During the session on Friday, there are a handful of announcements that could cause a bit of market volatility. There are PMI numbers coming out of the United States, the United Kingdom, and Germany. Because of this, the market should have plenty of volatility.
USD/JPY
The US dollar rallied against the Japanese yen during the day on Thursday, showing signs of strength yet again. This of course is a bullish market, and it looks as if the call buyers are looking for the 115 handle. If we can break above there, call buyers will more than likely take over this market. Pullbacks should continue to offer calling opportunities.
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DAX
The DAX broke above the €12,000 level, and now is simply sitting still. This of course suggests that call buyers are perfectly comfortable with levels above the €12,000 level, so it more than likely will attract more call buying opportunities and traders. Put buyers are all but gone.
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Silver
Silver markets fell a bit during the day on Thursday, but there seems to be plenty of support just below, especially near the $18 level. Because of this, a pullback will more than likely offer value that traders will be willing to take advantage of.
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