Share prices are down around a half-percent in early trade, dipping below the key 872/875 region. I’d suspect we close signficantly clear of those levels this afternoon; in which direction I have no clue. My 401K has a rooting interest, however.
Options-related interest is seen keeping EUR/USD range-bound until 14:00 GMT, but IDM figures will likely give us some direction near-term. If it does not confirm the “gree shoots” of recovery, look for risk aversion to rise and EUR/JPY to take a hit. 38.0 is the median forecast. Durable goods orders are due as well, seen falling 0.8%.
