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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook August 10th

Good morning. 

 

Overnight sees corn is sharply unchanged, beans are up 5 and wheat is unchanged as well. 

 

The  10 year yield is sneaking in to 1.53% bucking the 'rate hike' rhetoric. 

 

Stocks are going to open slightly higher in this thin August trade. The S&P future is up 2 points and the Dow future up nearly 10. 

 

The oil market is a tad lower at $42.53 down .24 cents as it feels like the entire investing community is on vacation. Gold is up at $1352.86 up $12.13.

 

The dollar is lower this morning giving a boost to other commodities and trades at 95.50 down .68. 

 

Today we get MBA Mortgage Applications and the Monthly Budget Statement. 

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1 Reply
JCCWIS
Senior Contributor

Re: OptionEye Macro Outlook August 10th

" Sharply unchanged "  Explain ?????

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