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Senior Contributor
Posts: 1,709
Registered: ‎05-03-2010
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OptionEye - Macro Outlook - Jan 26th

Good morning. 

 

I am back from lovely Hong Kong and found out that I really do appreciate good ole' American coffee - but I love the 70 degree temps ;-) 

 

Overnight, corn down 2, beans down 4 and wheat up 1. 

 

Looks like oil sliding lower while I was away and now trades at $44.98 down .61 cents. More bulls coming out of the closet now but I still think it trades heavy. 

 

Gold slipping $16.17 down to $1277.93 as the $1300 level proves to be a ceiling right now. 

 

The 10 year yield still saying there is trouble on the horizon and stands at 1.79%. Remember, all the smart talking heads, this time last year, said that level would be 3.52%. Ouch. 

 

Stocks are lower on the Greece elections. Trouble brewing again in Europe as the Euro falls to a new recent low against the dollar and our S & P futures are down over 5 points. 

 

We get Dallas Fed Manf. Activity today so expect oil and Greece to dominate the headlines. 

Advisor
Posts: 1,472
Registered: ‎06-25-2010
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Re: OptionEye - Macro Outlook - Jan 26th

Vacation or business?
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Senior Contributor
Posts: 398
Registered: ‎05-04-2010
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Re: OptionEye - Macro Outlook - Jan 26th

Funny how you are right.... Been hearing a long time about how interest rates were going to go up.... They were right a little.... Third world countries have had to raise there rates.....p-oed