Manufacturing PMI from both Germany and France

During the day on Monday, we get Manufacturing PMI numbers coming out above Germany and France, but beyond that there isn’t much in the way of news to move the markets. Because of this, we believe that the markets will be fairly continuous of what we had happened during the Friday session.

EUR/GBP offers floor at the 0.77

The EUR/GBP pair continues to find plenty of support just above the 0.77 level, so we are willing to buy calls when this market pulls back as we continue to consolidate in a fairly reliable zone. These are short-term trades though, so be prepared to take profits rather quickly.

USD/CAD showing signs of strength

The USD/CAD pair rose during the course of the day on Friday, as oil is starting to fall over again. We believe that this pair will eventually break out to the upside and clear the 1.40 level and then possibly go above there. We are buyers of calls every time this market pulls back on a short-term chart.

FTSE rolls over

The FTSE rollover during the course of the day on Friday, as 6000 appears to be far too rich. At this point in time, we believe that the market will continue to go lower so we are put buyers as we continue the longer-term downtrend channel.