Silver Mar '24 (SIH24)
Silver Futures Market News and Commentary
The dollar index (DXY00) fell from a 2.5-week high today and is down by -0.11%. The dollar gave up an overnight advance and turned lower today when WTI crude oil dropped from a 6-week high and moved lower, which eased inflation expectations, a dovish factor for Fed policy. The dollar also fell after the Aug ADP employment change rose less than expected, helping knock T-note yields lower.
The dollar initially moved higher today after escalation of US-Iran hostilities boosted crude oil prices and pushed the 10-year T-note yield to a 2.75-year high, strengthening the dollar’s interest rate differentials. Overnight losses in stock index futures also boosted demand for dollar liquidity.
The US Aug ADP employment change rose by +38,000, showing a slightly weaker labor market than expectations of +47,000.
US July factory orders rose +0.9% m/m, stronger than expectations of +0.7% m/m. Also, July factory orders ex-transportation rose +0.6% m/m, stronger than expectatio... Read more
Barchart · Wed Sep 2, 9:43AM CDT
The dollar index (DXY00 ) fell from a 2.5-week high today and is down by -0.11%. The dollar gave up an overnight advance and turned lower today when WTI...
Blue Line Futures · Wed Sep 2, 6:08AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 737)
Gold Price Forecast · Tue Sep 1, 4:23PM CDT
Gold fell just like we forecasted. What's next?
Barchart · Tue Sep 1, 2:34PM CDT
The dollar index (DXY00 ) rose by +0.27% on Tuesday. Soaring T-note yields on Tuesday strengthened the dollar’s interest rate differentials and pushed...
Barchart · Tue Sep 1, 2:00PM CDT
August was a bullish month for commodities, with gains in most sectors except for animal proteins and lumber. Ongoing conflicts in Ukraine and the Middle...
Barchart · Tue Sep 1, 9:34AM CDT
The dollar index (DXY00 ) is up by +0.12% today. Soaring T-note yields today have strengthened the dollar’s interest rate differentials and are pushing...
Barchart · 23 minutes ago
October NY world sugar #11 (SBV26 ) is up +0.37 (+2.02%) today, and October London ICE white sugar #5 (SWV26 ) is +7.40 (+1.39%). Sugar prices are sharply...
Barchart · 24 minutes ago
AeroVironment’s upcoming Q1 results are expected to offer investors fresh clues on demand, execution, growth, and profitability.
Barchart · 41 minutes ago
December ICE NY cocoa (CCZ26 ) is down -262 (-3.99%) today, and December ICE London cocoa #7 (CAZ26 ) is down -210 (-4.36%). Cocoa prices are sharply lower...
Barchart · 43 minutes ago
SK hynix could be laying the groundwork for its next growth phase with its potential Japan expansion. Is SKHY now a buy, sell, or hold?
Barchart · 49 minutes ago
While Medtronic has outperformed relative to the Dow over the past three months, Wall Street analysts maintain a cautiously optimistic outlook on the stock’s...
Barchart · 54 minutes ago
Plains All American Pipeline (PAA) demonstrates strong technical momentum, with shares up more than 45% over the past year. The stock is trading at a new...
Barchart · 59 minutes ago
December arabica coffee (KCZ26 ) is down -11.55 (-3.73%) today, and November ICE robusta coffee (RMX26 ) is down -59 (-1.70%). Coffee prices extended their...
Barchart · 1 hour ago
Vertex Pharmaceuticals has underperformed the Biotech industry over the past year, but analysts are moderately optimistic about the stock’s prospects....