Could be a long afternoon

Not a bad morning, considering it is a partial holiday in the US. The afternoon is shaping up to a snoozer if the last hour is any indication. Price action is firm in equities and commodities still and dips are mild, holding above 1.4775 in EUR/USD.

I’m keying off of 1080 in the S&P this afternoon; a break higher late in the day could trigger another round of risk-assumption/dollar weakness. EUR/USD trades quietly at 1.4795.