The SPX 500 sits about 6 points lower (as of 9:05am EST) than Friday’s close on the S&P 500. The bearish sentiment has taken place as we lose optimism in the Greece’s debt deal. We continuously receive news that the deal will be closed tomorrow.
The EUR/USD is currently sitting around 1.3040 and AUD/USD at 1.0721. The outcome for Greece will outweigh any economic data that is released today. The AUD/USD has had a great run for 2012 so far. However, tonight we have the RBA Rate Statement and Cash Rate at 10:30pm EST. If rates are slashed along with declining optimism out of Greece, we could see a decline.Use proper leverage and watch out for rumors that will shift the markets.
http://bbfx.com/blog/spx-500-monday-02-06-12
