Despite settling into a small range during the month of December following a sharp break from 1.4263 to 1.2955 during November, the March Euro still remains vulnerable to additional downside pressure.

February Gold is slowly creeping up toward a retracement zone at $1378.50 to $1389.70. The market has been toying with this area for about a week after failing at $1385.00 on November 23. This time however it seems to have enough upside momentum to break through this area.

Equity investors are looking at the long side of the market this morning as friendly talk out of Europe regarding the Irish debt crisis is renewing interest in risky assets.