The Morning Jumpstart


  • SPI200 overnight futures up 19 pts to 5740
  • SP500 up 32.57 pts to 2614.45
  • NASDAQ up 71.16 pts to 6941.28
  • FTSE100 down 26.15 pts to 7030.46
  • DAX30 down 94.28 pts to 12002.45
  • GOLD futures down $10.40 to $1336.50 an ounce
  • COPPER futures up $1.55 to $306.55 a pound
  • OIL futures up $0.56 to $63.57 a barrel
  • CRB Index down 0.17 to 193.21
  • AUDUSD trading at 0.7684
  • EURUSD trading at 1.2265
  • GBPUSD trading at 1.4059
  • USDJPY trading at 106.6500

The US saw another choppy session as major Indexes fought bounce back from the previous sessions losses helped by the SP500 holding above a key support level. The DOW was up 389 points or 1.65% while the SP500 up 1.26% and the NASDAQ lagged but was up 1.04%. Traders are now focusing on upcoming earnings which is expected to be strong with analysts expecting an increase of 18.4% for the quarter. US Bond yields were higher while the VIX volatility index eased ahead of payroll data out Friday. In Europe shares were weaker on trade war concern after China said Sunday it would raise tariffs on 128 US products, threatening a deeper dispute between the world’s two biggest economies.

Cryptocurrencies had a good session to follow the US share indexes higher as Bitcoin is currently up 6.61% to $7436 while Ethereum is up 8.62% and Ripple up 9.83%.

The USD index managed to push higher thanks to recent re-emerged concern over trade wars. The EUR, AUD and the GBP were weaker on the rise in the USD. The AUD managed to gain some ground yesterday after interest rates were kept in hold as the RBA cited increased global strength, reduced housing market risk and local inflationary pressures (wages growth) as key factors they are watching.

Gold was lower as the USD increased and US shares rallied. Oil was higher ahead of US inventory data that is expected to be weaker than previous numbers. Copper was higher but still is under pressure from demand outlook in China and potential trade wars.

The ASX200 is expected to open up 20 points as the SPI200 was dragged higher into the close of the US session.



AUD  Retail Sales and Building Approvals 11:30am

CNY  Caixin Services PMI 11:45pm

GBP  Construction PMI 6:30pm

EUR  CPI Data and Unemployment Rate 7pm

USD  ADP Non-Farm Employment Change 10:15pm

USD  ISM Non-Manufacturing PMI and Factory Orders 12am

USD  Crude Oil Inventories 12:30am

USD  FOMC Member Mester Speaks 1am