The Morning Jumpstart


  • SPI200 overnight futures down 30 pts to 6066
  • SP500 down 7.16 pts to 2712.97
  • NASDAQ down 28.13 pts to 7354.34
  • FTSE100 down 9.18 pts to 7778.79
  • DAX30 down 36.89 pts to 13077.72
  • GOLD Spot up $1.90 to $1291.30 an ounce
  • COPPER futures down $2.55 to $306.35 a pound
  • OIL futures down $0.21 to $71.28 a barrel
  • CRB Index up 0.13 to 203.69
  • AUDUSD trading at 0.7511
  • EURUSD trading at 1.1772
  • GBPUSD trading at 1.3469
  • USDJPY trading at 110.7800

The US finished the last day of the week on the back foot as traders digested higher US bond yields and continued trade concerns. The DOW was pretty much break even up 1.11 points while the broader SP500 was down 0.26% and the Nasdaq down 0.38%. A lack of progress on the negotiations front with China has traders realizing that the process is going to be more drawn out than expected. Markets, with no clear catalyst, are caught in a range trading market where no-one is willing to hold on to risk for too long. In Europe markets were lower pressured by continued uncertainty in Italian politics.

Cryptocurrencies managed to put on some gains to close out the week with Bitcoin currently up 3.91% at $8542 while Ethereum is up 4.07% at $719.86 and Ripple up 4.52% at $0.70065.

The USD again edged higher to pressure cross currency pairs.  The EUR and GBP were both slightly lower as the USD edged higher while the AUD was relatively unchanged at the close as traders favor the commodity currency.

Gold bounced back slightly as recent sellers locked in some gains as US bond yields eased from a recent spike higher.  Copper was lower as technical selling continued to pressure price while Oil marked its sixth straight week of gains as the commodity edged lower to close out the week.

The ASX200 is is expected to open down 30 points after the SPI200 continued to see buyers jumping ship and price push lower through the European and US sessions settling on minor support.



NZD  Retail Sales 8:45am

JPY  Trade Balance 9:50am

USD  FOMC Member Bostic Speaks 1:30am

EUR French Bank Holiday

EUR  German Bank Holiday