Nonfarm Payroll Number
The Nonfarm Payroll Numbers come out during the session today, and of course this will cause quite a bit of volatility. With this being the case, the market will be difficult to point, but eventually the trends that we have seen recently continue in our opinion.
USD/CHF continues to show strength
The USD/CHF pair broke higher during the course of the day on Thursday, testing the cluster just below the 0.98 level. With that being the case, the market looks as if it is going to continue to go higher every time we pullback as it offers value for traders. With that being the case, we believe that eventually this market will head to the parity level, but we recognize that it takes a long time to get there.
DAX looks healthy
If we can break above the €10,400 level, this market should continue to go higher and head towards the €10,700 level. We believe that any type of bullishness should be bought via calls, and that short-term pullbacks also offer the same call buying opportunities. We have no interest whatsoever in buying puts.
Gold markets looking for support
Gold markets should find a bit of support between the $1100 level and the $1120 level. With this, we are looking for some type of bounce or supportive candle in order to serve buying calls. We have no interest in buying puts at this point in time, simply because there is far too much in the way of buying pressure underneath until we get below the $1100 handle.
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