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Gold Feb '19 (GCG19)

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Gold Futures Market News and Commentary

Dollar Edges Higher as Stocks Slide

The dollar index (DXY00) rose by +0.10% on Tuesday.  The weakness in stocks on Tuesday increased demand for dollar liquidity.  Also, Tuesday’s rally in WTI crude oil to a 3-week high boosted inflation expectations and could prompt the Fed to tighten monetary policy, a positive factor for the dollar.  In addition, rising T-note yields are strengthening the dollar’s interest rate differentials as the 10-year T-note yield rose to a 1.5-year high of 4.75% on Tuesday.  US economic news on Tuesday was mixed for the dollar.

The US July import price index ex-petroleum rose +0.3% m/m, stronger than expectations of +0.1% m/m.

US July housing starts fell -12.4% m/m to 1.239 million, weaker than expectations of 1.345 million. However, July building permits, a proxy for future construction, rose +5.0% m/m to a 5-month high of 1.443 million, stronger than expectations of 1.375 million.

US July manufacturing production rose +0.2% m/m, right on expectations.

US July pending... Read more

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Edges Higher as Stocks Slide

The dollar index (DXY00 ) rose by +0.10% on Tuesday. The weakness in stocks on Tuesday increased demand for dollar liquidity. Also, Tuesday’s rally...

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Supported by Weak Stocks and Rising Bond Yields

The dollar index (DXY00 ) is up by +0.04% today. The weakness in stocks today has increased demand for dollar liquidity. Also, today’s rally in WTI...

Liberty silver dollar by Tony Savino via iStock
Gold & Silver Drop! Are These the Levels to Buy? Copper & Softs in Play | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 725)

3d illustration inflation and deflation graph by Deepadesigns via Shutterstock
Did the Commodities Complex See Turnaround Activity Overnight?

While a few markets saw what could be called Turnaround activity overnight through early Tuesday morning, the bulk of the commodity complex continues to...

Money transfer Global Currency by Panuwatccn via Shutterstock
Reduced Fed Rate Hike Expectations Undercut the Dollar

The dollar index (DXY00 ) fell to a 2.25-month low on Monday and finished down -0.04%. The dollar extended last week’s losses on Monday after a raft...

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Slips on Dialed-Back Fed Rate Hike Expectations

The dollar index (DXY00 ) fell to a 2.25-month low today and is down by -0.18%. The dollar extended last week’s losses today after a raft of weaker-than-expected...

LHX Stock in Focus as L3Harris Technologies Ousts CEO

L3Harris ousts CEO Christopher Kubasik and names Sam Mehta as new chief executive. Here’s what the leadership change really means for LHX shares.

BofA Survey Shows Record Expectations for ‘No Landing’ as Fed Chair Kevin Warsh Preps for Jackson Hole Debut

The pressure is on for Warsh ahead of Jackson Hole, both from soaring long-term yields and bullish fund manager forecasts.

Billionaire Michael Saylor Warns Against Buying a House Because ‘Every 36 Years You Actually Pay the Cost of the House in Tax to the Government’

Michael Saylor warns that buying a house isn't a great investment, especially in areas with high property taxes.

Bath & Body Works Stock Just Scored a New 'Buy' Rating. What to Know.

Citi upgraded Bath & Body Works shares ahead of the retailer’s Q2 earnings on Aug. 26. Here’s why analyst Paul Lejuez recommends buying BBWI stock...

Stocks Finish Lower as Chipmakers and AI Stocks Fall

The S&P 500 Index ($SPX ) (SPY ) closed down by -0.69% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.22%, and the Nasdaq...

Ahead of Walmart Earnings, Here's What Barchart Data Says Comes Next for WMT Stock

Walmart is set to report its fiscal Q2 earnings on Aug. 20. The options market believes WMT shares will sink after the earnings event.

These 2 Stocks Are Setting Off Technical Alarm Bells with $1,000+ Price Tags. Here’s the Company I’d Bet on for the Long Term.

Graham Holdings (GHC) was a bearish price surprise on Monday, down 2.2%. At the same time, Biglari Holdings (BH.A) was a bullish price surprise, up 3.56%....

AMLX Stock Soars as Amylyx GLP-1 Drug Succeeds in Late-Stage Trial

Amylyx shares rally on promising avexitide, a GLP-1 receptor antagonist, data. But should you load up on AMLX stock on strength today? Let’s find out!...

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