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Senior Contributor

OptionEye - Macro Outlook - April 13th

Good  morning. 

 

Overnight grains see corn down 2, soybeans unchanged and wheat down 12. 

 

The 10 year yield is moving higher this morning as the dollar makes more gains to the upside. The yield sits at 1.97% with the dollar index up .53 to 99.97 getting ever closer to that significant 100.00 level.

 

Stocks are a little lower as European stocks are fairly lackluster today. The S & P future is down 3 points. 

 

Oil is up .61 cents to $51.25 and gold is lower by $8.65 to $1198.93.

 

The Euro is also headed lower and trades at 1.0542 this morning. 

 

Today we get the Monthly Budget Statement. News will be thin on the ground and the headlines will be dollar based. 

 

 

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