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Senior Contributor

OptionEye Global Macro Outlook February 21st

Good morning. 

 

Back in London this morning. The travel never gets any easier. Ugh. Lots of time to contemplate these markets on the plane. 

 

Overnight sees corn pretty steady, beans down 2 and wheat down 2 as well. 

 

The dollar is a little stronger at 89.84 up .12.

 

The stock market is a bit lower with the S&P future off by 6 points and the Dow future lower by 61.

 

The 10 year yield stands at 2.88% this morning. 

 

The crude oil market a little lower at $60.96 down .83 cents while gold still languishes at $1328.68 down .47 cents. 

 

Today we get MBA Mortgage Applications, Markit US PMI's, Existing Home Sales and the FOMC Meeting Minutes. 

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