February 27th Daily Trading Opportunities
The session on Monday has very few announcements during the European Union trading hours that should move the market, so it appears that we should wait for the US Core Durable Goods Orders number in America to see any volatility due to headlines, and of course we should also keep an eye on US Pending Home Sales numbers.
Gold
Gold markets rallied a bit during the day on Friday, as we have cleared the $1250 level. Because of this, call buyers will more than likely flood into the market, and pullback should only offer value.
USD/CAD
The US dollar continues to consolidate, but found enough support at the 1.3050 level to turn around and show signs of life again. Because of this, looks as if the USD/CAD pair will attract call buyers in this general vicinity, and perhaps reach towards the 1.32 level again that has been so resistive.
FTSE 100
The FTSE 100 fell rather hard during the day on Friday, but quite frankly this is a strong uptrend still, so signs of support near the 7200 level should bring out call buyers as the longer-term uptrend continues. Value hunting is very likely what a lot of call buyers will be looking towards over the next couple of sessions.
Disclosure: None.