Silver Mini Sep '23 (QIU23)
Silver Mini Futures Market News and Commentary
The dollar index (DXY00) today is down by -0.33%. The dollar added to Thursday's sharp losses today, falling to a 2-week low. The strength in other G-10 currencies is weighing on the dollar today, with the euro climbing to a 1.5-week high and the yen jumping to a 2-month high. Also, today's 5% plunge in crude oil prices has eased inflation expectations, a dovish factor for Fed policy, and a negative factor for the dollar. Losses in the dollar accelerated today on the weaker-than-expected Apr ISM manufacturing report.
Heightened US-Iran tensions are boosting demand for the dollar as a safe-haven. The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. President Trump said he was sticking with a naval blockade of Iran, and Iran's Supreme Leader, Mojtaba Khamenei, vowed not to give up Iran's nuclear or missile technologies and said Iran would keep control of the Strait... Read more
Barchart · 4 minutes ago
Crude oil, gasoline, gasoline refining spreads, bitcoin, and cotton futures posted double-digit percentage gains in April, while Rotterdam coal, natural...
Barchart · Fri May 1, 9:35AM CDT
The dollar index (DXY00 ) today is down by -0.33%. The dollar added to Thursday's sharp losses today, falling to a 2-week low. The strength in other...
Barchart · Thu Apr 30, 2:32PM CDT
The dollar index (DXY00 ) on Thursday tumbled to a 1.5-week low and finished down by -0.95%. Thursday’s +2% rally in the yen weighed on the dollar after...
Barchart · Thu Apr 30, 9:50AM CDT
The dollar index (DXY00 ) today fell to a 1-week low and is down by -0.67%. Today’s +2% rally in the yen is weighing on the dollar after Japanese Finance...
Barchart · Thu Apr 30, 8:00AM CDT
Bank of America’s $309 silver call is really an upper‑bound scenario built on the gold‑to‑silver ratio snapping back to rare historical extremes,...
Barchart · Wed Apr 29, 2:37PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.27%. Wednesday’s better-than-expected US economic news on Mar housing starts and Mar core capital...
Barchart · 6 minutes ago
Crude oil, gasoline, gasoline refining spreads, bitcoin, and cotton futures posted double-digit percentage gains in April, while Rotterdam coal, natural...
Barchart · 14 minutes ago
Apple reported strong free cash flow growth (+28% YoY) and high FCF margins driven by iPhone sales and services growth. AAPL stock could be 23% undervalued...
Barchart · 19 minutes ago
July NY world sugar #11 (SBN26 ) today is up +0.35 (+2.40%), and Aug London ICE white sugar #5 (SWQ26 ) is up +7.80 (+1.78%). Sugar prices are sharply...
Barchart · 28 minutes ago
EZCORP (EZPW) has surged nearly 110% over the past year and is trading at new 10-year highs. The stock maintains a 100% “Buy” technical opinion from...
Barchart · 39 minutes ago
July ICE NY cocoa (CCN26 ) today is up +10 (+0.28%), and July ICE London cocoa #7 (CAN26 ) is up +11 (+0.41%). Cocoa prices are moving higher today, with...
Barchart · 46 minutes ago
SoFi’s underlying fundamentals remain solid. However, a slowdown in higher-margin, capital-light raises concerns.
Barchart · 54 minutes ago
July arabica coffee (KCN26 ) today is down -1.00 (-0.35%), and July ICE robusta coffee (RMN26 ) is down -12 (-0.36%). Coffee prices extended this week's...
Barchart · 59 minutes ago
There are more calls for the CFTC to step in and start regulating all the new "trading" (aka gambling) taking place in markets these days. The problem...
