The Morning Jumpstart


  • SPI200 (Mar) overnight futures down 14 pts to 6190
  • SP500 down 5.86 pts to 2743.07
  • NASDAQ down 13.32 pts to 7408.14
  • Dow Jones down 22.99 pts to 25,450.24
  • FTSE100 down 53.24 pts to 7104.31
  • DAX30 down 59.96 pts to 11,457.84
  • GOLD futures US Session (April) up $13.20 to $1299.30 an ounce
  • COPPER futures US Session (Comex May) down $0.0110 to $2.9000 a pound
  • OIL futures US Session (Nymex April) down $0.59 to $56.07 a barrel
  • CRB Index down 0.20 points to 180.67
  • AUDUSD trading at 0.7032
  • EURUSD trading at 1.1234
  • GBPUSD trading at 1.3012
  • USDJPY trading at 111.0400

The US ended the week on a low note as Non-Farm Employment Change falls short of expectations and China’s exports nosedive in Feb all adding to the concerns over slowing global growth. Traders are now focused on global economic data as news on the trade front stalls. The DOW closed down 0.09% while the broader SP500 was also down 0.21% and the Nasdaq also closing down 0.18%. In Europe, major indexes headed south on growth concerns after the ECB slashed growth forecasts for the EU going forward.

The USD weakened Friday even as payroll data came out mixed with the unemployment rate falling and average hourly earnings rising while new jobs declined. Recent strength into the USD was due to the selloff into the Euro after ECB talked up growth concerns so buyers were already locking in gains into the US data release to take some sting out of the number. The EUR and the AUD managed to rally thanks to strength into the USD while the GBP continued to find pressure on Brexit concerns to finish weaker than the previous close. The USDJPY ended the week with a choppy session as price was capped around 111.2000 and rejected around 111.0000 even with USD weakness.

Gold had a good session as a fall in the USD gave some confidence to gold bulls and safe haven buyers. Oil ended lower Friday after an early selloff through Europe managed to run out of steam into the US session. Sellers entered the action in force to push price lower on concerns over Chinese demand for the commodity as Asia drowns in Chinese fuels which could get worse when new refining capacity begins over the next few years ( China Oil Demand ). Copper was lower through the European session after China’s trade data but managed to rebound into the US open as the USD weakened.

Cryptocurrencies edged higher as Bitcoin continues to hold below the $4000 mark currently at $3916.2 up 0.06%. Ethereum is trading at $135.65 down 0.97% while Ripple is at $0.31287 up 0.01%.

The ASX200 had a rough session Friday to end the week on a sour note down 60.1 points to 6203.8. Losses in Financial, Energy and Resources sectors led the index lower. A weaker than expected reading on China’s Trade Balance saw the selloff continue into the close on global growth concerns. Falling stocks outnumbered advancing ones by 688 to 447 and 358 ended unchanged.

The ASX200 is expected to open down 15 points as the move lower on the SPI200 continued through the European and US sessions Friday.



USD Fed Chair Powell Speaks 10am

EUR German Industrial Production and Trade Balance 6pm

EUR Eurogroup Meetings All Day

USD Retail Sales Data 11:30am

GBP MPC Member Haskel Speaks 12am