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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook - Dec. 3rd

Good morning.

 

Corn looks pretty flat to slightly easier, beans down 3 and wheat up 1.

 

Stocks look to open a little higher with the Dow future up 28 and the S&P future up 4.50.

 

The 10 year slipping out to 2.19% with some hawkish rhetoric from Janet Yellen yesterday.

 

The oil market took it on the chin yesterday and this morning is bouncing back a tad to $40.71 up .77 cents. 

 

The gold market is higher as well to $1057.55 up $3.85.

 

The dollar is easing off today to 99.36 down .62 after having been over 100 yesterday.

 

Today we get Initial Jobless, Continuing Claims, Markit US PMI, Bloomberg Consumer Comfort, ISM Non-Manf. Composite and Factory Orders. Lots to look at today.

 

Draghi will be speaking today and more QE is expected for Europe.

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