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Senior Contributor

OptionEye Macro Outlook October 20th

Good morning. 

 

Overnight grains see corn up 1, beans up 3 to 4 and wheat slightly better. 

 

The 10 year yield sticking to 1.75%. Movement in all commodities a slight reaction to the dollar. This morning the dollar is lower by .05 to 97.86.

 

The stock market wants to open higher here this morning with the S&P future up over 2 points and the Dow future up 24 points. 

 

The oil market backing off early at $51.11 down .49 cents. 

 

Gold is steady at $1270.33 up $1.11. 

 

Today we get Initial Jobless Claims, Continuing Claims, Philadelphia Fed Business Outlook, Bloomberg Consumer Comfort Index, Exisiting Home Sales and the Leading Index. 

 

And...the ECB left the benchmark rate unchange. 

 

Go get 'em.

 

 

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