Silver May '24 (SIK24)
Silver Futures Market News and Commentary
The dollar index (DXY00) dropped to a 7-week low on Friday and finished down -0.41%. The dollar tumbled on Friday after the US July payroll report showed an unexpected decline in nonfarm payrolls and a smaller-than-expected increase in average hourly earnings, dovish factors for Fed policy. Also, Friday’s rally in stocks curbed liquidity demand for the dollar. The payroll report cut the chances of a Fed rate hike at next month’s FOMC meeting to 44% from 58% before the report.
US July nonfarm payrolls unexpectedly fell by -23,000, weaker than expectations of +80,000 and the first decline in 5 months. June payrolls were revised downward to show a +20,000 increase from the previously reported +57,000. The July unemployment rate unexpectedly fell -0.1 to a 13-month low of 4.1%, showing a stronger labor market than expectations of no change at 4.2%.
US July average hourly earnings rose +0.1% m/m and +3.2% y/y, weaker than expectations of +0.3% m/m and +3.5% y/y.
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Barchart · Fri Aug 7, 2:34PM CDT
The dollar index (DXY00 ) dropped to a 7-week low on Friday and finished down -0.41%. The dollar tumbled on Friday after the US July payroll report showed...
Barchart · Fri Aug 7, 9:31AM CDT
The dollar index (DXY00 ) dropped to a 7-week low today and is down by -0.34%. The dollar tumbled today on the US July payroll report that showed an unexpected...
Blue Line Futures · Fri Aug 7, 5:59AM CDT
Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 718)
Barchart · Thu Aug 6, 2:32PM CDT
The dollar index (DXY00 ) rose by +0.26% on Thursday. The dollar rallied on Thursday amid favorable US economic news. Weekly jobless claims rose less...
Barchart · Thu Aug 6, 9:42AM CDT
The dollar index (DXY00 ) is up by +0.17% today. The dollar is moving higher today on some favorable US economic news. Weekly jobless claims rose less...
Blue Line Futures · Thu Aug 6, 6:11AM CDT
Metals Minute Phil Streible | Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 717)
Barchart · Fri Aug 7, 7:22PM CDT
Lean hog futures saw steady to 50 cent gains on Friday, with August slipped $3.35 on the week. USDA’s national base hog price was reported at $97.67...
Barchart · Fri Aug 7, 7:22PM CDT
The wheat complex is trading with contract rallying on Friday across the three markets. Chicago SRW contracts were up 7 to 9 cents, as September was down...
Barchart · Fri Aug 7, 7:22PM CDT
Cotton futures saw gains of 120 to 130 points on Friday with December up 261 points on the week. Crude oil was up 21 cents per barrel, with the US dollar...
Barchart · Fri Aug 7, 7:22PM CDT
Soybeans were mostly 1 to 3 cents lower, with August down 11 ¾ cents on the week. The cmdtyView national average Cash Bean rice was up a penny at $11.33...
Barchart · Fri Aug 7, 7:22PM CDT
Corn futures closed with contracts steady to fractionally higher at the close. The CmdtyView national average Cash Corn price was unchanged at $4.09 1/2....
Barchart · Fri Aug 7, 7:22PM CDT
Live cattle futures posted Friday gains of 35 to 50 cents in the front months, with August down a nickel this week. Cash trade has picked up this week...
Barchart · Fri Aug 7, 6:00PM CDT
Intel suspended its dividend in 2024 after a brutal stretch. Now the stock is up 389% over the past year, a real turnaround, and investors are asking whether...
Barchart · Fri Aug 7, 5:00PM CDT
Here's what the Citadel boss said about the ugly side of making money, and the psychological lessons for everyday investors.