June 2nd Daily Trading Opportunities
While there are other announcements during the day on Friday, certainly the Unemployment Rate and the Nonfarm Payroll numbers coming out of America will dominate all headlines. We are watching the following 3 assets:
USD/CHF
The USD/CHF pair rallied during trading on Thursday, but still faces a significant barrier just above. Because of this, put buyers could very well be attracted to this market going into the session and especially if the jobs number disappoints.
WTI Crude Oil
Oil continues to look a bit on the soft side, as we tried to rally initially on Thursday, but found the $49 level to be far too resistive. A break below $48 will more than likely attract the attention of more put buyers.
Gold
Gold markets try to break above the $1270 level, but pulled back a little bit during the day on Thursday. It looks as if the $1260 level continues to offer support though, so having said that it’s likely going forward that we will find call buyers. However, the jobs number can change things in an instant.
Disclosure: None.