Daily Trading Opportunities: May 30th
anyoption | May 30, 2017 01:13AM ET
During the session on Tuesday, we get a handful of announcements that could move the marketplace. We will see CPI numbers coming out of Spain and Germany, as well as inflation numbers coming out of the EU. PC numbers come out of the United States, as do personal spending numbers. There should be plenty of volatility during the day.
USD/CAD
The USD/CAD pair has been very volatile as we continue to bounce around between the 1.34 level on the bottom, and the 1.35 level on the top. This being the case, it’s likely that the sellers will jump back into the market near the 1.35 handle, while buyers will continue to be attracted to the 1.34 handle.
WTI Crude Oil
The WTI Crude Oil market is targeting the $50 level currently, and a break above that level could be bullish. However, if the market breaks down below the $49.50 level, sellers may be interested in trying to drive the market down to the $48.50 level.
DAX
The German index fell slightly during the day on Monday, but continues to find support near the €12,500 level. Because of this, buyers will more than likely continue to be attracted to the market.
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