Markets are seeing a nice mix of positive and negative moves on the day today, with the equity and precious metals markets broadly trading lower. The Russell led the equities lower trading down near 0.7% while the Gold and Silver market were lower by over 1% each on the day. Both of these markets have been making strong moves to the upside over the last few weeks, and seeing days like today coming from all time highs can be expected. New Home Sales reporting came out today and came in significantly higher than expected at 800k, which was the highest number seen since February of 2022.
Outside of these markets, Copper saw a strong move higher trading almost 4% higher on the day due to disruptions at a major copper mine, and Crude Oil traded over 2% higher after a better than expected Crude Inventories report was released today. There is a strong slate of data being released tomorrow looking at Durable Goods and GDP, which could play a big role in the potential futures interest rate cuts for the remainder of the year from the Fed.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Outside of these markets, Copper saw a strong move higher trading almost 4% higher on the day due to disruptions at a major copper mine, and Crude Oil traded over 2% higher after a better than expected Crude Inventories report was released today. There is a strong slate of data being released tomorrow looking at Durable Goods and GDP, which could play a big role in the potential futures interest rate cuts for the remainder of the year from the Fed.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
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Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.