During the day on Friday, we get the Nonfarm Payroll Numbers coming out of America, and needless to say that is going to be a very volatile session as these days typically are. That being the case, short-term trading will probably be the theme of the day, having said that it’s likely that the markets will offer plenty of trading opportunities back and forth, but it will only be for the nimble.

1 – Currently, looks as if precious metals do have quite a bit of support underneath them, but today will be volatile. If the US dollar start falling, it’s likely that traders will jump into the precious metals markets in order to protect wealth. Ultimately, it is a market that could offer quite a bit of opportunity, and as a result it will be one that we watch very closely.

2 – It looks as if the US dollar is strengthening ahead of the Nonfarm Payroll numbers, but quite frankly if they disappoint the markets, the US seller could be turned back around and that of course could lead to trading opportunities going forward. Longer-term though, the markets look like they are in a precarious position when it comes to the US dollar as it has been sold off rather decisively as of late.

3 – The European indices tried to rally during the day on Thursday, but failed and turned right back around. It looks as if we are still going to have a bit of weakness in European stocks going forward. The call buyers simply do not have enough conviction to let this market at the moment.