It was a rather uneventful day in the stock market, with the S&P virtually unchanged, up just about 10 basis points. I think today really demonstrates that without implied volatility to crush, the market has very little juice to it.

GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week.

The Russell 2000 has been the index to make all the running, and today finally saw some modest accumulation.

Euro retreats somewhat on Thursday as traders digest the last round of US jobs data, as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures Price Index.