We are back to action this morning and it seems we have missed nothing. This market has had very little to go on so far this week, action has been mostly fueled by rumor and hearsay. Certainly a good enough reason for a market squeeze to consolidation ahead of Friday’s payrolls. Later this morning, investor optimism is expected to rise as improvements are anticipated in US consumer confidence and the Case-Schiller housing index. Following on from Friday’s improvement in the UoM, traders are hoping that it could be the start of an extended run of improving data in a heavy ‘shortened’ week for economic releases, ending ... (full story)