During the day on Thursday, the employment numbers coming out of Germany and France will give us a little bit of insight into the European Union, just as the employment figures come out of the United States will give us an insight into the direction of the United States. Beyond that though, it’s likely that this market will be fairly benign.

DAX

If we can break above the top of the range for the session on Wednesday, it’s very likely that the DAX will continue to go much higher, perhaps pulling back would also give the market an opportunity to find value and start buying at that point in time. With this, call buyers could very well be interested in the DAX going forward, especially if the jobs number out of Germany is fairly strong.

Silver

Silver markets rose during the day on Wednesday, bouncing off of the $19.50 level which has offered quite a bit of support several times now. With this, market should then try to reach towards the $20.50 level. We continue to consolidate, which is quite often the case after an impulsive move higher. With this, it would not be surprising at all if call buyers are aggressive yet again.

USD/CAD

The USD/CAD pair initially tried to fall during the course of the day on Wednesday, but turned back around to form a bit of a hammer. A break above the top of the hammer would be a bullish sign, and could bring call buyers back into this market, especially if the oil markets start falling.