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Senior Contributor

OptionEye - Macro Outlook - June 3rd

Good morning. 

 

Overnight sees corn down 1/2 cent with beans and corn down 2. 

 

The stock market is going to open higher this morning with the European exchanges up between .50% and 1.30%. 

 

The 10 year will be watched today as we flirt with that 2.28% level. We currently stand at 2.275% and will await ADP for any new movement. 

 

Gold is slightly lower today at $1192.17 down .82 cents. Oil getting hit but hanging on to that $60 level at $60.19 down $1.07. 

 

The dollar is a little stronger this morning at 96.19 up .35.

 

ADP came out in line at 201k vs expectations of 200k. 

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