At-a-Glance
Today’s Top Highlights
As we close out this week, there has been a lot of volatility and negative price action on the equities and precious metals, but the last 2 days of this week started to change that. The equity markets have been under pressure for the entire month of July, and the Nasdaq has taken most of the hit as the negativity came from selling pressure from large tech stocks. The last 2 days showed positive price action after rebounding from technically “oversold” levels and some positive earnings reports released yesterday looking at Apple and Amazon. This move today and yesterday does not negate the move lower we saw during the month, but shows buyers are still ready to step in when prices get hit to the downside.
Looking for the month of July, Gold and Silver saw some good back and forth price action, but ultimately traded relatively flat for the month, not being able to get strong momentum in either direction. These markets experienced more selling pressure before July began and are still looking for a direction to trade, either back towards the recent highs or carving out new low prices. The Fed did decide to keep interest rates as they are, and now there is still uncertainty about the September meeting and if that will bring rate hikes, which could shake up these markets that have already been volatile.
Interested in shaping CME Group’s future offerings? Complete this quick 2-minute survey to become eligible for future rewarded research opportunities.
Explore Additional Market Commentary
Traders Resources
The information in the market commentaries have been obtained from sources believed to be reliable, but we do not guarantee its accuracy and expressly disclaim all liability. Neither the information nor any opinions expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts. The information on this site compiled by CME Group is for general purposes only. All information and data herein is provided as-is. Additionally, all examples on this site are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. CME Group assumes no responsibility for any errors or omissions. CME Group, its affiliates and any third party information and content providers expressly disclaim all liability with respect to the information and data contained herein including without limitation, any liability with respect to the accuracy or completeness of any data. You use the data herein solely at your own risk. All data and information provided herein is not intended for trading purposes or for trading advice. All matters pertaining to rules and specifications herein are made subject to and superseded by official CME, CBOT, NYMEX and COMEX rules. Current rules should be consulted in all cases concerning contract specifications.
Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Due to the leveraged nature of futures trading and swaps trading, it is possible to lose more than the amount deposited in a position. Therefore, traders should not deposit more funds than they can afford to lose without negatively affecting their lifestyles. A trader cannot expect to profit on each trade, and should only devote a small amount of their available funds to each trade. All references to options refer to options on futures.
Past performance is not necessarily indicative of future performance.
CME Group, the Globe Logo, Chicago Mercantile Exchange, Globex and CME are trademarks of Chicago Mercantile Exchange Inc. CBOT is the trademark of the Board of Trade of the City of Chicago, Inc. NYMEX is the trademark of the New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other marks are the property of their respective owners. Each of Chicago Mercantile Exchange Inc. (ARBN 103 432 391), The Board of Trade of the City of Chicago Inc (ARBN 110 594 459), the New York Mercantile Exchange Inc (ARBN 113 929 436) and Commodity Exchange, Inc. (ARBN 622 016 193) is a registered foreign company in Australia and holds an Australian market licence.
This site does not constitute a prospectus, product disclosure statement or legal advice, nor is it a recommendation to buy, sell or retain any specific investment or to utilise or refrain from utilising any particular service. Readers should consult their legal advisors for legal advice in connection with the matters covered on this site.
