US stocks closed for holiday but futures lower

Unwise to take signals on a holiday

The Martin Luther King holiday means US markets are generally closed and the ones that are open lack liquidity.

S&P 500 futures are trading and they're down 6 points at 1870 after rising as high as 1887 earlier.

The FX market is in a better mood with USD/JPY and the commodity currencies higher. It's one of those days where it's dangerous to try and draw conclusions from price action.