The Morning Jumpstart


  • SPI200 (Mar) overnight futures down 9 pts to 6209
  • SP500 up 5.99 pts to 2879.39
  • NASDAQ down 3.77 pts to 7891.79
  • Dow Jones up 166.50 pts to 26,384.63
  • FTSE100 down 16.34 pts to 7401.94
  • DAX30 up 33.61 pts to 11,988.01
  • GOLD futures US Session (June) up $2.30 to $1297.60 an ounce
  • COPPER futures US Session (Comex May) down $0.0340 to $2.9150 a pound
  • OIL futures US Session (Nymex May) down $0.34 to $62.12 a barrel
  • CRB Index up 0.19 points to 187.04
  • AUDUSD trading at 0.7116
  • EURUSD trading at 1.1223
  • GBPUSD trading at 1.3081
  • USDJPY trading at 111.6100

The US saw a more cautious tone than the previous few days as traders await to see employment data later tonight before deciding to add further risk. Traders will be watching the data for further signs that the labour market is still very robust. Trump continues to talk up trade negotiations with China saying they are going very well which buoyed the DOW. The DOW closed up 0.64% while the broader SP500 was also up 0.21% while the Nasdaq closed down 0.05%. Europe had a mixed session with the FTSE ending lower while the DAX added to previous gains to finish stronger. Germany’s factory orders data came in less than expected which was driven largely by a slump in foreign demand.

The USD rallied during the European session as traders reposition themselves ahead of US employment data. The EUR edged lower after the release of the ECB minutes which showed policy makers discussed more aggressive stimulus to support the struggling European economy. The GBP came under pressure as traders become concerned for a long brexit delay as parliament continue to argue between themselves. The AUD lost ground during the European session as the USD found strength only to make it back once the US opened to end relatively flat. The USDJPY continued to move higher as the USD rallied and a safe haven bid into the YEN held off.

Gold managed to put on some minor gains even as the USD rallied which suggests that sellers locked in some further gains ahead of the US payroll data tonight. Price saw a sharp spike lower to 1286 before rebounding back up off support in a minor show of strength from bulls. Aussie gold saw some of the same action with a spike lower to flush out support. Oil had a choppy night to swing between support around 62.00 and resistance up at 62.80 as longer term buyers locked away some gains. Copper fell away off highs as the USD rallied currently holding around support levels.

Cryptocurrencies have given up some of the recent gains as prices fall across the board. Bitcoin is currently trading at $4807.9 down 6.18% while Ethereum is trading at $155.19 down 11.32% and Ripple is at $ 0.32839 down 11.24%.

The ASX200 had a rough session and caught a lot of bulls off guard as the market opened weak and kept going lower throughout the day. The index ended down 52.2 points to 6232.8 being weighed down by Energy, Healthcare and the Gold sectors. The only real shining light for the day was the Emerging Companies sector as the rest ended in the red. Falling stocks outnumbered advancing by 607 to 504 and 353 ended unchanged.

The ASX200 is expected to open down 5/10 points after the SPI200 continued to edge lower overnight.



JPY Average Cash Earnings and Household Spending 10:30am

CNY Bank Holiday

EUR German Industrial Production 5pm

EUR French Trade Balance 5:45pm

CAD Employment Change and Unemployment Rate 11:30pm

USD Non-Farm Employment Change and Unemployment Rate 11:30pm