Tuesday, July 16, 2013

Pre-Market

Overnight it's been relatively low volume, relatively flat with a little chop (like the S. Florida surf report).

The only thing of interest right now seems to be the AUD/JPY which was up overnight, but didn't do much and I think it is set to start leveling off and coming back down a bit.

 ES flat through the overnight session

 The AUD/JPY  was up overnight...

The $AUD looks like it will bring the pair lower shortly as the pair has been the driver of market risk.

We may see some movement in what are rather light economic reports: Consumer Price Index @ 8:30, Industrial Production @ 9:15 and the Housing Market Index @ 10 a.m. with Esther George speaking in front of Bernie (tomorrow) at 2:15.


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