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ShelladyOptions
Senior Contributor

OptionEye Macro Outlook - Nov. 18th

Good morning.

 

Overnight grains see corn up 1, beans up 2 and wheat up 1. Fairly quiet.

 

Today we get the FOMC minutes at 1:30 so things will be quiet until then in equity and fixed income worlds.

 

The 10 year hovering at 2.26% waiting for the minutes while stocks sit slightly higher with the S&P future up 2 points.

 

Oil is up a bit this morning at $41.30 up .63 cents and gold is basically unchanged at $1070.35 up a small .03 cents. Everything is pretty thin waiting for the MOMC minutes.

 

The dollar is still strong at 99.54 but is off .08 in early trade.

 

Other than the FOMC minutes we also get MBA Mortgage Applications, Housing Starts and Building Permits.

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