US equity futures set for a soft open but losses pared

It looked like it was going to be a tough day for US stocks, but optimism crept in over the past hour. SandP 500 futures are down 19 points at ,080 after falling ,063 points. This coincided with lower yields and a reversal in the US dollar. This is the most impressive reversal we have seen in this forex market, with the cable now at 1.1992 lower than 1.1916. SPX Daily Chart d SPX Daily Today is options expiration, so this could mean a fun trade, although it usually limits volatility rather than increasing it.

Michael Cooper

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