During the session on Wednesday, we get a handful of announcements that could move the marketplace. We get the employment figures coming out of the United Kingdom, CPI coming out of the United States, retail sales coming on the United States, and a whole host of other volatility inducing announcement.
USD/CAD
After surprising talk out of the Bank of Canada during the session on Monday, the Canadian dollar has strengthened significantly against the US dollar. Because of this, looks as if short-term rallies will continue to attract woodbine.
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Gold
Gold markets initially fell, but started to see support towards the end of the day. On a break above the top of the trading session range for the Tuesday trading hours, we could see call buyers jump into this market and continue to push higher.
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USD/JPY
During the day on Tuesday, the US dollar did struggle a bit initially against the Japanese yen but then shone straight up in the air. We are above the 110 level, and as long as we stay above that area, call buyers will probably be attracted to this market.
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