The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 24 pts to 6269 (18/4/19 Close)
  • SP500 up 2.94 pts to 2907.97
  • NASDAQ up 17.20 pts to 8015.27
  • Dow Jones down 48.49 pts to 26,511.05
  • FTSE100 down 11.44 pts to 7459.88 (18/4/19 Close)
  • DAX30 up 69.32 pts to 12,222.39 (18/4/19 Close)
  • GOLD futures US Session (June) up $0.80 to $1276.80 an ounce
  • COPPER futures US Session (Comex July) down $0.0160 to $2.9040 a pound
  • OIL futures US Session (Nymex May) up $1.70 to $65.70 a barrel
  • CRB Index up 0.79 points to 187.92
  • AUDUSD trading at 0.7137
  • EURUSD trading at 1.1260
  • GBPUSD trading at 1.2983
  • USDJPY trading at 111.9400

The US managed to close the session with gains into the Easter long weekend on relatively thin volume and then saw a mixed session overnight but with a positive bias. Solid retail sales data out Thursday along with weaker unemployment numbers continue to point to a sturdy economy which supported buyers. Overnight, traders supported energy stocks but were generally on the sidelines ahead of some of the company reports later in the week. The DOW closed down 0.18% while the broader SP500 was up 0.10% and the Nasdaq also closed up 0.22%. In Europe, major Indexes were mixed Thursday into the Easter break and were closed overnight.

The USD gained Thursday night after stronger than expected economic data but then fell away from highs the following sessions in light trading. Traders will be watching further data releases later in the week for confirmation of a buoyant economy. The EUR was sold down Thursday after the US retails sale data pushed the USD higher. Longer term sellers are still well and truly in control with major resistance up at 1.1322 holding the action down. The GBP also came under pressure from the USD as price action looks a little ominous at key support around 1.2980. If this level can not hold then sellers may take price down to 1.2790 then lower to 1.2490. The AUD continues to come under pressure from sellers on USD strength and upcoming elections. The action is held down at the 0.7158 zone. The USDJPY continues to consolidate around the 112.000 zone although recent price action is looking heavy.

Gold holds around support as the USD eased over the break and tensions over Iran and higher oil prices may bring in some safe haven buyers for the commodity. Oil surged in trading yesterday as the US moved to further shutdown Iranian oil exports which in turn tightens global supply. Copper buyers continue to be contained up near resistance levels as price reacts lower in thin trading. Iron Ore prices continue to hold highs after a rally the previous week.

Cryptocurrencies had a good Easter break to push higher as Bitcoin is currently trading at $5340.3 up 2.42% while Ethereum is trading at $171.22 up 2.57% and Ripple is at $0.32256 up 1.33%.

The ASX200 had a mixed session Thursday into the long weekend as bulls opened the market higher only for the bears to pressure the action into negative territory and then the close saw a 10 point spike. The index closed up only 3.4 points to 6259.8 in the end with the Energy and Telecommunications sectors supporting the action while Healthcare dragged it lower. Aussie employment data came out stronger than expected although the unemployment rate was 5% as expected up from 4.9%.

The ASX200 is expected to open up 30 points after a shortened session Thursday night saw the SPI200 rally back towards resistance at 6278 after the days close around 6243.


BOJ Core CPI Data 3pm

USD HPI 11pm

EUR Consumer Confidence 12am

USD New Home Sales 12am