The SPX 500 sits about sits about 4 points lower (as of 8:20am EST) than yesterday’s close on the S&P 500. This morning France had a bond auction that had slightly higher yields than the last auction, but not enough to spur any downgrade threats by rating agencies yet.
The Australian Trade Balance was released last night that came in lower than estimates hinting at a slowdown in China’s economy. Today’s economic calendar is packed with releases and an interesting one will be when Hildebrand speaks at 10:00am EST considering his wife placed a trade prior to the EUR/CHF floor peg.
As equities continue to decline we will see traders shift into the USD. Be sure to use proper leverage as we could see some large moves today.
