During the day today, we get the University of Michigan Consumer Sentiment numbers, and of course the Core Retail Sales numbers out of the United States. Because of this, it’s very likely that the market will continue to focus mainly on the United States, but there will be trades to be had all around the world.

CAC

During the day on Thursday, the CAC fell rather hard, but there is a significant amount of support just below so it’s likely that sooner or later the call buyers could get involved. In fact, support seems to run all the way down to the 4300 level.

USD/JPY

The USD/JPY pair initially tried to rally during the course of the session on Thursday, but turned around just below the 105 level to form a slightly negative candle. With this being the case, is likely that we could get a little bit of a pullback but in the end there seems to be quite a bit of bullish pressure underneath so one would have to think that the call buyers will get involved.

Gold

Looking at the gold markets, we continue to grind back and forth, and as a result it looks as if the market will continue to respect the $1240 level below as support. On top of that, it appears that sooner or later the $1280 level above would be resistance. Once we get above the $1280 level though, call buyers will more than likely be encouraged.