Video Length: 00:01:54
During the session on Tuesday, there will be quite a few economic announcements coming out from most of the major economies around the world. We have business confidence coming out of Germany, we have CPI and PPI coming out of the United Kingdom, and that of course Retail Sales and Industrial Production out of America. With this, we think that there will be plenty of volatility and plenty of trading opportunities during the session.
1 – We believe that the Euro will eventually get a bid, and that it is simply taking a bit of a break. While there might be put buying opportunities working against the Euro, the reality is the longer-term move is probably still going to be to the upside. With this, expect a lot of volatility and the common currency.
2 – Ultimately, precious metals look as if they have found a bit of support, but we are not overly excited about owning calls. We would keep those calls to short-term charts as there are simply far too many things working against the value of precious metals at the moment.
3 – Oil continues to grind sideways overall, as we fell during the session on Monday. However, there still seems to be plenty of support below so we are not overly concerned at the moment, and are looking for short-term bounces in order to buy calls. We have no interest in buying puts at the moment.
Leave A Comment