1 – The markets have only a few announcements during the session on Thursday that could be vital, so really at this point in time we believe that the markets have more of a technical situation going forward. With Unemployment Claims coming out of the United States, pay attention to the S&P 500 and other stock indices might be important, but we think generally they showed enough interest to the upside during the session on Wednesday as we rebounded midday, in order to show that the buyers are still very much alive. We are all buyers in general when it comes to the US stock markets.

2 – Gold markets continue to fall, and we buy puts on short-term rallies. We think that the real support in the gold market appears somewhere closer to the $1000 level, so this trade should continue to work for some time. However, we are getting “long in the tooth” when it comes to the selloff, so we are short-term trading only.

3 – We believe that the EUR/USD pair will continue to have significant selling pressure after rallies, so we are looking for put buying opportunities. We believe that the 1.10 level will continue to offer significant amount of resistance, but we also recognize that there is a lot of volatility in this market at the moment, and with that we would be short-term traders only as the market will more than likely jump in fits and starts going forward as headlines across the wires, and quite frankly summertime illiquidity affects the way price moves.