Macros are mixed this morning with crude holding and adding to early gains against a collapse in the Euro against the USD. This will hamper any exaggerated rally… I think that’s another reason to look at selling volatility.
Gold is trading 2.70 Higher sitting at 1,365.10. This is a solid upside move fighting off early negativity.
Crude is trading .80 Higher sitting at 84.56 as of 8:20 CST.
The Euro is .0167 Lower trading at 1.3116 versus the USD. This is a direct response to the Irish bailout and talk of impending problems with Portugal and extended problems in Greece.
The Yen is .34 Higher against the USD trading at 84.24.
