July 31th: Mid-level announcements

July 31th: Mid-level announcements

During the Friday session, we anticipate seeing quite a few of mid-level announcements moving the markets. The European Union releases its Unemployment numbers, as the EU also is releasing Flash PMI. The Canadians released the GDP number, as the Americans really Chicago PMI.

Silver finding a bit of support

It appears that the markets are getting silver a bit of a break, as the $14.50 level has offered a significant amount of support. In fact, we ended up forming a hammer for the day on Thursday, which is a bullish sign. However, we recognize that there is going to be a bit of resistance at the $15 level so what we will do is look for supportive candles on very short-term charts, and take very short-term calls towards the $15 handle.

Silver finding a bit of support

GBP/USD struggles to hang onto gains

During the session on Thursday, we tried to rally again in this market but failed. Because of this, we believe that a break down below the bottom of the candle for the session is a put buying opportunity as the market should probably head down to the 1.55 handle. On the other hand, we believe that we can break above the 1.57 level, buyers will come back into this market and give us a call buying opportunity.

GBP/USD struggles to hang onto gains

DAX falls slightly

The DAX went back and forth during the course of the session on Thursday, showing a bit of negativity. However, at the end of the day we recognize that the market needs to break above the top of the range for the session in order to offer a call buying opportunity. We do believe that the DAX will continue to go much higher though.

DAX falls slightly

 

Disclaimer

The material provided in this market review and the linked websites is for general informational purposes only and is not intended to be your only source of information when you are making financial decisions. This information is not investment advice nor a solicitation to buy, sell or make any type of investment decision in securities or any financial instruments offered by Optionsclick®. Optionsclick® is not a financial advisor. Opinions are the authors and information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick® have made every effort to ensure that the material published here is accurate.

OptionsClick® takes no responsibility nor does it accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

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July 30th: Will markets find stability?

July 30th: Will markets find stability?

After the Chinese meltdown, markets got rather volatile. However, it does look like we are starting to finally get a bit of stability and therefore we could get a bit of continuation. With that, the markets will more than likely offer trading opportunities based upon technical setups. We do have German and American unemployment numbers coming out during the day, but they are minor ones, so we are anticipating that the markets will simply be more technical in nature.

Paris going higher

During the session on Wednesday, the markets broke well above the €5000 level in order to continue to go higher. With that being the case, the market looks as if it is going to continue to go higher. We are call buyers at this moment, and believe that pullbacks will be call buying opportunities on signs of support. Ultimately, we believe that the CAC will be one of the better performers.

Paris going higher

GBP/USD initially dipped on Wednesday, but find buyers.

The GBP/USD pair initially fell during the course of the session on Wednesday, bouncing off the 1.56 level to reach towards the 1.57 level. If we can break above the 1.57 level, we are buyers of calls. Pullbacks at this point in time that show signs of support would be call buying opportunities as well. We have no interest whatsoever in buying puts at the moment.

GBP/USD initially dipped on Wednesday, but find buyers.

WTI Crude Oil rallies during the session on Wednesday

We believe that the WTI Crude Oil market is getting ready to rally a bit more, but the $50 level above should continue to be rather resistive, so we are looking for resistive candles in order to serve buying puts again. We believe that the market will fail closer to the $50 level as it is so massively resistive.

WTI Crude Oil rallies during the session on Wednesday

 

Disclaimer

The material provided in this market review and the linked websites is for general informational purposes only and is not intended to be your only source of information when you are making financial decisions. This information is not investment advice nor a solicitation to buy, sell or make any type of investment decision in securities or any financial instruments offered by Optionsclick®. Optionsclick® is not a financial advisor. Opinions are the authors and information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick® have made every effort to ensure that the material published here is accurate.

OptionsClick® takes no responsibility nor does it accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

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July 29th: Markets continue to see volatility

July 29th: Markets continue to see volatility

Markets continue to see volatility as we march forward, but we have the FOMC Statement coming out today and that of course will move the overall course of the markets during the session today. With this, we look at several markets that have given a little bit of a bounce, but quite frankly look as if they are ready to eventually head back in the direction of the longer-term trend.

WTI bounces, offers put buying opportunity above

The WTI Crude Oil market bounced during the session on Tuesday, but with the Crude Oil Inventories numbers coming out today, we could have a catalyst to continue the longer-term trend. Regardless, we think that the $50 level above is massively resistive, and therefore we are buyers of puts on the first signs of exhaustion.

WTI bounces, offers put buying opportunity above

USD/JPY bounces off of 123

The USD/JPY pair bounced off of the 123 level during the session on Tuesday, as it looks like we are ready to continue going higher given enough time. We recognize that the 125 level above is resistance, but once we break above there we should have a longer-term “buy-and-hold” type of situation. With this, we are buyers of calls on short-term dips.

USD/JPY bounces off of 123

NASDAQ looks ready to bounce

If we can get above the 4560 handle, we would be buyers of calls in the NASDAQ as the levels below should continue to be supportive. With this, we are very bullish but we recognize that there could be a little bit of volatility. After the FOMC Statement, we could have enough volatility to finally break out to the upside and continue the longer-term move higher.

NASDAQ looks ready to bounce

 

Disclaimer

The material provided in this market review and the linked websites is for general informational purposes only and is not intended to be your only source of information when you are making financial decisions. This information is not investment advice nor a solicitation to buy, sell or make any type of investment decision in securities or any financial instruments offered by Optionsclick®. Optionsclick® is not a financial advisor. Opinions are the authors and information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick® have made every effort to ensure that the material published here is accurate.

OptionsClick® takes no responsibility nor does it accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

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