The US dollar is stronger across the board overnight, putting pressure the ES and on oil which is now under $45.  Although there’s continued monetary policy easing chatter, no specific news drove the fairly quiet Globex session.  For today’s US session, we have housing data; Building Permits and Starts @ 8:30am EST.  Volatility has been shrinking over the last few days.  The markets are waiting for a reason to move.  Size sold much of yesterday and continues with a short bias on light volume into the 8:30am EST numbers.