During the day on Monday, we get a couple of announcements, but really nothing to be overly concerned about. We have the NAHB Housing Index numbers coming out of the United States, and of course the EU Current Account numbers coming out of the European Union. With this, we are looking at the following 3 assets:

USD/CAD

The US dollar rallied during the course of the day on Friday, as the oil markets continue to soft in. With this being the case, the market looks very likely to continue going higher, as we are right on the precipice of a major breakout. Call buyers could be very encouraged just above.

Gold

Gold markets initially tried to rally during the course of the session on Friday, but dropped to form a fairly negative candle. The $1300 level below is massively supportive though, so it's not until we break down below there that the put buyers will actually start to take serious control. Any bounce or supportive candle in this area could incite call buying.

DAX

The DAX continues to fall, and quite frankly, is starting to test pretty serious support. So near the €10,200 level it appears that there is a bit of a “floor” in this market. A break down below there could send this market down to the €10,000 level based upon the bearish pressure, and the shape of the candle most certainly has put buyers very interested.