The Morning Jumpstart


  • SPI200 (Mar) overnight futures down 9 pts to 6164
  • SP500 up 8.22 pts to 2791.52
  • NASDAQ up 32.97 pts to 7591.03
  • Dow Jones down 96.22 pts to 25,55466
  • FTSE100 up 20.53 pts to 7151.15
  • DAX30 down 19.31 pts to 11,524.17
  • GOLD futures US Session (April) up $10.90 to $1302.00 an ounce
  • COPPER futures US Session (Comex May) up $0.0300 to $2.9310 a pound
  • OIL futures US Session (Nymex April) up $0.13 to $56.92 a barrel
  • CRB Index up 0.81 points to 181.31
  • AUDUSD trading at 0.7082
  • EURUSD trading at 1.1294
  • GBPUSD trading at 1.3059
  • USDJPY trading at 111.2900

The US was mixed for the session with the broader market higher while the DOW ended lower being dragged down by a slump in Boeing shares. A tame reading on inflation saw US bond yields edge lower and the USD fall. Even though a lower inflation reading is good for shares, traders are still growing concerned over global growth. The DOW closed down 0.38% while the broader SP500 was up 0.30% and the Nasdaq also closing up 0.44%. In Europe, major indexes were mixed with the DAX lower while the FTSE ended higher. Prime Minister Mays Brexit plan was rejected by parliament so the next vote will be for a ‘no deal’ hard exit which may see some volatility in Europe.

The USD moved lower as inflationary data, CPI, came in as expected and took some pressure off the Fed Reserve and interest rate rises. The EUR and the AUD both ended higher on the weakness in the USD. The GBP saw a volatile session to end lower and give up previous gains as UK parliament rejected Mays Brexit plan for a second time. The USDJPY pushed above 111.2000 resistance as buyers edged into the currency but found longer term resistance at 111.4000.

Gold reversed previous losses to end the session back above the $1300 level as buyers jumped in on a weakening USD and as a safe haven hedge against Brexit and slowing global growth. Oil rallied after a Saudi official said that they plan to cut exports while a power outage in Venezuela reduced local exports also. Copper finished higher for the session although gave up a lot of gains from an earlier rally that pushed price through minor resistance at 2.9510.

Cryptocurrencies edged higher to reverse the previous sessions move to give bulls something to smile about. Bitcoin is currently trading at $3888.3 up 0.77% while Ethereum is at $133.58 up 1.22% and Ripple is at $0.31147 up 0.48%.

The ASX200 opened up strong but then faded into the close to end down 5.4 points to 6174.8 in a late session selloff. The Gold sector led the market lower to give up some of the gains from the previous session while financials also came under some selling pressure. Falling stocks outnumbered advancing ones by 571 to 543 and 374 ended unchanged.

The ASX200 is expected to open down 5/10 points as the SPI200 continued to find weakness through the overnight session.



AUD Westpac Consumer Sentiment 10:30am

JPY PPI Data 10:50am

EUR Industrial Production 9pm

GBP Annual Budget Release Tentative

USD Core Durable Goods Orders and PPI Data 11:30pm

USD Crude Oil Inventories 1:30am