Stocks...
Spu’s….1931 is un changed on the month. There have been two 10 point rallies since the Asian opening which have been met with selling.
Bonds..
30 yr….(June M) 165.28-165.02 is near resistance and today’s upside pivot.
FX…
EUR/JPY…is oversold although direction should remain going into the end of day
to as low as 121.76.
Yen (JY6H)…88.74 is today’s resistance. 112.75 USD/JPY.
EURO…108.61 is the 2015 close.
Commodities…
Oil…is trading either side of it’s 50 DMA @ 32.58. This will take into the U.S. session
to see whether is retests 31.75 or stages a rally to attempt another run and close higher on the month @ 33.74
General Comments or Valuable Insight.
Short Euro Long Yen or Gold are two spreads that can get pushed into London’s close for month end markings.
Today’s closes and the price action starting in tonight’s Asian session are more important for direction than anything that happens during today’s U.S. session.