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Blue Line Futures

June 19, 2019

Morning Express: June 19, 2019

It’s Fed Day and expectations for a full dovish shift have fueled equity markets higher in recent weeks and truly all year. The S&P is about 1% from its all-time high and there is a 24.2% probability the Federal Reserve cuts rates at 1:00 pm CT.

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Blue Line Futures

June 17, 2019

Morning Express

U.S. benchmarks are firm ahead of Monday’s opening bell. Economic data from Friday was overall mixed but there were bright spots; Industrial Production beat expectations and a dismal read for April Retail Sales last month was revised much better.

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Blue Line Futures

June 14, 2019

Morning Express

U.S benchmarks notched a fundamentally and technically constructive session yesterday. Although it felt price action shrugged off soft CPI data on Wednesday, we believe this to have overall kept bidders glued to a tiring rally. First and foremost, there is absolutely nothing wrong for a rally to consolidate after running 6.7% (S&P) from low to high in just about a week.

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Briefing.com

June 13, 2019

Oil Rebounds, Futures Tick Higher

The S&P 500 futures trade 11 points, or 0.4%, above fair value, supported by a bounce in oil and by lingering optimism for the Fed’s policy decision next week. Many of the energy stocks are up in pre-market action following the sharp increase in the price of oil ($53.04/bbl, +$1.90, +3.7%), which fell over 4% yesterday.

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The Hammerstone Group

June 13, 2019

Early Look: Thursday, June 13, 2019

U.S. futures point to a bounce after slipping for a second straight session on Wednesday, dragged down by weaker energy and financial stocks (on lower oil and rising interest cut expectations), but look to steady ahead of jobless claims and import data later this morning. Oil prices surged today after reports of an attack on two tankers near Iran, boosting the region’s oil stocks.

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Blue Line Futures

June 10, 2019

FX Rundown

Fundamentals: The Dollar slipped on Friday following an underwhelming Nonfarm Payroll report. Average Hourly Earnings came in at +0.2% versus +0.3% expected and weak job growth was confirmed. This lifted the Euro to nearly a two-month high and secured a breakout above trend line resistance.

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Blue Line Futures

June 10, 2019

Grain Express

Corn futures are softer to start the week on the back of some better weather over the weekend, allowing some planting to get done in areas that are far behind. Crop progress will be released this afternoon, expectations are for the crop to be 80-85% complete, a big jump from 67% last week.

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