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Senior Contributor

OptionEye Macro Outlook July 26th

Good morning. 

 

Overnight saw grains a bit lower with corn down 2, beans down 5 and wheat bucking the trend up 3. 

 

The dollar is a bit stronger but still on the weak side at 94.14 up .08. 

 

The stock market will open higher with the S&P future up 4 points and the Dow future up 92. 

 

The 10 year yield sits at 2.33% as things trade a bit normally again. 

 

The crude oil market still moving higher at $48.38 up .49 cents. Gold is lower at $1247.12 down $2.93.

 

Today we get MBA Mortgage Applications,  New Home Sales and the FOMC Rate Decision which will be the talk of the town. 

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