Gold Dec '18 (GCZ18)
Gold Futures Market News and Commentary
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
Barchart · Wed Aug 19, 6:38AM CDT
Another Watson Wednesday for the Commodity Complex with world War drums growing louder in the distance.
Blue Line Futures · Wed Aug 19, 6:10AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 726)
Barchart · Tue Aug 18, 2:43PM CDT
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...
Barchart · Tue Aug 18, 9:33AM CDT
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...
Blue Line Futures · Tue Aug 18, 6:11AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 725)
Barchart · Tue Aug 18, 4:59AM CDT
While a few markets saw what could be called Turnaround activity overnight through early Tuesday morning, the bulk of the commodity complex continues to...
Barchart · 6 minutes ago
Leidos Holdings has notably underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects....
Barchart · 10 minutes ago
The S&P 500 Index ($SPX ) (SPY ) is up by +0.33% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.47%, and the Nasdaq 100 Index ($IUXX...
Barchart · 20 minutes ago
December British pound futures present a buying opportunity on more price strength.
Barchart · 41 minutes ago
While the surface-level print of MCHP stock is unenticing, historical trends have demonstrated a propensity for a bounce-back move.
Barchart · 48 minutes ago
While Dover has lagged behind the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects....
Barchart · 1 hour ago
CoStar Group has underperformed the broader market over the past year, and analysts remain somewhat bullish about the stock’s prospects.
Barchart · 1 hour ago
Simon Property has outperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects.
Barchart · 1 hour ago
While Church & Dwight has outperformed the SPX on a YTD basis, Wall Street analysts maintain a cautiously optimistic outlook on the stock’s prospects...