The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 8 pts to 6138
  • SP500 up 17.79 pts to 2792.67
  • NASDAQ up 67.84 pts to 7527.55
  • Dow Jones up 181.18 pts to 26,031.81
  • FTSE100 up 11.21 pts to 7178.60
  • DAX30 up 34.42 pts to 11,457.70
  • GOLD futures US Session (April) up $5.00 to $1332.80 an ounce
  • COPPER futures US Session (Comex May) up $0.0495 to $2.9480 a pound
  • OIL futures US Session (Nymex April) up $0.30 to $57.26 a barrel
  • CRB Index up 0.65 points to 184.06
  • AUDUSD trading at 0.7129
  • EURUSD trading at 1.1335
  • GBPUSD trading at 1.3053
  • USDJPY trading at 110.6900

The US had a solid session Friday to close the week on a positive note. Traders were buoyed by hopes that China and the US will come to an agreement in terms over trade. On Friday Trump said that there was a good chance that a deal would be met and that he might extend the March 1 deadline. The weekend has seen some positive tweets from Trump saying the talks, that were extended over the weekend, were ‘very productive’ but he expects that the big decisions will be made when he meets Chinese President Xi Jinping next month. The DOW closed up 0.70% while the broader SP500 was up 0.64% and the Nasdaq also closed up 0.91%. In Europe, shares were higher as traders hold out hope for a trade deal and earnings come in positive.

The USD edged lower in Friday nights session as traders await further news on trade with no economic data to sway the bulls or bears. The main focus is still on slowing global growth and trade talks. The EUR, AUD and the GBP all had a good European session but then came under some pressure through to the US close Friday. The AUD rebounded in European trade to perform better than other major pairs against the USD after China denied that it had banned imports of Australian coal. The USDJPY gained through Asian and European trade only to fall back and give up gains at the US close.

Gold bounced from the previous sessions selloff as bargain hunters dived in to the action and the USD faded. Oil followed the currency lead as gains from Asian and European trade were given up through to the US close although the commodity held above $57 a barrel. Copper performed better and held highs into the close as a trade deal looks more promising.

Cryptocurrencies gave up recent gains to push lower as Bitcoin is currently trading at $3821.5 down 8.34%. Ethereum is trading at $141.06 down 12.84% and Ripple is at $0.30312 down 9.69%.

The ASX200 managed a solid finish to the week in Fridays session as the Index rallied from the open to close up 28.1 points to 6167.3. Gold stocks were mixed with some pushing lower while others held up well after Gold was hit on Thursday night. Rising stocks outnumbered declining ones by 659 to 508 and 345 ended unchanged.

The ASX200 is expected to open up 5/10 points after a rather lackluster session Friday night for the SPI200 although buyers managed to hold onto the days gains.



NZD Retail Sales 8:45am

GBP BOE Gov Carney Speaks 9pm

USD Final Wholesale Inventories 2am

USD FOMC Member Clarida Speaks 3am