United Kingdom interest-rate announcement

The biggest announcement that we have at the moment is the United Kingdom releasing its interest-rate announcement, but we also have a couple of minor announcements coming out of the United States. With this, we could get quite a bit of trading opportunities around the world.

S&P 500

The S&P 500 tried to rally again during the day on Wednesday, but as you can see we turned back around in order to form a bit of a shooting star. The shooting star of course is a very negative sign, and as a result we will more than likely continue to go lower. The 1900 level continues offer support, so short-term put buying should continue to be the way going forward.

EUR/USD

The EUR/USD pair initially fell during the day on Wednesday, but tested the 1.08 level as support and found buyers of calls in that general vicinity. With that being the case, the market looks as if it is ready to rally from here, perhaps trying to reach the 1.0950 level. Short-term call buying opportunities could present themselves for short-term traders, but eventually the selling pressure and that buying will reenter the marketplace just above.

Silver markets explode

Silver markets absolutely exploded to the upside, as we broke above the $14 level. Because of this, looks as if the market is trying to reach towards the $14.40 level, where we would anticipate seeing quite a bit of resistance. That being the case though, the market is a very interesting place at the moment as the gold markets are suddenly showing strength as well. Short-term call buying opportunities could be offered, but at this point in time they will be short-term only.