During the day on Wednesday, we have Construction PMI numbers coming out of the United Kingdom, the ADP numbers coming out of the United States, and an interest rate decision coming out of Canada. We also have crude oil inventory numbers, so we have plenty of things that could move the market going forward.

EUR/USD offering put buying opportunity soon

The EUR/USD pair rose during the day on Tuesday, but quite frankly this is a market that is so oversold we simply look at it as value in the US dollar. We are waiting to see some type of resistant candle in order to serve buying puts, as we believe that will be the way this market trades going forward.

Silver continues to offer put buying opportunities

Precious metals in general look very soft at the moment, as we tried to rally in both the silver and gold markets during the day on Tuesday, only to fall back down. With this, we believe that anytime this market rallies on a short-term chart, it offers a put buying opportunity.

Germany goes sideways

Looking at the DAX, you can see we pulled back towards the €11,200 level, but found enough support there to bounce yet again. We believe that the market is simply consolidating at the moment as it continues to build up momentum to reach the €11,600 level. We are buyers of calls on short-term pullbacks as the uptrend it seems very much intact.