Silver May '12 (SIK12)
Silver 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
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...
Barchart · Tue May 19, 7:04AM CDT
History has taught us we should have been expecting the US president to back down his latest threat against Iran. Was Watson got off guard overnight through...
Blue Line Futures · Tue May 19, 6:22AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 662)
Barchart · Mon May 18, 2:42PM CDT
The dollar index (DXY00 ) fell from a 1.25-month high on Monday and finished down by -0.25%. The dollar gave up overnight gains on Monday and turned lower...
Barchart · Mon May 18, 9:34AM CDT
The dollar index (DXY00 ) fell from a 1.25-month high today and is down by -0.21%. The dollar gave up overnight gains today and turned lower after crude...
EdgeClear · Mon May 18, 7:02AM CDT
Platinum futures have spent the past several months in a tug of war between structurally bullish fundamentals and a market that has already priced in much...
Barchart · 2 minutes ago
Wall Street view on Walmart is an “all-weather” growth compounder.
Barchart · 13 minutes ago
Big corporations are using AI investment as an excuse to cut jobs. But according to Nvidia's VP of applied deep learning, the economics behind these mass...
Barchart · 20 minutes ago
Gen Digital Inc. has had unusually high call options volume today. The software company reported strong free cash flow (FCF) results on May 7. The unusual...
Barchart · 26 minutes ago
Corn futures are trading with contracts fractionally to a penny lower at midday on Tuesday. The CmdtyView national average Cash Corn price is down a penny...
Barchart · 26 minutes ago
Soybeans are showing fractional to 5 cent gains at midday, with new crop leading the charge. The cmdtyView national average Cash Bean price is up 3/4 cents...
Barchart · 26 minutes ago
Lean hog futures are posting 30 to 70 cent losses in the front months at Tuesday’s midday. USDA’s national base hog price was reported at $94.35 on...
Barchart · 26 minutes ago
The wheat market is trading with contracts mostly higher at midday on Tuesday. Chicago SRW futures are 5 to 6 cents higher at midday. KC HRW futures are...
Barchart · 26 minutes ago
Live cattle futures are trading with 65 cent to $1.65 gains at midday. Open interest suggested a rotation of ownership, up just 1,427 contracts. Cash trade...
