The euro is correcting, a growth in the pair is expected. Assumingly, the third wave of the senior level 3 continues forming.
The Pound is falling. Assumingly, the senior correction within wave X in a form of a flat continues forming.
Yesterday, the USD/CAD pair continued its downward correction, declining further from Tuesday highs.
On Thursday, the AUD/USD pair grew after bouncing off lows of the start of the week.
Today, market participants will be following the publication of the US preliminary GDP for the second quarter and employment statistics.
Oil and commodities prices grew amid recovering stock market indices, which supported the NZD/USD pair.
Yesterday, when unexpectedly positive US Durable Goods Orders statistics were released, the American Dollar was strengthening steadily against the Japanese Yen.
On Wednesday, the price of silver reached new lows near the level of 14.00.
Yesterday, the US Dollar resumed active growth against the British Pound and the GBP/USD pair reached new local lows since the beginning of the month.
Gold futures retreated on profit taking Wednesday, Silver hits six-year low as equities and the U.S. dollar index strengthened.