With the Philadelphia Fed Manufacturing Index coming out during the session, as well as the Initial Jobless Claims, it’s likely that we will see a lot of focus on the United States today. With this, we are paying attention to several different markets, with a particular interest in America.

USD/CAD

The US dollar rallied again during the day on Wednesday, testing the 1.3450 level. If we can break above there, it makes sense that call buyers might be attracted to this market as it would show a gain in momentum to the upside.

USD/CHF

The US dollar bounced slightly against the Swiss franc during the day on Wednesday, using the 0.9950 level as support. If we can break down below that level, the put buyers should be attracted to this market, but otherwise we could see call buying reaching towards the 1.0050 level again.

Gold

Gold markets fell slightly during the day on Wednesday, but continue to find support at the $1280 level. Because of this, on short-term pullbacks it appears that call buyers are coming back into the fold. The $1300 level above being broken would be an extraordinarily bullish sign.