7%. The curve was firmer, 13/16 $0.03 tighter (J13/F14 $0.02 better). Hub cash was ~$0.03 back this morning, Z-6 fell to $1.00 to $4.80.
