Metals Futures Prices
- Complimentary core playbook for the day session Thursday
We present our core playbook for the day.
- The week is heating up - Blue Line FX Rundown
The week is about to get busy. The Fed released the Minutes from their July rate cut. Flash PMIs are on deck. Fed Chair Powell brings the finale. What...
- The Trend Trader For Futures Trading on Thursday, August 22, 2019
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market...
- Midday Market Minute
Risk sentiment is sharply better ahead of the FOMC Minutes at 1:00 pm CT. What are the levels to trade for the ES, NQ, Crude and Gold?
- Morning Express - Blue Line Futures
ES, NQ, Crude, Gold. Actionable research out early each morning to brokerage clients with full technicals.
- Natural Gas (NG) Nearing Daily Chart Descending Wedge Resistance
Natural Gas (NG) edged higher yesterday, but can be expected to hesitate going into Thursday's highly anticipated weekly storage data at 1030am EST....
Futures Market News and Commentary
Dec Comex gold (GCZ19) on Wednesday closed unchanged, and Sep silver (SIU19) closed up +0.003 (+0.02%). Metals prices settled little changed Wednesday as a rally in equities reduced safe-haven demand for precious metals. Higher global government bond yields on Wednesday also undercut gold prices as the higher yields weigh on demand for gold as a store of value, although political turmoil in Italy and ongoing Brexit concerns are limiting losses in gold. Wednesday's U.S. economic data was supportive for silver prices after Jul existing home sales rose +2.5% to a 5-month high of 5.42 million, slightly stronger than expectations of +2.5% to 5.40 million, which is supportive for industrial metals demand. Wednesday's minutes of the Jul 30-31 FOMC meeting were negative for gold as the minutes said that last month's Fed rate cut was a mid-cycle adjustment and not the start of an extended easing cycle. Ongoing trade and geopolitical tensions, along with dovish central bank expectations, have sparked fund buying of precious metals as long gold positions in ETFs rose to a 6-1/4 year high Tuesday and long silver positions in ETFs rose to a new record high Tuesday.