During the session on Thursday, it’s likely that we will have a little bit of volatility when it comes to Great Britain due to the fact that we have GDP numbers coming out, but beyond that there is not much in the way to move the markets due to the fact that we have the nonfarm payroll numbers coming out tomorrow.
Silver
Silver markets went back and forth during the course of the session on Wednesday, and as a result it looks like we are bit confused. If we can break above the top of the session for the Wednesday trading, it’s likely that we will continue to go higher and we would be call buyers as the market should then reach towards the $16 level above. With no interest in buying puts.
FTSE rallies
As far as the FTSE is concerned, we have seen quite a bit of strength, and as a result we have tested the top of the consolidation area yet again. If we can break above the top of the range for the session on Wednesday, we would be call buyers as the market should then reach towards the 6300 level. Pullbacks from here should be well supported by the 6100 level.
USD/CAD breaks down
The USD/CAD pair broke down during the course of Wednesday, and it now looks like the pair is ready to go much lower. On a break below the bottom of the range for the Thursday session, expect this pair to continue to go even lower.
