Daily Trading Opportunities – Thursday, May 18

On Thursday, we get a couple of announcements that could play up the volatility of the market, with the first one being the British Retail Sales number, and of course the Philadelphia Fed Manufacturing Index numbers coming out of the United States giving us something to think about during that timeframe.

USD/CAD

The US dollar continues to find the 1.36 level interesting, and with this being the case we could get a bit of a bounce if the call buyers get a bit more aggressive. We have been in an uptrend longer term, so more than likely we will see some interest.

USD/JPY

The US dollar rolled over against the Japanese yen, reaching towards the 112 level. However, this is an area that has been massively important several times in the recent past, so if we can stay above there for a significant amount of time, that may embolden call buyers to pick up this pair based upon value.

FTSE 100

The footsie pulled back a bit during the day on Wednesday, but still has plenty of support underneath. At this point, on signs of a bounce it’s likely that the call buyers will return to continue to push the market higher.

EUR/USD: Above the 1.1100.

The Euro advanced against the US Dollar, for four consecutive sessions. Buyers of call options might be interested for the market as the pair is trading above the 1.1100. Alternative, a reversal downward move could offer opportunities to the buyers of put options.

USD/JPY: Break below the 112.00.

We observed a break below the 112.00 for the currency pair USD/JPY, according to the last trading session of Wednesday. A continuation move to this trend, might attract the buyers of put options. On the other point of view, a reversal upward move, might will be an opportunity for the buyers of call options.

DAX30: Weakening

The German Index DAX30 declined from the area of 12800.00 during the session on Wednesday. Buyers of put options might be looking for an opportunity. Contrariwise, a reversal upward move might be an opportunity for the buyers of call options.