During the session on Wednesday, most of the announcements that will move the marketplace or later in the day, coming out of the United States and Canada. We get the Crude Oil Inventories announcement, and interest rate decision coming from the Bank of Canada, and Existing Home Sales coming out of America as well.

USD/CAD

The US dollar fell during the session on Tuesday against the Canadian dollar, mainly in reaction to rising oil prices. If oil continues to rise, it’s possible that put buyers may continue to jump into this market place as 1.35 should then offer a certain amount of psychological resistance.

FTSE 100

The FTSE 100 tried to rally during the session on Tuesday, but continues to find the 7500 level above as resistive. Because of this, it looks as if the market will probably have to pull back to build up enough momentum to finally break above that psychologically significant level. Clearly though, the call buyers have been aggressive.

USD/JPY

The US dollar fell slightly during the day on Tuesday, as we continue to see support just below. Because of this, it’s likely the call buyers are waiting underneath to try to take advantage of value.