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ShelladyOptions
Senior Contributor

OptionEye Global Macro Outlook January 18th

Good morning.

 

Overnight sees corn ever so slightly easier, beans unchanged and wheat up 2. 

 

The dollar is slightly higher at 90.72 up .18. 

 

The equity market looks to open a little lower - a shock I know. The S&P future is down just over 3 points and the Dow future is lower by 21. 

 

The 10 year yield is above 2.60% much to the delight of the bond bears.

 

The crude oil market is pretty flat at $63.98 up .01 cent and the gold market is equally as quiet at $1329.00 up $1.85. 

 

Today we get Housing Starts, Building Permits, the Philadelphia Fed Business Outlook, Initial Jobless Claims, Continuing Claims, the Bloomberg Economic Expectations Index and the Bloomberg Consumer Comfort Index. 

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