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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook January 24th

Good morning and happy Tuesday. 

 

Very quiet session across the board yesterday. Overnight sees corn steady to a bit better, beans up 6 to 7 cents and wheat unchanged. 

 

The dollar is also looking for direction this morning and trades at 100.30 up .14. 

 

The 10 year yield sitting at 2.42% and bouncing between 2.37% and 2.49% - also looking for some direction. 

 

Oil buffered by $50 to the downside and $55 to the upside trading at %52.83 up .08 this morning. Gold a little lower at $1213.66 down $4.44 in early trade. 

 

Stocks are sharply unchanged as we say with the S&P future totally unchanged and the Dow future up 5 points. 

 

Today we get the Markit US Manufacturing PMI, Existing Home Sales and the Richmond Fed Manufacturing Index. 

 

 

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