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OptionEye Macro Outlook Oct. 4th

Good morning. 

 

Overnight sees corn down 1, beans steady and wheat down 1. 

 

The dollar is hovering but ever so slightly weaker at 93.38 down .18 .

 

The stock market wants to open a bit lower - yes I said lower - with the S& future trading down 2 points and the Dow future down 6. 

 

The 10 year yield backing off a bit after its recent run higher. It trades at 2.31% this morning as we close in on the jobs numbers at the end of the week. 

 

The crude oil market is trying hard to stay above $50 and now trades at $50.18 down .24 cents. The gold market is a little higher at $1277.61 up $5.97.

 

Today we get MBA Mortgage Applications, ADP Employment Change, Markit US PMI's and ISM Non-Manufacturing Composite.