The Morning Jumpstart


  • SPI200 overnight futures flat at 6122
  • SP500 up 2.51 pts to 2730.13
  • NASDAQ up 8.43 pts to 7411.32
  • FTSE100 down 13.57 pts to 7710.98
  • DAX30 down 23.53 pts to 12977.71
  • GOLD futures down $7.50 to $1313.20 an ounce
  • COPPER futures down $2.35 to $308.80 a pound
  • OIL futures up $0.47 to $71.17 a barrel
  • CRB Index up 0.27 to 203.83
  • AUDUSD trading at 0.7525
  • EURUSD trading at 1.1925
  • GBPUSD trading at 1.3557
  • USDJPY trading at 109.6900

The US managed to grind out a small win on the close in what was a fairly choppy session. The DOW closed up 68.24 points or 0.27% while the SP500 was up 0.09% and the Nasdaq was up 0.11%. Comments by Trump towards Chinas ZTE Corp helped ease trade tensions on the eve of high-level talks between the world’s two largest economies. The session started out strong but then gains were slowly eroded into the close. As the earnings season comes to a close with 91% of SP500 companies reported, traders will be weighing up whether the bar may be set too high for coming earnings. In Europe weaker financials put pressure on the major Indexes as traders look to take off some risk after another strong close to the week.

Cryptocurrencies edged higher with Bitcoin currently trading at %8701 up 0.43% while Ethereum is at $726 and Ripple is at $0.72642.

The USD was slightly higher at the close to erase earlier losses as the squeeze on sellers continued.  The EUR and AUD were slightly lower while the GBP managed to put on a minor gain. It is all about the USD as buyers and sellers fight it out and traders question if a recent rally in the USD had gone too far as a growing budget deficit which, is projected to balloon to more than $1 trillion, is reason for concern.

Gold was again lower for the session as the USD rally put pressure on the precious metal. Copper also dropped on the stronger USD while Oil rallied on the back of an OPEC report that said the global oil glut had been all but eliminated.

The ASX200 is is expected to open up 5/10 points after the SPI200 gave up minor gains into the close in the overnight session.




AUD  RBA Assist Gov Debelle Speaks 9:10am

AUD  Monetary Policy Meeting Minutes 11:30am

CNY  Fixed Asset Investment, Industrial Production and Retail Sales 12pm

GBP  Average Earnings Index, Claimant Count Change and Unemployment Rate 6:30pm

EUR  Flash GDP and German ZEW Economic Sentiment 7pm

USD  Retail Sales Data and Empire State Manufacturing Index 10:30pm