The Morning Jumpstart


  • SPI200 overnight futures up 13 pts to 6180
  • SP500 up 5.12 pts to 2754.88
  • NASDAQ down 20.14 pts to 7692.82
  • FTSE100 up 125.83 pts to 7682.27
  • DAX30 up 67.81 pts to 12579.72
  • GOLD futures up $0.20 to $1270.70 an ounce
  • COPPER futures up $0.55 to $304.90 a pound
  • OIL futures up $3.04 to $68.58 a barrel
  • CRB Index up 3.13 pts to 197.53
  • AUDUSD trading at 0.7440
  • EURUSD trading at 1.1651
  • GBPUSD trading at 1.3261
  • USDJPY trading at 109.9700

The US finished a rough week on a positive note as Indexes edged higher on Friday night. The DOW was up 119.19 points or 0.49% while the SP500 was up 0.19% although the Nasdaq ended lower by 0.26%. Traders continued to remain cautious over trade spats as they took on more risk as fears have already been discounted into the markets. Energy lead the way in Fridays session as Oil gained over 4.5% on the Futures contract. Tariffs continue to be a focal point as rhetoric between the US and China increase and also the EU joins in the chorus to voice concerns over Trumps latest twitter rant over EU assembled cars imported into the US. In Europe markets were stronger as the Euro gained lost ground on assurances by Italian politicians that Italy would not leave the EU.

Cryptocurrencies were beaten down across the board amid regulatory scrutiny as Bitcoin is currently trading around $6173 down 0.83% while Ethereum is at $485.43 down 4.42% and Ripple is at $0.47948 down 2.61%.

The USD index ended lower as data suggests that traders turned bullish on the dollar for the first time since late July. The value of the USD was net long $8.64B as at the week ending June 19th, from a net short position of $7.42B. The EUR rallied on confirmation from Italy that they are happy in the EU. The AUD gained back some lost ground on USD weakness and also a solid night on commodity Indexes. The Pound was also higher for the session.

Gold was only slightly higher at the close supported by a weaker USD and stronger commodities. Copper gains were capped as buyers still have lingering concerns over tariffs. Oil rose sharply as OPEC agreed to only a slight increase in output, being well below some of the numbers been thrown around in anticipation ahead of the meeting.

The ASX200 is expected to open up around 10 points as the SPI200 holds on the the days gains through the European and US sessions.



EUR  German Ifo Business Climate 6pm

USD  New Home Sales