USD/JPY's bullish bias likely remains intact so long as the spot holds above the upward sloping 21-Hourly Simple Moving Average (HMA) support, now at 108.83. The focus now shifts towards Thursday’s US Jobless Claims for the next direction.
Gold prices recover from immediate support line, 50-day SMA. The yellow metal’s failure to close below 50-day SMA, not to forget a six-week-old ascending support line keeps the buyers hopeful. Risk reset, cautious mood ahead of the ECB also favors the buyers.
WTI extends pullback from $38.30, stays above 100-day SMA. EIA crude inventories, news concerning BP’s exit from Gulf of Mexico fail to support energy buyers. US dollar recovery, market’s risk reset weigh on the black gold’s prices.