cancel
Showing results for 
Search instead for 
Did you mean: 
Senior Contributor

OptionEye Global Macro Outlook April 5th

Good morning. 

 

Overnight things have settled down a bit. Corn us 1 better, beans are 2 cents better and wheat up 2 to 3. A little bit different than yesterday's open. 

 

The dollar is remarkably steady at 90.28 up .13. That 90 level is still holding - barely. 

 

The stock market had a massive swing yesterday finishing higher and is pointing to a higher opening today with the S&P future up over 17 points and the Dow future up 129. Its like yesterday never happened. 

 

The 10 year yield stands at 2.81% as the risk comes back on. 

 

The crude oil market also recovering at $63.57 up .20 cents. Gold has backed off a bit as things have settled down and trades at $1327.32 down $6.00. 

 

Today we get the Challenger Job Cuts, Initial Jobless Claims, Continuing Claims, the Trade Balance and the Bloomberg Consumer Comfort Index.

0 Kudos