Silver Aug '23 (SIQ23)
Silver Futures Market News and Commentary
The dollar index (DXY00) today is up +0.15%, just below Thursday's 6-week high. The dollar is supported by hawkish comments from Fed Governor Christopher Waller, who said he supports a Fed rate increase if inflation doesn't soon slow. Gains in the dollar are limited by today's downward revision to the University of Michigan’s May US consumer sentiment index to a record low. Also, today's rally in stocks curbs liquidity demand for the dollar.
The University of Michigan’s May US consumer sentiment index was revised lower to a record low of 44.8 (data from 1978), weaker than expectations of no change at 48.2.
The University of Michigan’s US May 1-year inflation expectations rate was revised upward to a 9-month high of +4.8% from +4.5%, stronger than the +4.6% expected. Also, May 5-10 year inflation expectations rate was revised upward to a 7-month high of +3.9%, stronger than expectations of no change at +3.4%.
Fed Governor Christopher Waller said he supports maki... Read more
Barchart · 56 minutes ago
The dollar index (DXY00 ) today is up +0.15%, just below Thursday's 6-week high. The dollar is supported by hawkish comments from Fed Governor Christopher...
Blue Line Futures · Fri May 22, 6:14AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 665)
Barchart · Thu May 21, 2:38PM CDT
The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait...
Barchart · Thu May 21, 9:36AM CDT
The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz...
Blue Line Futures · Thu May 21, 6:11AM CDT
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 664)
Barchart · Wed May 20, 2:38PM CDT
The dollar index (DXY00 ) fell from a 6-week high on Wednesday and finished down by -0.24%. The dollar gave up an early advance on Wednesday and moved...
Barchart · 3 minutes ago
July WTI crude oil (CLN26 ) today is up +1.31 (+1.36%), and July RBOB gasoline (RBN26 ) is up +0.0831 (+2.54%). Crude oil rebounded from a 1-week low...
Barchart · 22 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.50%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · 25 minutes ago
ICE cotton futures bottomed in early February and had recovered by over 45%. Commodity cyclicality kicked in, boosting cotton prices during months when...
Barchart · 26 minutes ago
Despite Lockheed Martin’s underperformance relative to the broader market over the past 52 weeks, Wall Street analysts maintain a moderately optimistic...
Barchart · 43 minutes ago
Parker-Hannifin has outperformed the broader market over the past year, and analysts remain highly optimistic about the stock’s prospects.
Barchart · 59 minutes ago
The dollar index (DXY00 ) today is up +0.15%, just below Thursday's 6-week high. The dollar is supported by hawkish comments from Fed Governor Christopher...
Barchart · 1 hour ago
August live cattle futures present a selling opportunity on more price weakness.
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.54%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
