US$ continues to trade above 80 with its trade at 80.150 up 6.5 points as we start the week out in trade, Treasuries are still being pressured in the short term and supported in the back months. Petro Products are still falling in the “off again on again war” with Israel and Iran, putting Crude Oil down $1.51 trading at $101.80 which is pressuring all energies, some will argue this is typical during the silly season called voting for the president. Gold is trading higher by $12.30 with the trade at $1,642.40 after reaching a top of $1,648.20, Silver is down 7 cents with its trade at $31.660 after reaching as high as $32.10 in the earliest hours of trade which is pressuring Copper as well but leaving base metals higher. Grains are mostly higher with Soy Products the exception, Softs are mostly higher with Sugar flat. Meats are closed till the Chicago open, and the Paper Markets are taking the biggest brunt of heat yet on the downside, S&P is down 14.00 and trading at 1376.20 after reaching as low as 1372.00, NASDAQ is down 27.50 with its trade at 2726.25 after dipping to 2719.00 …. Stay Strong!!
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