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Gold Micro Feb '22 (GRG22)

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Gold Micro Futures Market News and Commentary

Dollar Jumps on Hawkish Fed

The dollar index (DXY00) on Wednesday rose by +0.49%.  The dollar moved higher on Wednesday, supported by stronger-than-expected US economic reports on May retail sales and May pending home sales. The dollar raced to its high on Wednesday afternoon when the FOMC projected higher interest rates later this year. 

  

US May retail sales rose +0.9% m/m, stronger than expectations of +0.6% m/m.  Also, May retail sales ex-autos rose +0.8% m/m, stronger than expectations of +0.6% m/m.

US May pending home sales rose +3.8% m/m, stronger than expectations of +0.9% m/m and the biggest increase in 20 months.

The FOMC, as expected, voted unanimously to keep the fed funds rate target unchanged at 3.50%-3.75%, and removed language on potential additional adjustments to interest rates and declared "the committee will deliver price stability." 

The FOMC's dot plot of interest rate projections showed the committee raised its fed funds rate projection to 3.750% at the end... Read more

Copper pipes by Dijana via Pixabay
Traders Now Price an October Fed Hike | Dollar Surges | Metals Sell Off Hard | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 685)

Holding money bunched in fist by Iana Miroshnichenko via iStock
Dollar Jumps on Hawkish Fed

The dollar index (DXY00 ) on Wednesday rose by +0.49%. The dollar moved higher on Wednesday, supported by stronger-than-expected US economic reports on...

A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock
Dollar Gains on Better-Than-Expected US Economic News

The dollar index (DXY00 ) today is up by +0.12%. The dollar is moving higher today, supported by stronger-than-expected US economic reports on May retail...

Silver bullion by SonerCdem via iStock
Warsh Takes the Mic Today | Gold Eyes $4,400 | Silver Anchored at $70 | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 684)

A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Slips on Weak US Housing News and Lower Crude Prices

The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday’s weaker-than-expected US May housing starts and building permits reports undercut the...

Gold bullion stacked by Steve Bidmead via Pixabay
Geopolitics Moved Gold For A Day. Technicals Moved It For A Quarter.

Plus War's Summary and it's surprising impact on gold.

JPMorgan Analysts Say Broadcom Stock Is a 'Buy.' What to Know.

JPMorgan issued a largely bullish note on Broadcom stock. Here’s why analyst Harlan Sur recommends buying AVGO shares at current levels.

Aehr Test Systems (AEHR) Stock Spikes on New Production Order

AEHR stock rallies as management announces a new production order. Here’s how you should play Aehr shares at current levels.

These 2 Beaten-Down Market Favorites Could Be Primed for a Rebound

With strong growth trends intact, these two beaten-down favorites could be setting the stage for a significant comeback.

Bear Call Spread Ideas for FedEx Earnings Next Week

FedEx is showing an IV Percentile of 87% in advance of their earnings announcement on June 23rd. Assuming we have a bearish outlook on FDX stock, we can...

Is Masco Corporation Stock Underperforming the Nasdaq?

Masco Corporation has lagged behind the Nasdaq Composite over the past year, and analysts remain moderately bullish about the stock’s outlook.

Stocks Rally Before the Open on U.S.-Iran Peace Deal

June S&P 500 E-Mini futures (ESM26) are up +0.98%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.64% this morning, pointing to a sharply higher...

How Is Expeditors International's Stock Performance Compared to Other Transportation Stocks?

Expeditors International has outperformed its industry peers recently, yet analysts remain cautious about the stock’s prospects.

Is FactSet Research Systems Stock Underperforming the S&P 500?

FactSet Research Systems has lagged behind the S&P 500 Index over the past year, and analysts remain unsure about the stock’s growth prospects.

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