During the session on Tuesday, we get a handful of announcements that could move the markets, not the least of which will be the German GDP numbers, the PPI numbers coming out of Switzerland, the PPI numbers coming out of the United Kingdom, as well as CPI coming out of London, and then of course we get the GDP numbers coming out of the European Union, and even more PPI numbers coming out of the United States. Adding to the drama, Janet Yellen will testify in front of Congress.

While this is more than likely going to be a very volatile session, we are watching the following 3 assets with keen interest:

Gold

Gold markets pulled back a bit on Monday, approaching the $1220 level. This is an area that could be rather supportive and attractive to call buyers. With all the announcements coming out today, volatility should be a mainstay of the market. On signs of support or a bounce, it’s likely that the call buyers will get aggressive.

USD/CHF

The 1.0050 level is currently being tested, and this is an area that cause quite a bit of resistance on Friday. If we can break above the highs from the Friday session, that could encourage call buyers to continue buying the US dollar against the Swiss franc.

DAX

The DAX shot higher during the day on Monday, and looks to test the highs at the €11,800 area. If we can break above the most recent high, this market should be free to go much higher, without a doubt heading towards the €12,000 level would be the most obvious play. Pullbacks should continue to offer value for call buyers.