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S&P Tumbles 15 Points At Open, Erases All ECB QE Gains; EURUSD Opens Below 1.1150 As Traders Seek Safety Of Swiss Franc 

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Tyler Durden's picture
S&P Tumbles 15 Points At Open, Erases All ECB QE Gains; EURUSD Opens Below 1.1150 As Traders Seek Safety Of Swiss Franc
Submitted by Tyler Durden on 01/25/2015 - 17:20

Equity futures markets have opened with a flush lower as Friday afternoon's anxiety was proved correct by the Greek vote this afternoon. S&P 500 Futures dropped over 15 points at the open before bouncing back modestly. With FX markets now more fully open, the kneejerk moves in the early illiquid trading have stabilized. EURUSD is 65 pips lower, breaking below 1.1150 (with BNY Mellon suggesting a move below 1.10 is possible in the next 24 hours and Citi noting any further risk-off contagion could be satiated by ECB QE). Swissy is bid with EURCHF down over 40 pips at around 0.9820. Gold and USD/JPY are flat for now.

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http://www.zerohedge.com/news/2015-01-25/eurusd-opens-below-11150-traders-seek-safety-swiss-franc




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