During the Friday session, there will be almost no announcements that are worth paying attention to, with perhaps the one outlier being the European Retail Sales number. With that being the case, we feel that the market will be focused on European stocks and the Euro itself. The Americans will be away as the Independence Day holiday gets kicked off. With that, we feel that the trading session will be very short in general.

1 – Looking at the EUR/USD pair, we bounced slightly, perhaps due to the softer than anticipated jobs number out of America, or just simply continuation of the uptrend. Either way, we believe that there is a nice floor down at the 1.10 level, and therefore we are call buyers going forward.

2 – Looking at the WTI Crude Oil market, you can see that we did bounce and it appears that we are going to continue to consolidate. We believe ultimately this market then goes to the $62 level, and as a result we are call buyers as this market should continue to support job sideways as it typically will do during the summertime.

3 – Finally, the DAX tried to rally initially during the day, but pullback to form a slightly negative candle. We think that there is plenty of support below though, especially near the €10,800 level, so we think this pullback will only end up being a decent opportunity to pick up value. This could be initially due to a slightly strengthening Euro, but at the end of the day we believe that there is still more upside in this market.