The Morning Jumpstart


  • SPI200 overnight futures down 14 pts to 6002
  • SP500 Closed
  • NASDAQ Closed
  • FTSE100 Closed
  • DAX30 down 74.55 pts to 12863.46
  • GOLD futures down $6.30 to $1302.70 an ounce
  • COPPER futures down $0.70 to $307.05 a pound
  • OIL futures down $1.41 to $66.47 a barrel
  • CRB Index Closed
  • AUDUSD trading at 0.7544
  • EURUSD trading at 1.1625
  • GBPUSD trading at 1.3311
  • USDJPY trading at 109.4100

The US was closed for Memorial Day holiday. US bond yields are back below the important 3.00% level as the last few sessions have seen bond prices rally. Oil was lower in light trading as Saudi Arabia and Russia said they may increase supplies while US production gains showed no sign of slowing. In Europe markets came under pressure as Italian politics brings in renewed concern causing bond yields to rally and stocks to give up earlier gains as Italy’s anti-establishment 5-Star and League parties abandoned plans to form a government. London was closed for a bank holiday.

Cryptocurrencies continued to come under pressure as Bitcoin currently trades at $7161 down 2.65%, Ethereum at $515.94 down 9.71% and Ripple at $0.55656 down 8.72%.

The USD was up for the shortened trading session. The GBP and AUD were unchanged for the session as London was closed while the EUR edged lower giving up earlier gains as Italy heads for fresh elections under continued political turmoil.

Gold was lower in a shortened trade session as traders unwound some of the gains from the previous move up off $1290.  Copper was also lower as USD rallied to put further pressure on the metal while Oil had another solid down day on potential rising supply and as traders locked in gains from the previous strong rally.

The ASX200 is expected to open down 10 points as the ASX200 continues to find selling pressure.



JPY  Unemployment Rate 9:30am

CHF  Trade Balance 4pm

EUR  M3 Money Supply and Private Loans 6pm

USD  CB Consumer Confidence 12am

NZD  RBNZ Financial Stability Report 7am