During the day on Friday, we get several different announcements coming out of both the European Union and the United States that could move the marketplace. Of particular note will be the University of Michigan consumer numbers, the PPI numbers, the Flash GDP numbers coming out of Europe, as well as a handful of minor numbers.

DAX

For several days now, we’ve been talking about how healthy the DAX looks quite the same going into the Friday session, although we did pullback a little bit during the day, it has to be said that the DAX has recently broken out to the upside so at this point in time you would have to think that the call buyers are still very much in control.

USD/CHF

It looks as if the Swiss franc is strengthening overall when it comes the currency markets. The US dollar initially trying to rally during the course of the session on Thursday but turning back around and form a bit of a shooting star suggests that perhaps there is more downside potential. At this point, if we break down below the daily candle, it’s likely that put buyers will jump back into the market.

Gold

Gold markets initially fell during the day on Thursday, but have bounced off of the 1340 level. This is a market that has a significant pullback during the Wednesday session, but it appears that the call buyers are not ready to give up. Because of this, it’s very likely that the market should continue to go higher, and as a result call buyers will more than likely be encouraged by what they are seeing.