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ShelladyOptions
Senior Contributor

OptionEye Global Macro Outlook January 5th

Good morning. 

 

Overnight sees corn up 1, beans up 8 and wheat down 1. 

 

The dollar is a little stronger this morning at 92.05 up .19. 

 

Today is non-farm day so these prices are hanging in purgatory. 

 

The stock market looks to open higher this morning with the S&P future up over 7 points and the Dow future up 75.

 

The 10 year yield trading sideways at 2.46%. 

 

The crude oil market pretty quiet as well at $61.40 down .61 cents. The gold market is lower too at $1317.03 down $5.72. 

 

Today we get Non-farm Payrolls, the Unemployment Rate, Average Hourly Earnings, the Labour Force Participation Rate, the Trade Balance, ISM and Factory Orders. 

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