The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 20 pts to 5821
  • SP500 up 2.43 pts to 2706.53
  • NASDAQ down 17.87 pts to 7263.87
  • Dow Jones up 64.22 pts to 25,063.89
  • FTSE100 up 51.37 pts to 7020.22
  • DAX30 up 7.56 pts to 11,180.66
  • GOLD futures US Session (April) down $3.10 to $1322.10 an ounce
  • COPPER futures US Session (Comex March) down $0.0130 to $2.7710 a pound
  • OIL futures US Session (Nymex March) up $1.47 to $55.26 a barrel
  • CRB Index up 0.91 pts to 180.55
  • AUDUSD trading at 0.7250
  • EURUSD trading at 1.1456
  • GBPUSD trading at 1.3079
  • USDJPY trading at 109.5000

The US ended the week on a positive note as the broader market SP500 and DOW lifted into the close while the Tech heavy Nasdaq ended lower. US employment data showed that the number of new jobs were more than expected although the unemployment rate went from 3.9% to 4%. Investors were happy to see that the number continued to show growth in the labour market. The DOW closed up 0.26% while the broader SP500 was also up 0.09% but the Nasdaq ended down 0.25%. In Europe, major Indexes were generally higher although the banking sector was a drag on markets due to weak earnings. Italian banks continue to be a drag as the sector lost 2.1% and fueled concern over the rising Italian budget deficit.

The USD gained after the stronger than expected employment data was released although traders are still skittish over Powell’s ‘patient’ stance towards interest rates. The EUR, AUD and the GBP all fell after the number as the USD rallied, while the USDJPY rallied strong as bulls took control to squeeze out recent days sellers.

Gold finally took a breath to end the week on a down note as buyers took some gains off the table from the recent rally. Oil bounced back from the previous sessions weakness to end the week higher. Copper was lower as traders await further news on US/China trade in an overly extended market where buyers are happy to lock in some gains.

Cryptocurrencies are starting off the week on the back foot with Bitcoin current trading at $3445.4 down 0.51%. Ethereum is trading at $107.12 down 0.78% while Ripple is at $0.29935 down 2.47%.

The Australian Government is due to release the final recommendations of the independent inquiry into the Financial sector and Banks today. The sector is bracing for a brutal report after last year a lot of wrongdoings were exposed.

The ASX200 again opened the session with a run higher but then faded into the close Friday. The Index finished down 1.9 points to 5862.8 in a relatively muted day as losses in energy and financials offset gains in miners on the back of strength into commodities. Advancing stocks outnumbered falling ones by 554 to 549 and 381 ended unchanged.

The ASX200 is expected to open up 20 points as the SPI200 rallied off a support zone during the US session Friday night.



AUD MI Inflation Gauge 11am

CNY Bank Holdiday All Day

AUD Building Approvals 11:30am

EUR PPI Data 9pm

USD Factory Orders 2am