During the session on Friday, we get several announcements that could move the marketplace, including CPI numbers coming from mainland Europe, GDP numbers coming out of the United Kingdom, and German Retail Sales as well. In other words, we should get plenty of volatility.
Gold
Gold markets chopped around during the Thursday session, as the $1260 level offered a significant amount of support for the market, showing signs of resiliency. If we break down below the $1240 level, then that would change the overall trend. Until then, it’s likely the call buyers will return looking for value from time to time.
USD/CHF
The US dollar continues to consolidate against the Swiss franc, near the 0.9950 level. The market has been grinding lower over the longer term, but in a very slow fashion. Because of this, it’s likely that put buyers could be attracted to this market near the parity level.
FTSE 100
The FTSE 100 fell slightly during the day on Friday, as the $7280 level above continues to offer resistance. On a break below the bottom of the daily candle, put buyers should be attracted to this market.
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