CPI numbers

Looking at the trading session for Tuesday, CPI numbers come out of both the United Kingdom and the United States, so this of course gives us the opportunity for plenty of volatility in the stock markets traded in London and New York. With this, we will look to stock indices for most of her trading opportunities.

FTSE looks supported

The FTSE bounced off of the 6050 handle, and ended up forming a bit of a hammer. If we can break above the top of the range during the session on Monday, we believe that it is a call buying opportunity, as the market should then reach towards the 6300 level given enough time.

Germany looks ready to bounce as well

The DAX fell pretty significantly during the course of the day on Monday, perhaps in reaction to the Paris terror attacks. However, the reaction was overdone and we ended up bouncing enough to form a bit of a hammer. If we can break above the top of the range for the day, we think that it is a short-term call buying opportunity as the market should then reach towards the €11,000 level.

USD/CAD continues to drive higher

The USD/CAD pair broke higher again during the session on Monday, as it continues to go higher. Ultimately, we believe that this market is offering call buying opportunities, and it’s only a matter of time before we reach the 1.3450 level. On top of that, we believe that we will reach towards the 1.35 level and beyond.