During the day on Friday, we get several announcements including the CPI numbers coming out of the European Union, the CPI numbers coming out of the United States, University of Michigan Consumer Sentiment coming out of America, Retail Sales coming out of the US, and several other mid-level announcements. At this point in time, we look at the following 3 assets:
DAX
The German index rose during the day on Thursday, finally breaking above the €10,000 level with confidence. With this being the case, it appears that the market is being ran by the call buyers, and it is possible that this will only strengthen that attitude.
USD/CAD
The USD/CAD pair had a slightly negative day during Thursday trading, but has been grinding higher for a wild. It appears that overall the call buyers are starting to build up momentum, and as a result we have been choppy with a slightly upward bias. There’s nothing on this chart to suggest that we are about to change attitude.
WTI Crude Oil
The WTI Crude Well market fell slightly during the day on Thursday, and continues to look fairly bearish overall. Because of this, it’s very likely now be put buyers will be encouraged but it also appears that we may be fairly choppy. Nonetheless, there seems to be a slightly negative bias recently.
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