The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 32 pts to 6195
  • SP500 up 13.35 pts to 2892.74
  • NASDAQ up 46.91 pts to 7938.69
  • Dow Jones up 40.36 pts to 26,424.99
  • FTSE100 up 44.93 pts to 7446.87
  • DAX30 up 21.74 pts to 12,009.75
  • GOLD futures US Session (June) up $1.30 to $1295.60 an ounce
  • COPPER futures US Session (Comex May) down $0.0010 to $2.8890 a pound
  • OIL futures US Session (Nymex May) up $0.98 to $63.08 a barrel
  • CRB Index up 0.64 points to 187.68
  • AUDUSD trading at 0.7105
  • EURUSD trading at 1.1220
  • GBPUSD trading at 1.3037
  • USDJPY trading at 111.7100

The US ended the week on a positive note as the latest labour market data showed better than expected numbers which helped ease concerns for a slowdown. US Payroll data came out at 196K vs 172K expected which helped flatten the bond yield curve. Trump is still pushing the Fed Reserve to lower interest rates to help buoy the economy although jobs numbers suggest a continued ‘patient’ stance. Weaker than expected wage growth data supported the Feds view and capped the positive bias from the employment data. The DOW closed up 0.15% while the broader SP500 was also up 0.46% and the Nasdaq closed up 0.59%. Europe also found support from better than expected industrial output data from Germany which brought in buyers to push markets higher. Expectations that Brexit will be delayed also helped buyers gain confidence into shares.

The USD gained slightly in a relatively lackluster session after the employment data release. Buyers were also supported by comments on trade from Trump who said that a deal could be announced in the next four weeks although the US trade office said there is still a lot of work to be done. The EUR gave up earlier gains made through the European session into the close after the US data release. The GBP came under further pressure as the Brexit deadline of 10th April approaches and still no deal or extension has been confirmed. The EU meet on the 10th to decide on a potential extension leaving the Pound on edge until then. The AUD eased slightly also giving up gains made through the Aussie day and European sessions. The USDJPY continued to edge higher as the USD found buying support on the better than expected employment data.

Gold bounced back from earlier weakness as buyers stepped in to support higher levels. Although the US data release showed further job gains, when traders drilled down into the data, they found concern over the lack of growth in wages. Aussie gold is showing some good signs of holding support around the $1810 zone after Friday nights action pushed prices through resistance at $1818. Oil found some good support to push back above $63 a barrel as positive news on trade helped ease concern over falling global demand. Copper came under a bit of pressure as price holds between key support and resistance zones. Buyers are still content to await further positive news on trade (not just tweets) before adding risk into the metal.

Cryptocurrencies hold onto recent gains as Bitcoin currently trades at $5132.2 up 1.20% and looking good for the bulls. Ethereum is trading at $171.54 up 3.67% while Ripple is at $0.35877 down 0.30%.

The ASX200 had another rough session for the bulls Friday as price opened weak and held the losses into the close. The Index ended down 51.5 points to 6181.3 at the end of the session. Information Tech, Healthcare and the consumer staples sectors were the biggest drag on the index with gold stocks holding up well.

The ASX200 is expected to open up 30 points as the SPI200 managed to rally off support in the US session Friday.



JPY Current Account 9:50am

AUD ANZ Job Adverts 11:30pm

EUR German Trade Balance 4pm

EUR Consumer Confidence 6:30pm

USD Factory Orders 12am