The session on Thursday features Manufacturing PMI numbers coming from both the European Union and the German economies, so it seems very likely that the markets will be tilted towards earlier trading than anything else.

DAX

German markets had a slightly positive session on Wednesday, but still look a bit weak. We need to hold on to the €12,000 level to continue the uptrend, so at this point in time one would have to think that a lot of traders are on the sidelines. A break above the highs from the session would be bullish though, and more than likely sing call buyers into the market immediately.

GBP/USD

The British pound rallied slightly during the day on Wednesday, but is currently taking a bit of a breather after the massive move higher earlier this week. Because of this, short-term pullbacks will more than likely attract more call buying.

Gold

Gold markets continue to bounce around the $1280 level, slowing down the dissent during the day on Wednesday. Because of this, break above the top of the candle probably sends a lot of call buying into the market, but the real support seems to be a bit lower so put buyers may have the upper hand for the immediate short term.