During the day on Friday, we get a couple of announcements, but quite frankly it’s not that big of a deal as far as volatility is concerned more than likely, and with that we are taking a look at a couple of assets during the day.
Silver rallies
The silver market rallied during the course of the session on Thursday, breaking above the top of the hammer from the Wednesday session. By doing so, we got above the $15.20 level, which is a significant resistance barrier. By doing that, it looks as if the market is trying to grind towards the $16 level.
GBP/USD finds support
The GBP/USD pair fell initially during the course of the session on Thursday, but turned right back around to form a bit of a supportive candle. It looks as if the 1.40 level below is supportive, and the 1.45 level above is resistive. With that being said, we could be trying to build up enough support here for yet another bounce.
French markets grind lower
During the session on Thursday, the CAC fell yet again as the €4300 level looks to be resistive. That being the case, the market should continue to see quite a bit of bearish pressure, but we do recognize that the €4200 level below has offered quite a bit of support below.
