During the session on Thursday we get an interest-rate announcement coming out of the United Kingdom, which of course will be followed by currency traders around the world. We also get FOMC Members speaking during the course of the day and of course the Unemployment Claims numbers out of the United States. All in all, this could be the beginning of volatility for the week.

DAX falls

The German index fell slightly during the course of the session on Wednesday, but not enough to change the overall uptrend that we have been in a since the middle of February. Because of this, it’s very likely that a supportive candle will get call buyers involved in this market yet again.

USD/CHF

The USD/CHF pair pulled back slightly during the course of the day on Wednesday, as it looks like the consolidation could continue. The 0.97 level below will be supportive, but a break below that could get put buyers back into the marketplace and reaching towards the 0.96 handle.

FTSE

With an interest rate announcement coming out today, there could be quite a bit of volatility in this market but it appears that there is still significant support below, circling around the 6100 level. With that being the case, we will more than likely see call buying.

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