Quiet

With Japan closed today and China out most of the week for the Chinese Lunar New Year, the topic of the race to the bottom in currency devaluations at the G-20 this week (starting today) is not likely to gain much traction with Japan being public enemy number one at the moment and the EU having stepped in to the mix last week with Draghi's supreme slamming of the EU economic climate rather than pushing through a rate cut.

Today is also very slow for macro Eco-Data the world over.

There were some interesting Human/Life stories overnight, but as far as the market went, with the exception of some swings in some currency pairs, ES was and remains exceptionally flat from the overnight session, usually this changes on the open with the initial stop/order run especially on Monday's.

We'll have to wait and see of the market has any plans of its own up its sleeve in this quiet environment.