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Registered: ‎05-03-2010
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OptionEye Macro Outlook March 15th

Good morning. 

 

Overnight sees corn up 2, beans up 6 and wheat up 6 as well. 

 

The dollar is a little weaker at 101.57 which is down .13. 

 

The stock market is going to be a little higher this morning with the S&P future up 5 points and the Dow future is up 36. 

 

The 10 year yield hovering at 2.8% and awaiting the Fed meeting this afternoon. 

 

Oil is bouncing back and trades at $48.72 up $1.00 .Gold is higher as well .at $1200.02 up $2.01. 

 

Today it is all about the Fed and interest rate rises. In case it matters we also get Empire Manufacturing, CPI, Retail Sales and the NAHB Housing Market Index. We had an earlier release of MBA  Mortgage Applications which came in at 3.1% vs the last reading of 3.3% .