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.