Jimmybob's Morning Watchlist - http://www.optionmillionaires.com/forums/topic/july-31-watch-list/
S&P Futures +.1%
The dollar is holding steady, near flat on the session vs the yen and modestly lower vs the euro after June reports on personal income, spending and core PCE -- one of the Fed's preferred reports on inflation -- came in close to expectations. Personal income rose 0.5%, just above the 0.4% forecast. But spending was flat on the month, while economists were expecting a modest 0.1% increase. Core PCE rose at a 0.2% rate, which matched forecasts. The largely unsurprising data allowed the dollar to remain near flat on the session against the yen. The dollar is at Y78.16 from Y78.15 just before the data were released and Y78.17 late Monday, according to EBS via CQG.
The U.S. Federal Reserve starts its two-day interest-rate meeting later in the global trading day.
The European Central Bank and the Bank of England will both meet on Thursday to decide on interest rates.
"We would expect that aside from ongoing headline risks, as regards ongoing rhetoric among policy makers and politicians in Europe, we would expect euro/U.S. dollar will continue to range trade," said Jeremy Stretch, currency strategist at CIBC in London.
The euro traded at $1.2279, up from $1.2256 in late trading on Monday. while the British pound fetched $1.5660, down from $1.5704 on Monday.
ECB President Mario Draghi last week stirred expectations for ECB action on Thursday by stating that the ECB will do what it takes within its mandate to save the region from disintegration.
Against the Japanese currency , the dollar bought 78.14 yen, little changed from Â¥78.19 in late North American trading on Monday.
The Australian dollar moved to $1.0520, up from $1.0498 in late trading in the previous session.
The WSJ dollar index , a recently launched gauge of the dollar's performance against other heavily traded major currencies, traded at 71.75, down from 71.81.