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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook January 25th

Good morning. 

 

Overnight we see corn still a little weak after failing at the 200 DMA with a key reversal. This morning corn is one lower, beans are 5 lower and wheat is 2 to 3 lower. 

 

The dollar is still weakening at 100.04 down .31. 

 

The president in full action mode with a slew of edicts. We have to watch the affect on the dollar and international trade with his movements on TPP and NAFTA. I think things are going to be very interesting this year - mother nature aside. 

 

The stock market resuming its upward move this morning with the S&P future up 7 points and the Dow future up 64. 

 

The 10 year yield rising to 2.47% and looking to make a move to 2.50% if the stocks keep rallying. 

 

The oil market, in spite of good news yesterday is a little lower this morning at $52.74 down .44 cents. 

 

The gold market quiet at $1207.05 down $1.76. 

 

Today we get MBA Mortgage Applications and FHFA House Price Index. 

 

 

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