$Index futures is down as all currencies but the ¥ are higher. The BRIC currencies are also higher lead by the Yuan. USDMXN is 19.3537 -0.0868 (-0.4465%, USDCOP is unchanged at 3,457.49 and USDBRL which closed at 4.1100 is valued at 4.0926 on the CME.
Bond futures continue to slide. Metals are on the defensive in spite of a weak $ possibly because of the strong equities. Oil is higher as are all the softs.
The market has been overwhelmed by what appears to be new spec shorts. Volume yesterday was 70,908 lots with 73% outright volume in Dec and 43% in the total indicating front selling and forward buying linked by spreads. Forward buying was likely consumer driven by some extent and there was no forward selling as origin sells strength.
« Back to index