It is going to get tasty this afternoon folks- Volatility is rising and dollar is under pressure

Just as the US stock markets prepare to reopen the Dow Jones futures have bounced off the lows and that is now priced to reopen above 40k again. That said the whole vista can change in a heartbeat out there at the moment. The Nasdaq 100 is still under pressure though and clearly there is another significant disconnect between the two, as yet more rotation looms ahead of the weekend. The dollar is under pressure still, but the USD/JPY has bounced somewhat. At the same time the EUR/USD has just tested the 1.0900 handle and the GBP/USD is making headway above 1.28 again and just now lifting to around 1.2825. There is no case for the dollar to rebound much either right now, but that will not preclude some rapid price swings. So, it is all welling up for a pretty lively and tasty afternoon session when the US stock markets reopen in  a minute or two.