With a handful of announcements that we get during the session on Thursday, we could get some volatility. However, most of these announcements aren’t very far-reaching in their scope, so odds favor a continuation of the previous trends.

DAX

The German index initially dipped on Wednesday, but continues to find call buyers every time we pullback. It looks as if that’s going to continue to be the case, and a breakout is all but imminent. On a move above the €11,700 level, it’s likely that the call buyers will get aggressive.

Gold

Gold markets are looking a bit exhausted during the day on Wednesday, with the $1200 level looming large above. This is an area where a lot of resistance could be found, so therefore put buyers seem to be emboldened buying this move. On signs of weakness, they should continue to be attracted to this market.

USD/CAD

The US dollar seems to be forming a bit of a base out the 1.32 level against the Canadian dollar. On a move above the 1.33 handle, call buyers will more than likely jump back into this market full force. Alternately, a move below the 1.32 level could send the market looking for the 1.31 handle.