Friday, December 3, 2010

Morning Madness

TGIF everyone!

Great day yesterday but rough morning today.  Bunch of reports was just released and not a one of them was positive.  Unemployment numbers were all a miss.  Futures instantly sold off but only slightly.  We could see a bunch of dip buying here so the day could end positive.  I wouldn't expect a break of 1200 if we do end the day down.

Currency pairs are all moving pretty big.  EUR/USD and GBP/USD are both up considerably, and USD/JPY is just falling off the map. 

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