Here is your morning look.
GBP/USD, USD/CAD, Euro have hit their respective upside targets.
Silver…17.47, last nights low is the key hold level for further upside.
Oil Patch…APC & APA were in rumored merger talks.
These names could be in play.
SMH had a descent sell off yesterday, at least as much as this market has been giving.
LRCX held after earnings and MU is up.
Equity traders should be patient for the U.S. session to set up.
Currency traders should wait out the volatility of the press conference before considering a move.
Fearless leader has landed in Davos. Food for thought;
Trumps ego is so tied up with a rising stock market I find it hard to fathom anything but a very constructive speech for equities.