1 – Gold markets fell initially during the session on Wednesday, but a softer than anticipated GDP number coming out of the United States had markets concerned about the US economy and therefore the US dollar lost quite a bit of value. By doing so, it push money into the gold markets and we ended up forming a hammer. If we can break above the $1220 level, we feel that the market should then continue to go much higher and we would be buyers of calls. Pullbacks at this point time should find plenty of support at the $1200 level.

2 – The EUR/USD pair broke higher during the session on Wednesday, testing the 1.12 level. The GBP/USD pair also broke higher during the session on Wednesday, and is it tested the 1.55 level. With this, it appears that the marketplace favors for the non-dollar currencies as the GDP number disappointed. However, both of these currency pairs are running into significant resistance just above, so it is likely that we get some type of pullback and therefore we are willing to buy parts for a short-term trade only on a move lower.

3 – The FTSE fell hard during the session on Wednesday, as the market plunged below the 7000 level. However, we are very much still in an uptrend, so we are simple going to step back in for some type of supportive candle in order to buy calls. We believe the market will ultimately go higher, so we are to simply going to step away and keep an eye on what we think is an excellent uptrend. With this, we remain bullish, but we recognize that now is not the time to express that opinion.