With a slew of US announcements during the day, we think that most of the market will focus on America. However, there are trades over the world as usual, and we will look at a few here.
Silver continues to find support
Silver markets continue to find support somewhere near the $15 level, so at this point in time we think that short-term pullbacks are short-term call buying opportunities. We have no interest in buying puts and believe that eventually we will try to reach towards the $16 handle.
EUR/GBP continues to look strong
The EUR/GBP went back and forth during the course of the day on Thursday, as we reached new highs. We believe that this market continues to go higher, so therefore we are buyers of calls as this market should then reach towards the 0.80 handle.
WTI Crude Oil grinds
The WTI Crude Oil market went back and forth during the course of the session on Thursday, as we continue to see quite a bit of volatility. Ultimately the markets look very much like they should continue to see quite a bit of back and forth trading but we still believe in buying puts overall.
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