The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 20 pts to 5828
  • SP500 up 3.66 pts to 2642.36
  • NASDAQ up 47.69 pts to 7073.46
  • Dow Jones down 22.38 pts to 24,553.24
  • FTSE100 down 23.93 pts to 6818.95
  • DAX30 up 58.64 pts to 11,130.18
  • GOLD futures US Session (April) down $4.30 to $1285.90 an ounce
  • COPPER futures US Session (Comex March) down $0.0090 to $2.6460 a pound
  • OIL futures US Session (Nymex March) up $0.55 to $53.17 a barrel
  • CRB Index up 0.58 pts to 179.24
  • AUDUSD trading at 0.7092
  • EURUSD trading at 1.1309
  • GBPUSD trading at 1.3061
  • USDJPY trading at 109.5900

The US ended the session mixed as the broader index closed higher as fourth quarter earnings continued to be positive while the Dow ended lower on continued global growth concern. The tech heavy Nasdaq was lifted by chip makers. Traders are still risk adverse as they remain concerned over global growth and the US government shutdown. Safe haven treasuries were in demand after the ECB said that economic growth was likely to be weaker than previously expected. The DOW closed down 0.09%, the broader SP500 up 0.14% and the Nasdaq up 0.68%. In Europe major Indexes were mixed with the German Dax ending with gains while the FTSE struggled as it continues to digest Brexit news.

The USD rallied to end stronger after the ECB left interest rates on hold . The EUR was lower after the ECB cited the usual concerns over global growth and expects near term data to be weaker than expected due mainly to China’s slowdown and Brexit uncertainty. The GBP also ended lower but in contrast to the Euro it held up quite well. The AUD, which initially spiked after positive employment data, did an about face to continue the trend lower. The USDYEN pair was unchanged.

Gold closed down, even as safe haven investments such as US bonds rallied, on a strengthening USD. Oil was higher helped by the threat of US sanctions on Venezuela although weighed down by an unexpected build in US stockpiles. Copper continued to find sellers to end weaker at the close with no news on US/China trade to support price.

Cryptocurrencies edged higher as Bitcoin is currently trading at $3570.8 up 0.73% while Ethereum is at $116.65 up 0.61% and Ripple is trading at $0.31655 up 0.90%.

The ASX200 saw some choppy action yesterday as price swung between support and resistance after Aussie employment data came out stronger than expected. The Index rallied into the close to finish up 22 points at 5865.7. Energy shares led the charge after Santos posted positive guidance for 2019. The financial sector edged higher as advancing stocks outnumbered falling ones by 563 to 528 and 315 ended unchanged.

The ASX200 is expected to open up 20 points as the SPI200 pushed up through resistance overnight.



JPY Core CPI Data 10:30am

EUR German Ifo Business Climate 8pm

GBP High Street Lending 8:30pm