The Morning Jumpstart


  • SPI200 overnight futures up 7 pts to 5772
  • SP500 down 4.97 pts to 2607.65
  • NASDAQ down 59.58 pts to 6949.23
  • FTSE100 up 44.60 pts to 7044.74
  • DAX30 down 30.12 pts to 11940.71
  • GOLD futures down $17.90 to $1330 an ounce
  • COPPER futures down $0.05 to $300 a pound
  • OIL futures down $0.58 to $64.67 a barrel
  • CRB Index down 1.26 to 194.31
  • AUDUSD trading at 0.7663
  • EURUSD trading at 1.2309
  • GBPUSD trading at 1.4082
  • USDJPY trading at 106.8400

The US saw a relatively choppy session as major Indexes struggled to hang on to gains with tech share once again finding weakness. The DOW was down 9.29 points or 0.04% while the SP500 was down 0.29% and the NASDAQ down 0.85%. Traders steered clear of adding any risk ahead of the Easter break and in the uncertain environment. US Bond Yields eased while the VIX volatility Index was slightly higher. Traders still have their eyes on US bond yields and how to be placed as markets rotate from a regime of low interest rates and growth stocks (tech share) into a new environment with higher volatility. In Europe shares were generally stronger with defensives leading the way although tech stocks pressured the market. The DAX was lower while the FTSE finished higher.

Cryptocurrencies had a relatively mild session as Bitcoin is currently trading at $7938 up 0.49% while Ethereum is down 1.95% and Ripple down 1.06%. Other major cryptos such as EOS and Cardano had a strong night.

The USD index was higher supported by quarter end flows as sellers locked in gains and traders shook off fears of a trade war. The EUR was lower while the AUD was relatively unchanged at the end of the session. The GBP was weaker pressured by lower than expected retails sales data.

Gold caved in to finish lower as the USD strengthened and shares held their ground. Oil was lower after US Inventory data came in a lot higher than expected. Copper was relatively unchanged for the session while commodity Indexes were lower on the back of a stronger USD.

The ASX200 is expected to open flat to up 5 points. The session may be muted ahead of the Easter weekend as traders will not want to hold much risk over the break.



JPY Retail Sales 10:50pm

AUD  Private Sector Credit 11:30am

EUR  German Prelim CPI All Day

EUR  German Unemployment Change 6:55pm

GBP  Current Account, Final GDP and Net Lending to Individuals 7:30pm

CAD  GDP 11:30pm

USD  Personal Spending and Unemployment Claims 11:30pm

USD  Consumer Sentiment 1am