G20 leaders caved to US pressure over the weekend, scrapping their previous commitment to reject all forms of trade protectionism. This put pressure on the USD and subsequently, the ES is also down from Friday’s close entering a week of relatively light scheduled US economic data. For today, there is no US economic data scheduled although we have a Fed speaker in Charles Evans starting @ 1:10pm EST. Volatility should remain similar to last week although now that the ES March contract is expired, the price whippiness of last week should also be gone. No Size bias for this morning as overnight trading was mixed.