The Morning Jumpstart


  • SPI200 overnight futures up 18 pts to 5788
  • SP500 up 18.15 pts to 2662.84
  • NASDAQ up 34.44 pts to 7076.55
  • FTSE100 up 165.49 pts to 7199.50
  • DAX30 up 347.29 pts to 12305.19
  • GOLD futures down $10.30 to $1329.90 an ounce
  • COPPER futures up $5.75 to $306.80 a pound
  • OIL futures up $0.36 to $63.73 a barrel
  • CRB Index up 1.47 to 193.81
  • AUDUSD trading at 0.7685
  • EURUSD trading at 1.2239
  • GBPUSD trading at 1.4004
  • USDJPY trading at 107.3900

The US continued the push higher as traders concern over a trade war eased and focus for now moves to US payroll data out tonight. The DOW was up 240.92 points or 0.99% with the SP500 up 0.69% and the NASDAQ dragging its feet to close up 0.49%. Traders will be watching employment data in the US for hints as to the pace of future rate hikes. US Bond yields rose with focus back on interest rates as the VIX volatility Index fell. In Europe Bond yields also rose as focus moved to global growth and away from the tariff spat. Share indexes were stronger as markets bounced from the selloff at the start of the week. Germany’s export heavy DAX Index surged to close up 2.90%.

Cryptocurrencies were relatively unchanged even with strength in the Stock markets. Bitcoin is currently trading at 6772 down 0.93% with Ethereum down 0.07% and Ripple down 1.67%.

The USD index rose to a two week high as traders see signs that the US is looking to resolve trade disputes with China.  The EUR, AUD and the GBP all found weakness as the USD rallied ahead of US payroll data that is expected to show an increase of 188,000 new jobs for the week.

Gold fell as the USD rallied and traders took on more risk and exited safe haven investments. Oil continued to gain after inventories yesterday were much weaker than expected although gains were limited on USD strength. Copper reversed losses with a strong rally as traders see the potential for the US and China to resolve their trade issues.

The ASX200 is expected to open up 20 points after the SPI200 had a good night to continue the move higher started in the previous nights session.



EUR  German Industrial Production 4pm

EUR  French Gov Budget Balance and Trade Balance 4:45pm

CAD  Employment Change and Uemployment Rate 10:30pm

USD  Non-Farm Employment Change, Unemployment Rate and Average Hourly Earnings 10:30pm

GBP  BOE Gov Carney Speaks 1:15am

USD  Fed Chair Powell Speaks 3:30am