Silver Sep '20 (SIU20)
Silver Futures Market News and Commentary
The dollar index (DXY00) on Friday fell by -0.15%. Friday’s reports that showed a smaller-than-expected increase in US March consumer prices and a plunge in the University of Michigan’s US Apr consumer sentiment index to a record low weighed on the dollar. Also, hopes that this weekend’s negotiations in Pakistan between the US and Iran will lead to peace are reducing safe-haven demand for the dollar.
The dollar recovered some of its losses Friday when Iran said there must be an immediate ceasefire in Lebanon and all Iranian blocked assets must be released “before any negotiations begin.” Also, the New York Post reported that President Trump said that US warships are being reloaded with ammunition to resume strikes on Iran in case peace talks in Pakistan fail.
US Mar CPI rose +3.3% y/y, the biggest increase in two years, but below expectations of +3.4% y/y. Mar core CPI rose +2.6% y/y, below expectations of +2.7% y/y.
US Feb factory orders were unchanged m/m, stro... Read more
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Educational and Actionable information using Fibonacci and W.D. Gann analysis.
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The dollar index (DXY00 ) on Friday fell by -0.15%. Friday’s reports that showed a smaller-than-expected increase in US March consumer prices and a plunge...
Barchart Fri Apr 10, 9:33AM CDT
The dollar index (DXY00 ) today is down by -0.26%. Today's report showing a smaller-than-expected increase in US March consumer prices is weighing on...
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Live cattle futures closed with contracts 27 cents to $2 higher at the close, as April was up $5.57 for the week. Cash trade saw some light trade at $246...
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Corn price action is up 3 to 4 cents in the front months on Monday AM trade. Futures closed out the Friday session with contracts down 1 ¼ to 3 ¾ cents...
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Soybeans are trading with front months down 1 to 2 cents, with deferred contracts up 1 1/2 cents. Futures closed the Friday session with contracts 5 to...
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