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Gold Dec '18 (GCZ18)

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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

Commodities on laptop keyboard by Maxx-Studio via Shutterstock
What Will Watson Do Wednesday?

Another Watson Wednesday for the Commodity Complex with world War drums growing louder in the distance.

Silver bars stacked by Walter Freudling via Pixabay
Gold, Silver, Copper & Crude in Play! Bond Yields Hit 19-Year High | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 726)

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...

Are Wall Street Analysts Bullish on Leidos Holdings Stock?

Leidos Holdings has notably underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects....

Stocks Mixed on Lower Bond Yields and Chip Stock Weakness

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...

As Pressure on the Dollar Ramps Up, Make This 1 Trade Now

December British pound futures present a buying opportunity on more price strength.

Deflated Microchip Technology Stock Could Target a Contrarian Move to $85

While the surface-level print of MCHP stock is unenticing, historical trends have demonstrated a propensity for a bounce-back move.

Do Wall Street Analysts Like Dover Stock?

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....

Is Wall Street Bullish or Bearish on CoStar Group Stock?

CoStar Group has underperformed the broader market over the past year, and analysts remain somewhat bullish about the stock’s prospects.

Are Wall Street Analysts Bullish on Simon Property Stock?

Simon Property has outperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects.

Church & Dwight Stock Outlook: Is Wall Street Bullish or Bearish?

While Church & Dwight has outperformed the SPX on a YTD basis, Wall Street analysts maintain a cautiously optimistic outlook on the stock’s prospects...

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