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Senior Contributor
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Registered: ‎05-03-2010
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OptionEye Macro Outlook September 6th

Good morning. 

 

Overnight sees cor n 2 cents lower, beans also 2 cents lower and wheat coming in 3 cents lower. 

 

The dollar is weak but steady. This morning it trades at 92.25 which is unchanged. 

 

The stock market will open a steady this morning with the S&P future up just a tad and the Dow future up 9. A quiet start after yesterday's steep sell off. 

 

The 10 year yield still flashing yellow as it closed below 2.10% and trades at 2.07% this morning .

 

The oil market is firm with the hurricane damage and future hurricane havoc keeping things bid. This morning crude trades at $49.00 up .34 cents and gold still is the beneficiary of the global tensions and trades at $1339.22 down .44 cents early this morning. 

 

Today we get MBA Mortgage Applications, Trade Balance, Markit US PMI's, ISM and the Beige Book.