Apparently, there is some political risk in Egypt! At least, based on Moody's who downgraded the Egyptian debt by one notch! Our AAA rating in the USA is safe though...
Dollar
After running up a bit this weekend (nothing like a revolution to put some value in the US Armed Forces - who need higher interest rates when you have 12 carriers), the dollar is down below the 78 support line!
Here is the picture in a the daily chart. That 78 level has pretty much held all of last week!
Euro
If the dollar is down, then the euro must be up! And it is... Because there is not risks in the Euro zone. At least this morning!
On a daily chart, we can see the euro bouncing between support at 1.36 and resistance a 1.37!
Gold
Gold is down this morning. Maybe the market is expecting a flood of gold from the Egyptian museum looting. But the shiny metal is once again flirting with support around 1326!
Oil
Apparently, unrest in Egypt are not enough to inspire a run on oil. The Suez canal is still open so nothing to worry.... for now! Between 30 and 40% of oil transits through the Suez canal so this could bring some changes if anything were to happen.
S&P500
Futures are up this morning after the shellacking on Friday. Because everything got so much better during the weekend!
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