08-10-2016 06:23 AM
OptionEye Macro Outlook August 10th
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.
08-10-2016 08:29 AM
Re: OptionEye Macro Outlook August 10th
" Sharply unchanged " Explain ?????