The Morning Jumpstart


  • SPI200 overnight futures up 9 pts to 6086
  • SP500 down 0.71 pts to 2671.92
  • NASDAQ up 1.69 pts to 7266.90
  • FTSE100 down 1.39 pts to 7565.75
  • DAX30 down 35.93 pts to 12912.21
  • GOLD futures up $0.60 to $1314.70 an ounce
  • COPPER futures down $1.10 to $306.80 a pound
  • OIL futures down $0.64 to $70.09 a barrel
  • CRB Index down 1.55 to 202.09
  • AUDUSD trading at 0.7452
  • EURUSD trading at 1.1866
  • GBPUSD trading at 1.3545
  • USDJPY trading at 109.1200

The US relatively flat after a choppy session of trading with Trump saying that the US will exit the Iranian Nuclear deal and impose “the highest level of economic sanctions”. The DOW was last trading up only 2.89 points or 0.01% while the SP500 was down 0.03% and the Nasdaq up 0.02%. Shares rebounded from losses after Trump announced what most expected as the Energy sector ended the day up 0.78%. Traders are still unwilling to add risk as uncertainty surrounds US/China trade as recent talks failed to reach a consensus. In Europe shares were lower as traders stayed in a holding pattern ahead of Trumps Iran deal release.

Cryptocurrencies were mixed overnight as Bitcoin was lower, currently trading at $9224 down 0.96% while Ethereum is up 3.85% at $746.51 and Ripple is down 0.24% at $0.80884.

The USD pushed higher as traders continued to exit short positions.  The EUR, AUD and the GBP were all lower on USD strength although the rally stalled as Trump announced re-imposed sanctions on Iran leaving commodity linked currencies lower and worries that risk appetite in Financial markets would ease.

Gold was unchanged but leaned to the positive side finishing up slightly. Copper gave up some further gains as US and China head into trade talks with traders looking for a further drop off in demand.  Oil was initially sold off on the open of the US session and then managed to rally to gain back the lost ground as traders look to further uncertainty over crude oil supply. Traders will now be focused on US Oil inventories out tonight with expectations for a drop from previous months release.

The ASX200 is is expected to open up 10 points but may struggle as the SPI200 was locked in a narrow range overnight as traders assessed the Australian Budget release.



AUD  Westpac Consumer Sentiment 10:30am

CAD  Building Permits 10:30pm

USD  PPI Data 10:30pm

USD  Final Wholesale Inventories 12am

USD  Crude oil Inventories 12:30am

NZD  Official Cash Rate, Monetary Policy Statement and Rate Statement 7am

NZD  RBNZ Press Conference 8am