During the session on Friday, we get a handful of strong announcements coming out from Europe, the United Kingdom, and Germany itself. Because of this, expect quite a bit of volatility and we are watching the following 3 assets:
DAX
The German index rose slightly during the day but ran into a bit of exhaustion on Thursday. With the employment figures coming out today, it’s possible that we may get a move due to that announcement, but either way it looks as if the call buyers are in control longer-term to therefore pullback should be thought of as value.
Gold
Gold markets fell during the day on Thursday, but continues to find support just below. Because of this, it’s likely the call buyers will be looking for value. Gold markets have been very strong but there is a significant amount of resistance just above the soul expect choppy conditions either way.
EUR/USD
The EUR/USD pair fell on Thursday, as it looks like we are trying to reach towards the 1.07 handle. There should be a bit of support there, so call buyers entering the market at that area would not be a surprise. On a break below that level, the market will more than likely go looking for the 1.06 handle.
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