Oil is surging this morning for a change, up to $70.86, while gold has bounced back to $1127 from $1111 lows earlier this morning. The oil contract expires in a few days and that may be contributing to the volatility.
EUR/USD is bouncing back after a dip into the 1.4540s and now trades in the 1.4560s. Looks like a EUR/JPY order is setting the pace as USD/JPY retests Friday’s 89.80 highs.
Crossing the wires, Bernanke’s nomination as Fed chair will be voted out of committee on Thursday morning.
