Showing results for 
Search instead for 
Did you mean: 
Senior Contributor

OptionEye Macro Outlook August 11th

Good morning. 


Getting a little quiet here as we await the USDA tomorrow. 


Overnight grains see corn down 1, beans down 2 and wheat down 1. 


The stock market wants to open higher this morning albeit a little lacklustre. This morning the S&P future is up almost 6 points and the Dow future up almost 60. 


The 10 year yield trading lower again at 1.51% showing signs of nervousness. The world is slowly coming to the conclusion that QE is not working. 


The oil market traded lower yesterday and this morning is basically unchanged at $41.67 down .04 cents. The gold market is basically unchanged as well at $1346.14 down .40 cents. 


The dollar is bouncing back a bit but still under 96 at 95.79 up .14. 


Today we get the Import Price Index, Initial Jobless Claims, Continuing Claims and the Bloomberg Consumer Comfort Index. 

0 Kudos