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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.

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