The SPX 500 sits about 2 points higher than Monday’s close on the S&P 500 (as of 8:00am). Overnight we had the RBA (Reserve Bank of Australia) cut rates by 50 basis points, expectations were for only 25 basis points.
Euro zone has a holiday and there isn’t too much scheduled for today other than US ISM Manufacturing at 10:00am.
Meanwhile the NZD/USD remains stuck in a range from the 23.6 Fib retracement (0.82318) down to the 0.81300 area. Be sure to watch this pair if it tries to make a rebound with equities.
