Senior Contributor
Posts: 1,619
Registered: ‎05-03-2010

OptionEye Macro Outlook April 12th

Good morning. 


Overnight sees corn steady to a bit easier, beans up 5 and wheat steady easier as well. 


The stock market will open a bit lower this morning with the S&P future down 3.75 and the Dow future is down 12 points. 


The 10 year yield is trading in at 2.28% this morning which is significant. If it can close here technically it is a breakout to the downside below late February lows. 


The dollar is basically unchanged at 100.69 down .02 .


The oil market solidly between $50 and $55 at $53.58 up .18 .The gold market is a little higher at $1275.84 up $1.27. 


Today we get MBA Mortgage Applications, the Import Price Index an the Monthly Budget Statement. All eyes on the 10 year today.