Bloody Mary Cocktail

Pre-Market Indicators July 26th, 2012

Bloody Mary CocktailGood Morning NY.

Pre-Draghi

  • EURUSD (1.2128) – 0.24%
  • Gold Futures (GC) holding over 1600 at – 0.32% 
  • Oil Futures(CL) – 0.88%
  • S&P Futures (ES) – 0.41%
  • Europe: CAC40 – 0.31% FTSE – 0.19%
  • Asia: (NKD) flat
  • Grain Futures are weak and flat

Post-Draghi

  • EURUSD (1.2128) + 0.44%
  • Gold Futures (GC) holding over 1600 at + 0.21% 
  • Oil Futures(CL) + 0.22%
  • S&P Futures (ES) 0.47%
  • Europe: CAC40 + 1.25% FTSE + 0.73%

Things looked red and flat until Draghi started pledging he’ll do whatever he needs to do to save the euro, now all is well in the world. “ECB Wants To Break Link Between Banks, National Govts.” Yet… “The Exact Scope Of Supervision Still To Be Defined.

The markets are waiting on 8:30 EST for the claims and durable goods numbers. Expect volatility just before the open.