The SPX 500 sits about 9 points lower than Friday’s close on the S&P 500 prior to the US open. The rally on Friday has led to a lack of confidence and rising bond yields. As investors look for a spot to park their investments the USD will continue to rise as it is safe haven for liquidity. The EUR/USD is approaching the 1.32 area, be sure to watch for any rumors out of Europe that will move the markets. Be sure to watch the USD if it can break the 9,971 area and continue its gain after the European close.
