A look at what's coming up next
The market is waking up along with North American traders as GBP and CAD hit the extremes of the day and the euro perks up.
Economic data will add a bit more spice with initial jobless claims due at the bottom of the hour. The consensus is for a rise to 238K from 232K but it's not likely to be a market mover.
Yesterday's new home sales report showed a 9% decline so today's existing home sales number will get a bit of extra attention. Most believe that soft new home sales is an inventory issue, not a demand issue and this report will help solve the puzzle. The consensus is a 5.55m sales pace.
Other events on the economic calendar are the Kansas City Fed manufacturing index, French jobseekers, the ECB's Visco and a 5-year TIPS auction.