The Morning Jumpstart


  • SPI200 overnight futures up 3 pts to 6049
  • SP500 down 19.13 pts to 2635.67
  • NASDAQ down 29.81 pts to 7100.90
  • FTSE100 up 22.84 pts to 7543.20
  • DAX30 up 190.14 pts to 12802.25
  • GOLD futures down $1.40 to $1305.40 an ounce
  • COPPER futures up $2.55 to $306.30 a pound
  • OIL futures up $0.46 to $67.71 a barrel
  • CRB Index up 0.35 to 201.60
  • AUDUSD trading at 0.7489
  • EURUSD trading at 1.1954
  • GBPUSD trading at 1.3576
  • USDJPY trading at 109.8300

The US started the session with a move higher but was then sold off after the US Fed Reserve left rates on hold. The DOW was down 174.07 points or 0.72% while the Nasdaq was down 0.42% and the SP500 down 0.72%. Traders ran for cover into the close on concerns trade relations between the US and China will worsen. News out that Trump is considering issuing an executive order restricting certain Chinese companies from selling telecommunications equipment in the US drove shares lower. With a few more weeks of trade negotiations to come, traders will be unlikely to want to take on more risk in equities. Europe was stronger boosted by some strong earnings updates and a rising tech sector after results from Apple surprised the market.

Cryptocurrencies pushed higher from yesterdays levels with Bitcoin trading at $9218 down 0.62% while Ethereum is at $686.62 and Ripple at $0.8579.

The USD was stronger putting further pressure on USD based pairs on concern over China trade.  The EUR, AUD and the GBP were all hit after the FOMC statement with the AUD hovering around the previous sessions close.

Gold again was lower as the stronger USD pressure buyers. Copper managed a bounce to finished higher while Oil also managed to gain even as US inventories rise. Trump recently slammed OPEC for artificially high prices but OPEC ministers bit back saying that there job is to manage surpluses and market stability not prices.

The ASX200 is is expected to open flat as the SPI200 held onto gains from the day session as the US was sold off late in to the close.



AUD  AIG Services Index 8:30am

AUD  Trade Balance and Building Approvals 11:30am

GBP  Services PMI 6:30pm

EUR  CPI and PPI Data 7pm

CAD Trade Balance 10:30pm

USD  Unit Labour Costs, Unemployment Claims and Trade Balance 10:30pm

USD  ISM Non-Manufacturing and Factory Orders PMI 12am