Silver Feb '21 (SIG21)
Silver Futures Market News and Commentary
The dollar index (DXY00) today is unchanged. The dollar index is being undercut today as oil prices fell back by about -3%. Also, the 10-year T-note yield is down by about -3 bp after posting a new 1.5-year high earlier in the session. The dollar has underlying safe-haven support as the market is braced for a possible expansion of US military attacks on Iran, which President Trump said he is considering.
The dollar has safe-haven demand after the Iran-backed Houthis on Thursday launched a missile and drone attack on two Saudi Arabian oil tankers in the Red Sea, expanding the oil disruptions beyond the Strait of Hormuz and threatening oil shipments in the Red Sea. President Trump responded by saying he will hold Iran responsible for the Houthi attacks and telling Axios in an interview on Thursday that he is considering a "massive attack" that would be "bigger than ever before" and is "close to making a decision on it."
The Houthis have vowed to blockade shipping linke... Read more
Barchart · Fri Jul 24, 9:56AM CDT
The dollar index (DXY00 ) today is unchanged. The dollar index is being undercut today as oil prices fell back by about -3%. Also, the 10-year T-note...
Blue Line Futures · Fri Jul 24, 6:27AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 708)
Barchart · Thu Jul 23, 2:41PM CDT
The dollar index (DXY00 ) on Thursday rose by +0.35%. The dollar found support from strong US interest rate differentials, as the 10-year T-note yield...
Barchart · Thu Jul 23, 2:00PM CDT
While the U.S. dollar index measures the U.S. currency against other leading world reserve currencies, it can be a useless metric when all index components...
Barchart · Thu Jul 23, 9:54AM CDT
The dollar index (DXY00 ) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by...
Blue Line Futures · Thu Jul 23, 6:05AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 707)
Barchart · 5 minutes ago
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Barchart · 11 minutes ago
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