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During the day on Thursday, we will have GDP numbers coming out of Great Britain, and that of course will be a very important to the British pound and the FTSE, but at this point in time we think that most of the markets will simply be consolidative, and mainly because the jobs number comes out on Friday. Because of this, the market should favor quite a bit of volatility and probably not go anywhere for longer-term moves. Given enough time, we won’t probably get a very quiet session at the end of the day as we await that vital announcement.
1 – We still prefer to the precious metals in general, so that’s probably going to be the safe haven of note during the day. Ultimately, the market will go higher when it comes to precious metals, as the US dollar will continue to suffer at the hands of a few less interest-rate hikes from the Federal Reserve. With that being said, we will probably be very selective in our trading, and as a result it’s very likely that this market is going to be difficult to find a lot of trades and during the course of the session.
2 – With this, it will probably be a market where we look for longer-term trades, and it’s likely that not only precious metals will be supported by the Federal Reserve, but it is possible that a lot of the stock markets around the world will be as well as interest rates continue to fall.
