Sunday, November 25, 2012

Opening Trade

So far opening trade in futures and FX is not earth-shatteringly exciting and as always, there's a lot that can happen overnight with Europe opening in several hours, the US pre-market and of course the big momentum move on the US open, but so far this is what the markets look like...


 ES (S&P mini Futures) are down about 5.5 points from Friday's close thus far with a negative intraday/overnight divergence forming so far.

 The EUR/USD showing last weekend's open and today's open, still just below the psychologically important $1.30 level.

A closer view of the pair, with a slight gap down and a bit below Friday's close.

All in all, not much to get too excited about yet, but we still have a long overnight session.

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