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Registered: ‎05-03-2010
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OptionEye Macro Outlook April 12th

Good morning. 

 

Overnight sees corn steady to a bit easier, beans up 5 and wheat steady easier as well. 

 

The stock market will open a bit lower this morning with the S&P future down 3.75 and the Dow future is down 12 points. 

 

The 10 year yield is trading in at 2.28% this morning which is significant. If it can close here technically it is a breakout to the downside below late February lows. 

 

The dollar is basically unchanged at 100.69 down .02 .

 

The oil market solidly between $50 and $55 at $53.58 up .18 .The gold market is a little higher at $1275.84 up $1.27. 

 

Today we get MBA Mortgage Applications, the Import Price Index an the Monthly Budget Statement. All eyes on the 10 year today.