Daily Trading Opportunities - Friday, June 16

During the day on Friday, we have a massive amount of economic announcements coming out, just as we did on Thursday. However, there is the possibility that the markets may be a bit exhausted after all of that news. With this being the case, we watch the following 3 markets:

USD/CAD

The US dollar rallied against the Canadian dollar, breaking the top of a hammer on the daily chart. This is a very strong technical signal, and more than likely will track call buying.

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Gold

Gold has fallen apart over the last couple of sessions, and now looks likely to break below the $1250 level. If it does, that should only increase put buying in what looks to be a very bearish move.

(Click on image to enlarge)

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Apple

Apple continues to bounce around the $145 handle, however it looks as if call buyers may be defending this region, with the $144 level offering support. As long as we can stay above there, it’s likely that they will return.

(Click on image to enlarge)

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Disclosure: None.

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