Silver Sep '18 (SIU18)
Silver Futures Market News and Commentary
The dollar index (DXY00) is up by +0.05% today. The dollar found support today after WTI crude oil prices rose more than +2% to a 1-week high, which raises inflation expectations and may persuade the Fed to tighten monetary policy, a supportive factor for the dollar. However, the dollar fell back from its best level as crude prices erased most of their overnight gains when Pakistan signaled the US and Iran were close to an arrangement that could reopen the Strait of Hormuz.
US July existing home sales fell -1.7% m/m to 4.06 million, close to expectations of 4.05 million.
The risk of a renewed flare-up across the Middle East remains high, which is providing safe-haven demand for the dollar. Another UAE tanker was targeted by an Iranian missile on Saturday while transiting the Strait of Hormuz. Also, on Sunday, Houthi militants in Yemen claimed an attack on Saudi Arabia's Jazan refinery.
The markets are discounting a 48% probability of a +25 bp rate hike at the... Read more
Barchart · 17 minutes ago
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Barchart · Tue Aug 11, 9:33AM CDT
The dollar index (DXY00 ) is up by +0.05% today. The dollar found support today after WTI crude oil prices rose more than +2% to a 1-week high, which...
Barchart · Tue Aug 11, 6:30AM CDT
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Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 720)
Barchart · 6 minutes ago
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Barchart · 32 minutes ago
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Barchart · 56 minutes ago
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