Gold Dec '28 (GCZ28)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Monday fell by -0.01%.  The dollar erased early gains on Monday and posted modest losses on negative carryover from last Friday’s weaker-than-expected US June payroll report, which reduced the chances of the Fed tightening monetary policy, a negative factor for the dollar.
The dollar initially moved higher on Monday following the as-expected June ISM services index report. The dollar also found support amid yen weakness after Japanese authorities failed to intervene in the forex market to support the yen while US markets were closed last Friday for a holiday, a previous prime time for Japan’s intervention.Â
The US Jun ISM services index fell -0.5 to 54.0, right on expectations. The Jun ISM services price-paid sub-index eased to 67.7 from 71.3 in May, stronger than the 67.5 expected.
The swaps markets are discounting the odds at 25% for a +25 bp rate hike at the next FOMC meeting on July 28-29.
EUR/USD (^EURUSD) on Monday rose by +... Read more
Blue Line Futures · 31 minutes ago
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 695)
Barchart · Mon Jul 6, 2:35PM CDT
The dollar index (DXY00 ) on Monday fell by -0.01%. The dollar erased early gains on Monday and posted modest losses on negative carryover from last Friday’s...
Barchart · Mon Jul 6, 9:39AM CDT
The dollar index (DXY00 ) today is up by +0.22%. The dollar is moving higher today on the as-expected Jun ISM services index report. The dollar also...
Barchart · Fri Jul 3, 11:28AM CDT
Silver’s price remains above the 1980 high, a long-term technical resistance level that has become critical support. At around $62 per ounce, silver...
Barchart · Fri Jul 3, 10:00AM CDT
When copper is rising, the global economic engine is typically expanding. When it rolls over, a broader economic slowdown is usually right around the corner. Let's...
Barchart · Thu Jul 2, 2:32PM CDT
The dollar index (DXY00 ) fell to a 2-week low on Thursday and finished down by -0.52%. The dollar tumbled on Thursday after a weaker-than-expected US...
Barchart · 18 minutes ago
Fair Isaac is set to report third-quarter results soon, with analysts expecting robust double-digit EPS growth.
Barchart · 37 minutes ago
This blockbuster acquisition gives Rocket Lab something it lacked before.
Barchart · 1 hour ago
Carvana is set to announce its second-quarter earnings this month, and Wall Street expects a double-digit rise in its profits.
Barchart · 1 hour ago
A put ratio spread is an advanced option trade and generally not suitable for beginners, but it can have its place within an option portfolio.
Barchart · 1 hour ago
Cognizant Technology is set to announce its second-quarter earnings later this month, and Wall Street expects a single-digit rise in its profits.
Barchart · 1 hour ago
Albemarle is set to announce its second-quarter earnings soon, and Wall Street expects a significant surge in its profits.
Barchart · 1 hour ago
September Nasdaq 100 E-Mini futures (NQU26) are down -0.97% this morning as chipmakers came under renewed selling pressure after a blowout forecast from...
Barchart · 1 hour ago
Kraft Heinz is expected to announce its second-quarter earnings soon, and Wall Street expects its EPS to decline in the double digits.