Today is the ultimate mixed bag. Stocks are down (Dow -120), but so are oil prices(-0.30). The buck is a shade firmer after a mixed home sales report which saw a rise in sales but a fall in prices and a rise in inventories to record levels.

EUR/USD is off earlier highs above 1.4800, trading now at 1.4782. A grrod day to go to the beach, it looks like.