Pre-Market

The overnight session was split between almost nothing happening in futures and some movement, the real movement however like yesterday was a nearly 100 pip move in EUR/USD, except last night it was to the downside rather than up,it did not however, have the same effect on futures.

 Here's yesterday's 4 pm EDT close and EUR/USD coming down about 100 pips overnight, just as it went up 100 pips Wed/Thursday before yesterday's open.

 ES (SPX Futures) haven't moved much at all, they closed near 1476 at 4 pm yesterday, right where they are now with the SPX set for small gap up.


NASDAQ futures did see more movement as they closed at 2741 and are now trading around 2734.

So we had a lot of movement in FX, some movement in NQ and in true op-ex style, almost no movement in ES. Of course Intel's earnings most probably didn't help the NASDAQ.

I'm not sure there was much overnight data that moved US markets; China had a huge drop of macro economic data with a bunch of "just better than" consensus outcomes, which is something China has been mocked for-"Goal-seeking" outcomes in the data.

Japan looks set or at least the BOJ, to announce unlimited asset buying until inflation is contained at 2 % while China will engage in reverse repos on a 7 day time horizon to control inflation across the economy.

Now, typical op-ex boredom or?