Markets find stability

Markets asserting to find stability during the session on Tuesday and Wednesday, and with that being the case, the market in general calm down, we returning to the previous trends and as a result we will look to the charts for trading opportunities, although we do recognize that the German and the US employment figures will come into the marketplace.

Euro looking for buyers at 1.10

The EUR/USD pair fell a bit during the session on Wednesday, but we still believe that the 1.10 level should continue to be an area that buyers could step in and take advantage of value. With this, on a bounce or a supportive candle in that area of the 1.10 level we would be buyers of calls. We believe that the Euro will probably continue to try to reach higher. On the other hand, if we did break down and close below the 1.10 level on a daily close, we would be buyers of puts and aiming for the 1.08 handle.

CAC shows promise

The Parisian index rose slightly during the course of the session on Wednesday, breaking above the €5000 level. With this, the market looks as if it is ready to continue going higher, so we can break above the top of the candle for the Wednesday session, we are buyers of calls. We have no interest whatsoever in buying puts, at least not until we get well below the €4900 level.

Dow Jones Industrial Average looking strong

The Dow Jones rose during the course of the session on Wednesday, showing that the buyers are still around. With the Chinese stock markets breaking down, it sent shock into the stock markets around the world. However, we do look like we are getting ready to go higher, and that the market should eventually head back towards the top of the consolidation area, somewhere near the 18,100 level.