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

OptionEye Macro Outlook April 5th

Good morning. 


Overnight sees corn up 1, beans bouncing back up 10 and wheat up 2. 


The dollar is back above that 100 level at 100.55 which is basically unchanged up .01. It will be interesting to see how this affects the commodities markets going forward. 


The 10 year yield hovering around 2.36%. 


Oil extending gains to $51.53 up .50 cents and gold sits at $1252.97 down $3.29.


Stocks will open pretty much unchanged with the S&P future down just over a point and the Dow future up 1 points.


Today we get MBA Mortgage Applications, ADP Employment Change, Markit US PMI's and ISM. 


We shall see if these give us a better handle on what might come out of Friday's jobs numbers.