Stocks are back in the black, oil is down only $0.20 (versus $2 early in the day) and US yields have eased back to the middle of the days range after falling first thing in New York and rising after rumors of a discount rate hike and a shift in language from the Fed swept through the markets.

Markets are at mid-range, busy going no where fast. EUR/USD lies at 1.3585 after partially filling the gap from Monday’s Asian open, down to 1.3545.