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The dollar index (DXY00 ) on Thursday fell to a 2-1/2 week low and finished down by -0.40%. The dollar was weighed down Thursday by a decline in T-note yields. Also, Thursday’s stock rally reduced the liquidity demand for the dollar. In addition, the dollar had a negative carryover from...
With inflation still hot and uncertainty looming over the timing of Fed rate cuts, here are two dividend-paying gold mining stocks to consider while they are cheap.
Producers all want to increase copper output to take advantage of rising demand in EVs, grid infrastructure and data centers - but that bullishness isn’t translating into the huge investments needed to develop new mines. Thus, the start of a bidding war for Anglo American.
Read about the five things you should know when trading Aluminum futures contracts and how their viability makes them unique to the industry.
Short Term Elliott Wave View on Gold (XAUUSD) suggests that rally from 11.13.2023 low is unfolding as a 5 waves impulse. Up from 11.13.2023 low, wave 1 ended at 2146.79 and dips in wave 2 ended at 1973.13. The metal extended higher in wave 3 towards 2431.78.
The S&P 500 Index ($SPX ) (SPY ) is up +0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.35%. US stock indexes are higher. Optimism in the economic outlook is lifting stocks today. Stocks...
The dollar index (DXY00 ) this morning is up by +0.12%. The dollar recovered from early losses today and moved higher as T-note yields rose after today’s US economic reports showed weekly jobless claims rose less than expected and Q1 unit labor costs rose more than expected, hawkish factors for...
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. US stock indexes this morning are climbing on positive carryover from Wednesday when...
Central banks worldwide continued their strong appetite for gold, setting a new first-quarter record for net purchases, according to the latest report by the World Gold Council. Global official gold reserves grew by a net 228 tonnes in Q1 2024, surpassing the previous Q1 record set in 2013 and marking a 68% increase compared to the five-year quarterly average.
The dollar index (DXY00 ) Wednesday retreated from a 2-week high and fell by -0.35%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news on Mar JOLTS job openings and the Apr ISM manufacturing index. Losses in the dollar accelerated...
The S&P 500 Index ($SPX ) (SPY ) is down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.23%. The market is mixed the FOMC was released this afternoon. Chairman Jerome Powell announce no...
The dollar index (DXY00 ) this morning fell back from a 2-week high and is down -0.05%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news on Mar JOLTS job openings and the Apr ISM manufacturing index. The dollar today...
The S&P 500 Index ($SPX ) (SPY ) is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. The FOMC was released this afternoon . Chairman Jerome Powell announced no change in the...
Explore the potential of investing in copper through two key ETFs, which are poised to benefit from increasing demand for the metal in AI and renewable energy initiatives.
The dollar index (DXY00 ) on Tuesday rose to a 1-week high and finished up by +0.60%. The dollar rallied Tuesday after T-note yields jumped when the US Q1 employment cost index rose more than expected, a sign of wage pressures and a hawkish factor for Fed policy. Falling stock...
Pan American Silver (PAAS) is a well-established Canadian silver mining company operating globally. It has assets primarily in the Americas, including Mexico, Peru, Bolivia, and Argentina. Known for its extensive experience and diversified portfolio, PAAS engages in exploration, development, and production of silver, gold, zinc, lead, and copper.
Both key precious metals moved decisively lower today, which is in perfect tune with their recent price patterns.
The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.19%. US stock indexes this morning are moderately lower. Rising labor costs are pushing...
The dollar index (DXY00 ) today is up by +0.28%. The dollar is moving higher today after T-note yields jumped when the US Q1 employment cost index rose more than expected, a sign of wage pressures and a hawkish factor for Fed policy. Falling stock prices today are also boosting...
The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.35%. US stock indexes this morning are moderately lower. Rising labor costs are pushing...
Short Term Elliott Wave View on (GDX) suggests that rally to 35.74 ended wave 3 on April 12, 2024. From there, the ETF pullback as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 33.44 and wave (b) ended at 34.35.
The dollar index (DXY00 ) on Monday fell by -0.29%. The dollar on Monday posted moderate losses, weighed down by lower T-note yields. Also, Monday’s stock rally reduced liquidity demand for the dollar. In addition, strength in the yen undercut the dollar on reports that Japanese authorities intervened in the...
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. US stock indexes this morning are moderately higher, with the S&P 500 and...
The dollar index (DXY00 ) this morning is down by -0.14%. The dollar today is posting moderate losses, weighed down by lower T-note yields. Also, today’s stock rally has reduced liquidity demand for the dollar. In addition, strength in the yen is undercutting the dollar on reports that Japanese authorities...
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.21%. US stock indexes this morning are moderately higher, with the S&P 500 and...
