No Real Surprises on the open

I think the only small surprise is that the Futures and market didn't open a bit lower after last night's move in the EUR/USD which again is a headline, "EUR/USD at new low" but again isn't as big of a deal as the headline makes it out to be.

 Here's where EUR/USD was as of yesterday's 4 p.m. NY close and the new overnight low to the right.


 Here's the same pair since the 9:30 open and the market is pretty much in sync with the FX pair.

Yesterday I said I wouldn't be surprised to see a dip down a bit lower as "V" reversals are pretty uncommon, but so far everything looks about right as far as the opening and confirmation of where the market opened.