Silver Mini Jul '26 (QIN26)
Silver Mini Futures Market News and Commentary
The dollar index (DXY00) today is up by +0.17%. The dollar is moving higher today as higher T-note yields are strengthening the dollar's interest rate differentials. The 10-year T-note yield jumped to a 16-month high today of 4.685%. Also, weakness in stocks today is boosting liquidity demand for the currency.  In addition, the ongoing US-Iran war is boosting demand for the dollar as a safe haven. The dollar added to its gains today on the stronger-than-expected Apr pending home sales report.
US Apr pending home sales rose +1.4% m/m, stronger than expectations of +1.0% m/m. Also, Mar lending home sales were revised upward to +1.7% m/m from the previously reported +1.5% m/m.
Swaps markets are discounting the odds at 4% for a 25 bp rate cut at the next FOMC meeting on June 16-17.
EUR/USD (^EURUSD) fell to a 1.25-month low today and is down -0.52%. The dollar's strength today is weighing on the euro.  On the positive side for the euro is today's hawkish comments... Read more
Barchart · Tue May 19, 9:42AM CDT
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