Senior Contributor
Posts: 1,608
Registered: ‎05-03-2010

OptionEye Macro Outlook September 6th

Good morning. 


Overnight sees cor n 2 cents lower, beans also 2 cents lower and wheat coming in 3 cents lower. 


The dollar is weak but steady. This morning it trades at 92.25 which is unchanged. 


The stock market will open a steady this morning with the S&P future up just a tad and the Dow future up 9. A quiet start after yesterday's steep sell off. 


The 10 year yield still flashing yellow as it closed below 2.10% and trades at 2.07% this morning .


The oil market is firm with the hurricane damage and future hurricane havoc keeping things bid. This morning crude trades at $49.00 up .34 cents and gold still is the beneficiary of the global tensions and trades at $1339.22 down .44 cents early this morning. 


Today we get MBA Mortgage Applications, Trade Balance, Markit US PMI's, ISM and the Beige Book.