The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 18 pts to 6210
  • SP500 up 19.20 pts to 2803.69
  • NASDAQ up 62.82 pts to 7595.35
  • Dow Jones up 110.32 pts to 26,026.32
  • FTSE100 up 32.00 pts to 7106.73
  • DAX30 up 86.04 pts to 11,601.68
  • GOLD futures US Session (April) down $16.90 to $1299.20 an ounce
  • COPPER futures US Session (Comex May) down $0.0220 to $2.9260 a pound
  • OIL futures US Session (Nymex April) down $1.42 to $55.80 a barrel
  • CRB Index down 1.25 points to 181.50
  • AUDUSD trading at 0.7079
  • EURUSD trading at 1.1365
  • GBPUSD trading at 1.3202
  • USDJPY trading at 111.8900

The US ended the week on a stronger note as progress in the trade negotiations were touted to be ‘fantastic’ by White House economic adviser Larry Kudlow. He said that the two countries were “heading toward a remarkable, historic deal”. Bloomberg reported that a summit between the two countries leaders to sign the deal could happen as soon as Mid-March. The market is anticipating the deal as traders went out of safe haven assets and into shares. The trade sensitive DOW closed up 0.43% while the broader SP500 was also up 0.69% along with the Nasdaq which closed up 0.83%. In Europe, shares were higher on the back of trade optimism and a fresh batch of positive corporate updates. Traders will be gearing up for the ECBs announcement on interest rates as they look to gauge the tone of the statement for the banks outlook on the zones economy and direction for rates.

The USD rallied as US bond yields were higher with traders exited the safe haven dollar trade. Expectations are that a deal between the US and China will boost the US economy and lift the dollar. The EUR, AUD and the GBP all edged lower on the stronger USD as traders anticipate improving US economic data on a trade deal sooner rather than later. The USDJPY was higher as bulls remain in control to push the pair up through the 112.000 mark during the session.

Gold was hit as the USD rallied and safe haven traders bailed on the commodity as a trade deal looks imminent. Oil also come under pressure on a rising dollar and as weaker than expected US Factory and Manufacturing data increased fears for weaker energy demand. Copper ended the week on a low note thanks to pressure from the USD and as traders were happy to lock in recent gains.

Cryptocurrencies had a mixed weekend with Bitcoin hovering below the $4000 mark at $3714.8 up 0.08%. Ethereum is currently trading at $132.06 down 0.35% while Ripple is trading at $0.31111 down 0.37%.

The ASX200 closed on a high into the weekend as the Index finished up 23.7 points to 6192.7. Consumer Discretionary was a shining sector while the big four banks continued to edge higher. Advancing stocks outnumbered falling ones by 589 to 543 and 367 ended unchanged.

The ASX200 is expected to open up 15 points as the SPI200 closed on its highs for the US session friday.



AUD MI Inflation Gauge 11am

AUD Building Approvals and Company Operating Profits 11:30am

EUR Spanish Unemployment Claims 7pm


USD Construction Spending 2am