During the session on Monday, the Retail Sales numbers come out of Germany, along with CPI numbers in the European Union. With this, we will focus on a lot of European trading during the session, although we cannot forget the US as well.

GBP/USD pair falls during the session

The GBP/USD pair broke down during the course of the session on Friday, as we continue to plunge below the uptrend line that has kept this pair afloat for the entire summer. With this, we feel that it’s only a matter of time before the market continues to break down again, and as a result we are buyers of puts on short-term rallies. We have no interest in buying calls in this market currently.

DAX pulls back on Friday

The DAX pulled back during the session on Friday, but we believe that there is plenty of support below, especially near the €10,000 level. With this, it’s only a matter of time before the buyers step back into this market as far as we can see. We are buying calls on supportive candles, and we still anticipate that the DAX is going to head towards the €11,000 handle

Silver tries to rally during the session on Friday but fails

Silver markets tried to rally during the course of the session on Friday, but as you can see pullback and ended up forming a shooting star. That shooting star signifies that we could fall from here so therefore if we break down below the bottom of the shooting star we are buyers of puts as the summer markets are so soft.