Friday, December 17, 2010

Morning Madness

  • Futures are currently trading flat
  • No economic reports due today
  • EUR/USD had a good bounce yesterday but has undergone a sell off over night
  • GBP/USD bounced off of support but is currently trading at that level 
  • USD/JPY still having problems with resistance at 84.41
  • Markets were strong into the close yesterday and could carry over today
  • Options expiration today so markets could be erratic 
  • Stay away from trading in the first 15-30 minutes
  • Bears still need to close under 1227
  • Bulls trying to claim 1246

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