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Silver Sep '19 (SIU19)

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Silver Futures Market News and Commentary

Dollar Retreats and Gold Rallies on Fed Rate Hike Doubts

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.

US... Read more

Federal Reserve Building 2 by Jeremy Edwards via iStock
Dollar Retreats and Gold Rallies on Fed Rate Hike Doubts

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...

Puzzle of money by TPopova via iStock
Dollar Falls and Gold Soars on the Weak US Payroll Report

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...

Stacked silver bars by Tookapic via Pixabay
Gold & Silver Explode Overnight! The Driver No One is Talking About | Metals Minute Phil Streible

Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 718)

Pile of money with hands by Sergey Nazarov via iStock
Dollar Rallies on Solid US Economic News and Soaring Crude Prices

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...

Image by Karolina Kaboompics via Pexels
Dollar Gains on Favorable US Economic News

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...

Silver nuggets and ingot by Mike Maniatis via Shutterstock
Gold & Silver Breakout! Copper Export Ban | Key Levels to Watch | Metals Minute Phil Streible

Metals Minute Phil Streible | Dive into today's market action with the Blue Line Futures Metals Minute! (Episode 717)

Advanced Micro Devices Reported Record Revenue. AMD Stock Sank Anyway.

AMD’s shares sank after its Q2 results despite better-than-expected earnings.

Dear Baidu Stock Fans, Mark Your Calendars for August 18

Chinese tech giant Baidu is set to report Q2 results on Aug. 18 as investors watch closely.

Dear Intuitive Machines Stock Fans, Mark Your Calendars for August 13

With record first-quarter results setting a high bar, Intuitive Machines' Aug. 13 earnings could be a further defining moment for investors.

Dear Palo Alto Stock Fans, Mark Your Calendars for September 1

Palo Alto is nearing its latest earnings release, backed by strong execution and AI security tailwinds.

What Do Cost of Carry Tables Tell Us Heading Into Fall Harvest?

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.

1 Million Reasons to Buy SoFi Stock Now

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.

Billionaire Jensen Huang Says That When America Goes to War He Would Rather Not Be Asked About His Own Technology: ‘I Would Really Appreciate Not Getting a Phone Call…'

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...

Why Warren Buffett Called This Investment His ‘Most Gruesome’ Mistake — ‘Deserves a Spot in the Guinness Book’

Paying for Dexter Shoe with Berkshire Hathaway stock, wrote Buffett, was a ‘financial disaster’ for his company and its shareholders.

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