Entering a holiday long weekend in the U.S. and Canada markets are quiet with the focus having shifted temporarily away from Greece to the better than expected European GDP releases. Equities are strong, the U.S. 10-year yield is at 2%, WTI oil prices are again flirting with an upward break their 50-day MA at 52.46, and the USD is mixed. The Scandinavians are outperforming, but most currencies remain within 0.2% of yesterday’s close. Today should be relatively quiet with the release of import prices and University of Michigan sentiment. There is only one Fed speaker, the Fed’s Fisher reiterating his February 11th speech. Position squaring into the holiday long weekend could create some awkward movements on the charts.
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