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Registered: ‎05-03-2010
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OptionEye Macro Outlook April 19th

Good morning. 

 

Well, lots happening with the global markets. Overnight sees corn steady better, beans a nickel better and wheat trying to hang on to unchanged. 

 

The dollar took it on the chin yesterday and stands at 99.61 which is up .11. 

 

The stock market is going to open a little higher with the S&P future up 6.50 points and the Dow future up 26 .

 

Crude oil sitting at $52.56 up .15 cents and gold is a little lower at $1282.77 down $6.83. 

 

The 10 year yield on a tear as bonds rally and yields fall. This morning the 10 year yield sits at 2.205%. No inflation to be seen here. 

 

Today we get MBA Mortgage Applications and the Beige Book .