The market is in a foul mood to start the session in New York. All the safe-haven currencies (USD, JPY, CHF) are in demand once again as Greek spreads blow out to record wides despite all manner of support from the EU/IMF and most importantly, the ECB. Equities are under pressure on both sides of the Atlantic and jitters over a potential geopolitical showdown between Israel and Iran are a factor as well.
US jobless claims are expected to stay stubbornly high when released short. 460,000 is the forecast. Durable goods are expected fall 1.4%.
