Advance Look At Tonight's Futures Creep Up
Just because the regular US market is closed doesn't mean the ever vigilant futures traders are not HiFTing the living daylight out of the any and all nanopoint trends they can find. And already the market, in the complete absence (literal, not metaphoric) of any volume, has managed to recoup a major portion of Friday's "sell the JPM and INTC news" losses.
And even as the ECB and other European dignitaries realize just how big a hole they dug themselves into courtesy of the Euro, with Dutch finance minister Wouter Bos saying "they are very much aware that they will in the
end have to solve the situation themselves" the euro simply refuses to go down, which in tried and true momo fashion means the dollar is about to retest the 77 support.
The currencies holding well today are those with non-near term default inducing debt/GDP ratios.