The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 23 pts to 5840
  • SP500 down 3.85 pts to 2640.00
  • NASDAQ down 57.40 pts to 7028.29
  • Dow Jones up 51.74 pts to 24,579.96
  • FTSE100 up 86.83 pts to 6833.93
  • DAX30 up 8.52 pts to 11,218.83
  • GOLD futures US Session (April) up $7.30 to $1316.60 an ounce
  • COPPER futures US Session (Comex March) up $0.0400 to $2.7200 a pound
  • OIL futures US Session (Nymex March) up $1.16 to $53.15 a barrel
  • CRB Index up 1.70 pts to 179.18
  • AUDUSD trading at 0.7151
  • EURUSD trading at 1.1436
  • GBPUSD trading at 1.3071
  • USDJPY trading at 109.3400

The US ended mixed as traders digest news and remain guarded ahead of trade talks and the Fed reserve rate decision. The Fed is widely expected to leave rates on hold and take a more cautious stance as economic data in December was softer than expected. Increased tension for trade talks are expected after the US announced criminal charges against Huawei. The DOW closed up 0.21% while the broader SP500 was down 0.15% and the Nasdaq also down 0.81%. In Europe major Indexes were higher finding buyers with the FTSE leading the way after the UK parliament rejected an amendment to extend the Brexit deadline to leave the EU. Instead, they voted in favour of a proposal to replace the so-called Northern Irish backstop to secure parliamentary support for Mays Brexit deal. May will now head to Brussels to nut out a deal with the EU.

The USD was again steady ahead of the FOMC meeting on interest rates where traders will be focused on the Feds statement on the economy. The government shutdown has lead to a delay in some economic data so the Fed may remain cautious until further numbers filter through. US Employment data out Friday is expected to show the impact of the shutdown. The EUR ended slightly higher while the AUD edged lower as the main focus remains on the US/China trade talks. The GBP was again under pressure as sellers piled in after the Parliament rejected the Amendment to extend the Brexit deadline.

Gold continued higher as stock market uncertainty dragged in further safe haven buyers. Oil bounced back as sanctions on Venezuela Oil kicked in along with OPEC production cuts although gains were limited by expectations that US stockpiles will continue to surge. Copper rallied to make back some of the previous sessions losses.

Cryptocurrencies had mixed night as Bitcoin is currently trading at $3425.6 down 0.31% while Ethereum is trading at $105.59 up 1.14% and Ripple is at $0.28775 down 1.87%.

The ASX200 was down 31.4 points at the close to 5874.2 as traders played catchup to the US. The Index was dragged lower by Asian markets on news that the US Department of Justice filed charges against Huawei and its CFO. The news has put a dampener on US/China trade talks with banks down although materials and mining stocks performed well. Gold stocks were also winners after gold in USD and AUD has been strong.

The ASX200 is expected to open up 20/25 points after the SPI200 managed to make back the days losses to push higher through the European and US sessions.



JPY Retail Sales 10:50am

AUD CPI Data 11:30am

EUR German Prelim CPI Data All Day

GBP Net Lending to Individuals 8:30pm

USD ADP Non-Farm Employment Change 12:15am

USD Crude Oil Inventories 2:30am

USD FOMC Statement and Fed Funds Rate 6am

USD FOMC Press Conference 6:30am