Silver May '24 (SIK24)
Silver Futures Market News and Commentary
The dollar index (DXY00) rallied to a 2.5-week high on Friday and finished up by +0.47%. The dollar rallied on Friday on concerns that strong US economic news and soaring crude oil prices will prompt the Fed to tighten monetary policy, a bullish factor for the dollar. Friday's economic news was bullish for the dollar after the May Empire manufacturing survey general business conditions unexpectedly rose to a 4-year high, and Apr manufacturing production posted its biggest increase in 14 months. Also, the 10-year T-note yield rose to an 11.75-month high of 4.60% on Friday, strengthening the dollar's interest rate differentials. Finally, slumping equity markets on Friday boosted liquidity demand for the dollar.
The US May Empire manufacturing survey of general business conditions unexpectedly rose +8.6 to a 4-year high of 19.6, stronger than expectations of a decline to 7.2.
US Apr manufacturing production rose +0.6% m/m, stronger than expectations of +0.2% m/m and the... Read more
ONE44 Analytics · Sun May 17, 3:32PM CDT
Educational and Actionable information using Fibonacci and W.D. Gann analysis. NEW VIDEO!
Barchart · Fri May 15, 2:33PM CDT
The dollar index (DXY00 ) rallied to a 2.5-week high on Friday and finished up by +0.47%. The dollar rallied on Friday on concerns that strong US economic...
Barchart · Fri May 15, 10:43AM CDT
Platinum is hovering around $2,000 per ounce, $925 below its late January all-time high. Platinum’s current consolidation could be the perfect time to...
Barchart · Fri May 15, 9:38AM CDT
The dollar index (DXY00 ) rallied to a 2.5-week high today and is up by +0.39%. The dollar is climbing today on concerns that strong US economic news...
Barchart · Fri May 15, 6:54AM CDT
All it took was one look at Friday morning markets to confirm what the trip by the US contingent to China was all about - Selling ill-gotten oil.
Blue Line Futures · Fri May 15, 6:31AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 660)
Barchart · Sun May 17, 2:00PM CDT
Microsoft trades at a more attractive valuation relative to peers like Alphabet and Amazon.
Barchart · Sun May 17, 1:53PM CDT
Nvidia stock is back near record highs. Wolfe Research doubled down on its bullish AI thesis, arguing hyperscalers “have no choice but to spend” amid...
Barchart · Sun May 17, 12:00PM CDT
Markets face a reasonably quiet week, but it will be dominated by Wednesday's Nvidia (NVDA) earnings and Alphabet's two-day developer conference, creating...
Barchart · Sun May 17, 11:00AM CDT
Taiwan Semiconductor has raised its global 2030 chip market forecast to $1.5 trillion from $1 trillion.
Barchart · Sun May 17, 10:00AM CDT
Dell Technologies is set to report fiscal Q1 2027 earnings toward month's end, coming off record revenue of $33.4 billion. Investors will be watching.
Barchart · Sun May 17, 10:00AM CDT
Nokia shares jumped more than 10% after Cisco’s strong fiscal Q3 2026 results, as investors increasingly view the company as a beneficiary of surging...
Barchart · Sun May 17, 9:15AM CDT
Verizon Partners with Anthropic to integrates its Claude artificial intelligence model Mythos.
Barchart · Sun May 17, 9:14AM CDT
While Darden Restaurants has considerably underperformed the broader market over the past 52 weeks, Wall Street analysts maintain a moderately optimistic...
