Thursday, February 6, 2014

Pre-Market

Pre-market seems to be a non-event for the most part, yes there was some volatility with Draghi failing to provide any policy accommodation of any kind and not even really attempt to Jawbone for the lack of it.

Initial Claims came right in at the 2 month moving average so I REALLY doubt anyone cared much about them.

It's difficult this morning, like yesterday to pick up anything in the market, there was some USD weakness around 8:30
 There it is...
However probably the most notable chart this morning is the USD/JPY...
 Again it is supported, this seems to be more revealing than most anything else the last 24 hours.

This is ES pre-market, reactions to the ECB, perhaps IC, but it could have been Draghi's press conference as well, so far pretty much in line and we are ready to gap up.

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