During the day on Tuesday, we don’t get much in the way of economic announcements, with the CB Consumer Confidence numbers and the Services PMI numbers leading the charge. With this, we expect a fairly quiet day but do have the following 3 assets in mind:

Gold

Gold markets rally during the course of the session on Monday slightly, but at this point in time have yet to break out. Eventually, the call buyers very well could take over and as a result on a move above the $1350 level, it will probably encourage the call buyers quite drastically.

DAX

The German index fell rather hard during the day on Monday, and with the impulsive and fairly long red candle, it very well could encourage put buying from here. With this, it’s likely that rallies will probably attract put buyers looking for value, and it now appears that the next major support level is somewhere closer to the €10,200 level.

USD/CAD

The US dollar try to rally during the course of the day on Monday against the Canadian dollar, but it has turned back around to form a shooting star. The shooting star of course is a negative sign, so at this point in time it’s very possible that put buyers will get involved for short-term trading.