OptionEye Gobal Macro Outlook Febraury 15th
Overnight sees steady to a bit better, beans up 1 and wheat steady to a bit better as well.
The dollar is weak and getting weaker a trades at 88.69 down .42.
The stock market is higher but is waiting on some inflation numbers this morning. The S&P future is up over 10 points and the Dow future is up 164.
The 10 year yield inching towards 3.00% and trades at 2.91%.
The crude oil market is just above $60 this morning at $60.50 down .10. The gold market is quiet at $1351.95 up $1.28.
Today we get Empire Manufacturing, Initial Jobless Claims, Continuing Claims, PPI, the Philadelphia Fed Business Outlook, Industrial Production, Manufacturing Production, Capacity Utilization, the NAHB Housing Market Index and Total Net TIC Flows.