During the day on Thursday, the market has very little in the way of announcements to move the market, so having said that it is likely that that we will have a fairly subtle day with perhaps the exception of the GDP numbers coming out of the United States.
USD/CHF
The USD/CHF pair rose slightly during the course of the day on Thursday, but the 0.98 level above should continue to be very supportive. With that being the case, the market should drop from here and perhaps reach back towards the bottom again. With this, we are buying puts in order to take advantage of the downtrend if we clear the bottom of the candle for the day on Thursday.
FTSE falls
During the day on Thursday, the FTSE fell all the way down to the 6100 level but found enough support below to bounce, and it now looks as if we are simply going to consolidate in this area, and with this being the case the market should rally and reach towards the 6200 level. We continue to see volatility but this area seems to be fairly reliable.
Gold finds support
Gold markets fell slightly during the course of the session on Thursday, but found enough support below the $1220 level to turn things around and form a hammer. Because of this, the market should continue to go higher from here and therefore we are buyers of calls on a break above the top of the range for the day.
