Today we have announcements coming out of Switzerland, Great Britain, and Canada that could move the markets, not to forget the granddaddy of them all – the Nonfarm Payroll Numbers coming out of the United States. Because of this, we are watching several different markets at the same time.

Gold

Gold markets of clearly broken down again, and it appears that there isn’t much to support them. The US dollar continues to strengthen overall, and on the longer-term charts it appears that there isn’t much in the way of support into we get all the way down to the $1100 level. Short-term rallies will more than likely offer put buying opportunities.

DAX

The German index pullback again during the day on Thursday and looks as if it is trying to roll over towards the €10,500 level. This is still a well supported market, but at this point it looks as if it is trying to find enough support to finally make the move higher. Sooner or later, call buyers will return but at the moment looks as if the market is a bit soft.

EUR/USD

The Euro tried to rally on Thursday, but as we’ve seen time and time again, there was no sustainability that I move. Because of this, rallies continue to attract put buyers as the 1.05 level below will continue to be tested for support.