During the day on Tuesday, we did very little in the way of announcements that should move the market. In fact, the biggest 2 announcements are going to be Manufacturing production in the United Kingdom as well as the Goods Trade Balance number from that same country.
Silver
Silver markets gapped lower at the open on Monday, but can see that we have seen a fairly significant amount of support below to continue to lift this market. The $19.25 level below has been very strong, and it looks as if the call buyers have been attracted yet again.
FTSE 100
The FTSE 100 initially tried to rally during the course of the session on Monday, turning back around to form a bit of a shooting star. The shooting star of course is very negative, and with that being the case we could get a bit of a pullback. Ultimately, the markets will more than likely find call buyers below though, as we have seen such a strong move higher. Perhaps value should be found below.
USD/CAD
The US dollar fell slightly against the Canadian dollar during the day on Monday, but quite frankly it looks as if the market is grinding higher and a relatively stable upward channel has formed. With this, it appears that call buyers will ultimately continue to enter this market.
Comments
Log in or sign up to join the conversation.