On Monday, the only thing that’s coming out of any significance will be the PPI numbers in Germany. With that being the case, it’s very likely that the markets will be somewhat choppy and quiet as we await the so-called “Brexit” vote. We look at the following 3 assets:

DAX

The German index had a choppy session on Friday, but it does appear that the call buyers are starting to make their presence known. With that being the case, they may try to push the market towards the €9800 level as it shows signs of resistance. Pullbacks at this point in time could possibly be thought of as value.

Gold

Gold markets rose a bit during the day on Friday, but still lag behind the massive spike in price that we saw occur on Thursday. Because of this, it’s probably going to be a bit of a fight higher but it appears that the call buyers are ready to pressure the $1300 level with a significant attempt. With that being the case, call buyers may finally get what they are looking for fairly soon.

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USD/CAD

The USD/CAD pair fell a bit during the day on Friday, breaking the bottom of the Thursday shooting star which formed right at the 1.30 handle. Because of this, it looks as if the put buyers are starting to show themselves back into this market, and therefore it may be able to push the market as low as 1.27 fairly soon. It looks as if call buyers are going to have quite a bit of resistance to deal with.