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Phil Streible breaks down key impacts on commodities and metals markets, from China’s stimulus to oil’s 9% surge on the Schwab Network. Watch how these trends could shape inflation, the Fed’s next move, and more.
The dollar index (DXY00 ) Friday rose by +0.51% and posted a 7-week high. The dollar has rallied every day this week as stronger-than-expected US economic news reduced the chances for a 50 bp Fed rate cut at next month’s FOMC meeting. Friday’s US Sep payroll report added to recent...
Stock futures are trading flat in the aftermath of the US NFP data. The data held great significance for traders and investors, providing a wealth of information about the US labor market, which the Fed closely monitors in shaping their monetary policy. The fact that the data has now provided true colours of the US labour economy means traders are trying to make some sense of all of this, and usually, it is only after the dust has settled that we get a clear direction for the markets. There were a number of important messages in this data, and traders will take their time to digest everything.
The mighty dollar's rally is about to shake the world. And GOLD.
The S&P 500 Index ($SPX ) (SPY ) today is up by +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.52%. Stocks rallied today as a stronger-than-expected US Sep payroll report bolstered...
The dollar index (DXY00 ) today is up by +0.45% at a 7-week high. The dollar has rallied every day this week as stronger-than-expected US economic news has reduced the chances for a 50 bp Fed rate cut at next month’s FOMC meeting. Today’s US Sep payroll report added to...
Keep informed on overnight market activity with today’s Metals Minute, covering essential levels and top trade insights.
The dollar index (DXY00 ) Thursday rose by +0.26% to a 6-week high. The dollar remains underpinned as heightened Middle East tensions are boosting safe-haven demand for the dollar. Also, higher T-note yields Thursday strengthened the dollar’s interest rate differentials. In addition, weakness in the yen supports the dollar as...
The S&P 500 Index ($SPX ) (SPY ) today is down by -0.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is off by -0.51%. Stocks are struggling to pick a direction ahead of Friday's key...
The S&P 500 Index ($SPX ) (SPY ) today is down by -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.15%. Stocks today are moderately lower, with the Dow Jones Industrials falling...
Get up to date with overnight shifts in today’s Metals Minute, showcasing essential levels, trade highlights, and market trends.
The dollar index (DXY00 ) Wednesday rose by +0.48% and posted a 2-1/2 week high. The dollar rose on safe-haven support from escalating Middle East tensions. Gains in the dollar accelerated after bond yields jumped on the stronger-than-expected US Sep ADP employment report, a hawkish factor for Fed policy. Also,...
Forex traders are in a frenzy as the US dollar index continues to rise, and for the past three days, we have witnessed the index gaining more strength. The question for traders is whether the index will continue to gain strength, and if so, what does this mean for the EUR-USD currency pair?
The dollar index (DXY00 ) today is up by +0.32% and posted a 2-1/2 week high. The dollar is climbing today on safe-haven support from escalating Middle East tensions. Gains in the dollar accelerated today after bond yields jumped on the stronger-than-expected US Sep ADP employment report, a hawkish factor...
Stay in the loop with today’s Metals Minute, highlighting critical levels, market insights, and must-watch trade opportunities.
The bitcoin price is under pressure once again as geopolitical tensions begin to flare up once again. There was a time when investors and traders used to look at bitcoin from a different perspective, and that perspective for them was that bitcoin is an alternative asset, and it is a kind of alternative asset that provides safety for traders in times of high uncertainty. After the Crypto King has been dubbed and known as digital gold, but the fact that it has failed investors several times as a sage haven asset class, the question for traders is whether they should begin to look at this asset class from a different perspective.
Amid multiple tailwinds, silver prices are set for a prolonged upward trend.
While China's stimulus is expected to spur its economic growth, metal and mining companies will also benefit from the recovery in China. BHP and RIO look like 2 high-yielding dividend stocks to buy for investors looking to play China's stimulus.
The dollar index (DXY00 ) Tuesday rose by +0.40% and posted a 1-1/2 week high. Escalating Middle East tensions boosted safe-haven demand for the dollar Tuesday after Iran launched a missile attack against Israel. The dollar also has carryover support from Monday when Fed Chair Powell said the FOMC is...
Bill Baruch joined the Schwab Network to look ahead in the S&P, the Fed, Gold, Silver, Crude Oil, and more
The dollar index (DXY00 ) today is up by +0.33% at a 1-1/2 week high. The dollar has carryover support from Monday when Fed Chair Powell said the FOMC is in no hurry to cut interest rates. Also, weakness in the euro is boosting the dollar after EUR/USD slid to...
Stay ahead of market trends with today’s Metals Minute, featuring crucial levels, trade strategies, and key highlights for the day.
A real bottom in the USD Index would likely trigger a sell-off in the precious metals sector...
Ongoing tensions in the Middle East aren't enough to prop up Brent crude.
The dollar index (DXY00 ) Monday rose by +0.45%. The dollar Monday recovered from overnight losses and rallied moderately on hawkish comments from Fed Governor Bowman that reduced chances for a -50 bp rate cut at the November FOMC meeting when she said core inflation remains "uncomfortably" above the Fed's...