The SPX 500 is down about 7 points from the S&P 500 (as of 8:45am). Earlier this morning we had the release of the ADP Non-Farm Employment change, which came in less than expected. (119k Actual VS 178k expected).
S&P has upgraded the credit rating for Greece to triple-C from selective default. This is due to the fact they finally completed the bond swap. The EUR/USD is now sitting at 1.3130 area as we head into the NY open.
This evening we have the Unemployment release for NZD at 6:45pm. Volatility should pick up with tomorrow’s US Unemployment release along with the ECB Press Conference. Be sure to stay under-leveraged if these releases are off estimates as we could see some spikes.
