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Senior Contributor

OptionEye - Macro Outlook - June 5th

Good morning. 

 

Overnight grains see corn and wheat are up 1 and beans unchanged as we await the release of the Non-Farm Payroll report. 

 

Stocks are lower overnight going into the jobs numbers after being decently lower yesterday. The S & P future is pointing to a lower opening by over 5 points. 

 

The 10 year yield came in yesterday to a low of 2.29% and has leaked back out to 2.34% this morning. 

 

Oil is lower by .19 cents to $57.81 and gold is lower as well to $1174.10 down $2.69. 

 

The dollar is slightly stronger by .23 to 95.69. 

 

It's all about the jobs number this morning. 

 

Have a great weekend. 

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Veteran Contributor

Re: OptionEye - Macro Outlook - June 5th

danke, Shellady..

 

Those employment numbers blew away all expectations, ja

 

If anyone wants to torment themselves they can read more below-

 

 http://www.bls.gov/news.release/empsit.nr0.htm

 

Good weekend, everyone-

 

Gottlieb

 

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