During the day on Thursday, the Bank of England will have an interest rate announcement that of course will be interesting to traders. Because of this, we think that there will be quite a few trading opportunities, based upon statements coming-out of that particular central bank. We also get Unemployment Claims out of the United States and GDP coming out of China.
WTI Crude Oil
The WTI Crude Oil market looks as if it is trying to roll over, and below the $46 level there very well could be an interest by put buyers to continue the downward movement that we’ve seen recently. With this being the case, this would be a very interesting market fall during the day.
GBP/USD
The British pound tried to rally during the day on Wednesday, but ran into a bus all of resistance. Because of this, it looks as if a move below the 1.32 level will more than likely attract more put buying as the downtrend continues. With this, bearish attitudes prevailed.
Gold
Gold markets rally during the day, bouncing from the pullback that we had seen during previous sessions. With this, looks as if the call buyers are back and ready to continue pushing this market higher over the longer term. Bullish attitudes prevail and a market that is a bit of a safe haven from fiat currencies.
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