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Looking at the upcoming Thursday session, there’s very little to move the markets, so we believe that with the exception of the British GDP numbers, it will essentially be a technical setup type of day more than anything else.

1 – That being said, the GBP/USD pair initially tried to rally during the course of the session on Wednesday, but fell back below the 1.54 level. By doing so, it ended up turning a fairly negative looking shooting star, and as a result we are put buyers on short-term rallies, as well as a break below the bottom of the range for Wednesday, as we could very easily head down to the 1.51 level given enough time.

2 – The FTSE had a positive session during the day on Wednesday, as we are now above the 7000 level again. However, we recognize that there is a bit of resistance all the way to the 7100 level, and with that we feel that the market breaking above there would be a massively positive turn of events. At this point time though, we have no interest whatsoever in buying puts, and it remained generally positive of this market.

3 – Silver markets went back and forth during the course of the day on Wednesday, testing the $16.50 level. This is an area that has been supportive in the past, and we believe it will continue to be going forward. With this, we can break the top of the range during the session on Wednesday, we believe that this market then heads to the $17.00 level.