During the session on Wednesday the unemployment figures coming out of the United Kingdom will take center stage. This will be especially interesting considering that we should now be seeing some effect from the vote to leave the European Union. So far, the effect on Great Britain has been relatively negligible. After that, we get crude oil numbers which of course will move the petroleum markets and then eventually the stock markets in Australia could get a bit of a jolt from employment numbers coming out of that country. The same can be said for the Australian dollar.

Gold

One of most confounding markets right now is the precious metals space as silver bankers continue to go back and forth on their opinion of interest-rate expectations. Because of this, it’s been difficult to find a longer-term trade in the precious metal market. However, we are approaching fairly significant support in the gold market, so call buyers could very well be tempted to enter at the first signs of stability.

AUD/USD

The Australian dollar suffered a bit of selling pressure during the day on Tuesday. However, we are approaching a relatively supportive area, so a bounce in this general vicinity would not be out of the question. This will be especially true the jobs number comes out relatively strong.

British Petroleum

Obviously, with the crude oil inventory number coming out during the day, there will be a bit of an effect on oil-producing stocks. British Petroleum is currently facing quite a bit of downward pressure, but we are getting towards support near the $33 handle. A positive sign in the inventory numbers could be just the reason call buyers need to get involved.