Daily Trading Opportunities - Thursday, June 22

During the Day on Thursday, We Get a Handful of Announcements That Can Move the Market, Not the Least of Which Is Going to Be the Initial Jobless Claims Coming out the United States, and of course the Canadian Core Retail Sales.

USD/CAD

The US dollar rose initially during the day on Wednesday, testing the 1.33 level. However, we pulled back slightly, so looks as if we are ready to continue the consolidation area, the 1.32 level underneath should be supportive.

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DAX

The German index fell slightly during the day on Wednesday, but continues the fine support just below. Because of this, value hunters will more than likely be looking to get involved in the market by purchasing calls. The €12,600 level looks to be especially supportive.

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USD/JPY

The US dollar initially fell against the Japanese yen but turned around to show signs of support. The 111 level looks to be an area where call buyers get involved, perhaps reaching towards the 112 level. It looks as if call buyers are getting aggressive.

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Disclosure: None.

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