Silver Sep '19 (SIU19)
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 · 28 minutes ago
AMD’s shares sank after its Q2 results despite better-than-expected earnings.
Barchart · 43 minutes ago
Chinese tech giant Baidu is set to report Q2 results on Aug. 18 as investors watch closely.
Barchart · 43 minutes ago
With record first-quarter results setting a high bar, Intuitive Machines' Aug. 13 earnings could be a further defining moment for investors.
Barchart · 43 minutes ago
Palo Alto is nearing its latest earnings release, backed by strong execution and AI security tailwinds.
Barchart · Sun Aug 9, 4:45AM CDT
As the US fall harvest gets underway, it is time to look at Barchart's Cost of Carry tables to tell us if we need to hold 'em, or fold 'em.
Barchart · Sat Aug 8, 2:30PM CDT
SoFi Plus hit 200K paid members in one quarter. CEO Anthony Noto wants 1 million within a year. Here's why that target matters for SOFI stock.
Barchart · Sat Aug 8, 1:30PM CDT
Jensen Huang addressed the ongoing conflict between Anthropic and the Pentagon, saying he isn't elected and has no right to stand in the way of elected...
Barchart · Sat Aug 8, 1:00PM CDT
Paying for Dexter Shoe with Berkshire Hathaway stock, wrote Buffett, was a ‘financial disaster’ for his company and its shareholders.