The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 14 pts to 5818
  • SP500 up 23.05 pts to 2704.10
  • NASDAQ up 98.66 pts to 7281.74
  • Dow Jones down 15.947 pts to 24,999.67
  • FTSE100 up 27.22 pts to 6968.85
  • DAX30 down 8.56 pts to 11,173.10
  • GOLD futures US Session (April) up $8.60 to $1324.10 an ounce
  • COPPER futures US Session (Comex March) up $0.0150 to $2.7820 a pound
  • OIL futures US Session (Nymex March) down $0.18 to $54.05 a barrel
  • CRB Index down 0.47 pts to 179.64
  • AUDUSD trading at 0.7272
  • EURUSD trading at 1.1445
  • GBPUSD trading at 1.3111
  • USDJPY trading at 108.9200

The US backed up on the previous sessions rally with the broader market finishing higher. Positive earnings from Facebook and GE helped support the positive tone after the Fed Reserve said they will remain patient on interest rates. Concerns on trade talks are still capping markets as the DOW was weaker on the open and spent most of the session in negative territory while the SP500 and Nasdaq opened higher and held gains. Trump has hinted at delays in a trade deal saying he is optimistic although no final deal would be made until he meets with Chinese President Xi Jinping in the near future. The DOW closed down 0.06% while the broader SP500 was up 0.86% and the Nasdaq also ended up 1.37%. In Europe, major Indexes were again mixed with the DAX seeing a choppy session to lift off lows and close flat while the FTSE ended positive awaiting further news on Brexit.

The USD gained back some ground as it edged higher into the close. The Dollar was the key driver for the other pairs as started the session under pressure and then rallied as traders look ahead to key US employment data tonight. The EUR, the AUD and the GBP all reversed some of the recent gains on the late session dollar move , while the USDJPY rallied off lows around 108.50.

Gold continued on up being helped buy the initial weakness into the USD although price was off the highs into the close of the US. Oil gave us some of the previous sessions gains. Copper also continued higher for the day although finished below its US sessions highs.

Cryptocurrencies were lower across the board but only slightly. Bitcoin is currently trading at $3448.0 down 0.41%, Ethereum is trading at $107.12 down 1.22% and Ripple is currently at $0.31192 down 2.53%.

The ASX200 was opened strong but then faded hard into the close to finish down 22 points to 5864.7 yesterday. Sellers came out in force in the afternoon as bank stocks dragged the index lower ahead of the Royal Commission inquiry final report due next week. Advancing stocks outnumbered falling ones by 625 to 554 and 351 ended unchanged.

The ASX200 is expected to open up 15/20 points as the SPI200 held above the 5800 zone overnight.



JPY Unemployment Rate 10:30am

AUD PPI 11:30am

CNY Caixin Manufacturing PMI 12:45pm

AUD Commodity Prices 4:30pm

EUR German Final Manufacturing PMI 7:55pm

EUR Final Manufacturing PMI 8pm

GBP Manufacturing PMI 8:30pm

EUR CPI Flash Estimate Data 9pm

USD Non-Farm Employment Change and Unemployment Rate 12:30am

USD ISM Manufacturing PMI 2am