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FX News and Commentary

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Sat, May 18th, 2024
Dollar Little Changed on Mixed Fed Comments

The dollar index (DXY00 ) on Friday fell by -0.01%. The dollar was under pressure Friday on dovish comments from Atlanta Fed President Bostic, who said if the outlook unfolds as he expects, “it will...

DXY00 : 104.445s (-0.02%)
^EURUSD : 1.08695 (+0.02%)
^USDJPY : 155.672 (+0.18%)
GCM24 : 2,417.4s (+1.34%)
SIN24 : 31.259s (+4.63%)
Stock Indexes Mixed as They Consolidate Below Record Highs

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. US stock indexes today are...

$SPX : 5,303.27 (+0.12%)
SPY : 529.45 (+0.14%)
$DOWI : 40,003.59 (+0.34%)
DIA : 399.95 (+0.33%)
$IUXX : 18,546.23 (-0.06%)
QQQ : 451.76 (-0.05%)
ZNM24 : 109-060s (-0.27%)
TTWO : 147.84 (+1.20%)
AMD : 164.47 (+1.14%)
DD : 79.91 (+3.02%)
FCX : 54.23 (+4.21%)
DOCS : 28.03 (+18.07%)
Dollar Finds Support from Higher Bond Yields

The dollar index (DXY00 ) today is up by +0.12%. Higher T-note yields today are supportive of the dollar. The dollar also garnered some support today from mixed economic news from China, which showed...

DXY00 : 104.445s (-0.02%)
^EURUSD : 1.08695 (+0.02%)
^USDJPY : 155.672 (+0.18%)
GCM24 : 2,417.4s (+1.34%)
SIN24 : 31.259s (+4.63%)
Dollar Ends Higher and Gold Falls on Hawkish Fed Comments

The dollar index (DXY00 ) on Thursday recovered from an early 5-week low and finished up +0.12%. The dollar found support Thursday from higher T-note yields. Also, comments from Cleveland Fed President...

DXY00 : 104.445s (-0.02%)
^EURUSD : 1.08695 (+0.02%)
^USDJPY : 155.672 (+0.18%)
GCM24 : 2,417.4s (+1.34%)
SIN24 : 31.259s (+4.63%)
How is the Dollar Index Declining Even Though it is Slightly Higher?

The dollar index has edged higher from the level in late February 2024. However, other markets are screaming the dollar index is losing value even though it has posted a slight gain.

$DXY : 104.49 (-0.01%)
GCM24 : 2,417.4s (+1.34%)
UUP : 28.56 (unch)
UDN : 18.07 (-0.03%)
Stock Indexes Pull Back From This Morning's Record Highs

The S&P 500 Index ($SPX ) (SPY ) is down -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.09%. US stock indexes are moderately...

$SPX : 5,303.27 (+0.12%)
SPY : 529.45 (+0.14%)
$DOWI : 40,003.59 (+0.34%)
DIA : 399.95 (+0.33%)
$IUXX : 18,546.23 (-0.06%)
QQQ : 451.76 (-0.05%)
ZNM24 : 109-060s (-0.27%)
WMT : 64.65 (+1.00%)
TGT : 160.13 (-0.32%)
DLTR : 117.31 (-3.29%)
COST : 795.81 (+0.35%)
DG : 142.13 (-3.04%)
Dollar Firms on Higher US T-Note Yields

The dollar index (DXY00 ) dollar today recovered from an early 5-week low and is up +0.25%. The dollar is seeing support from a rebound in T-note yields. Today’s US economic reports were mixed for...

DXY00 : 104.445s (-0.02%)
^EURUSD : 1.08695 (+0.02%)
^USDJPY : 155.672 (+0.18%)
GCM24 : 2,417.4s (+1.34%)
SIN24 : 31.259s (+4.63%)
Dollar Falls and Gold Rallies on Dovish US Economic Reports

The dollar index (DXY00 ) on Wednesday fell by -0.64% and posted a 5-week low. Wednesday’s US economic reports were dovish for the Fed and weighed on the dollar. Also, Wednesday’s rally in the S&P...

DXY00 : 104.445s (-0.02%)
^EURUSD : 1.08695 (+0.02%)
^USDJPY : 155.672 (+0.18%)
GCM24 : 2,417.4s (+1.34%)
SIN24 : 31.259s (+4.63%)
Dollar Slumps and Gold Rallies on Fed Rate Cut Hopes

The dollar index (DXY00 ) today is down by -0.26% and dropped to a 5-week low. Today’s US economic reports were dovish for the Fed and weighed on the dollar. Today’s rally in the S&P 500 to a record...

DXY00 : 104.445s (-0.02%)
^EURUSD : 1.08695 (+0.02%)
^USDJPY : 155.672 (+0.18%)
GCM24 : 2,417.4s (+1.34%)
SIN24 : 31.259s (+4.63%)
GBPCAD advances bullish sequence from equal leg

Hello traders. In this blog post, we will look at how (GBPCAD) advances bullish sequence from late 2023 after it bounced from an equal leg area. As you know, we analyze and trade 78 instruments with members...

^GBPCAD : 1.72893 (+0.21%)

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Ethereum $ETH has fallen to its lowest valuation against Bitcoin $BTC in more than 3 years. This is one ugly chart! https://t.co/Nfo6fGPGJ3
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Gold hits highest closing price in history 🚨 https://t.co/kTuBs3Uc5r https://t.co/YwLitO7Avv
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Copper Production by Country - Top 3 are Chile, Peru, Congo https://t.co/WQGLQmCLqZ
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Chinese Stocks form a Golden Cross https://t.co/CoiC6AkHdh
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Alphabet Insider Trading Alert 🚨 CEO Sundar Pichai just sold 22,500 $GOOG shares for a total value of $3.9 million. He's now sold more than $27 million worth of shares this year. https://t.co/8rw6KpASny https://t.co/gJHTQ646nr
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Butter hits highest price since Halloween 🎃 Between OJ, Cheese, and Butter, this is concerning folks 🙏🤲 https://t.co/IhS3qP86Gx
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Cheese hits highest price since November 2022 😢🤦‍♂️ https://t.co/kPVGh9AORE
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BREAKING 🚨: CBOE Volatility Index $VIX closed under 12 for the first time since November 27, 2019 https://t.co/3glFFwDtZ6 https://t.co/P8GngCVhXT
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Median Home Sales Price hits an all-time high of $434,000 in the U.S. https://t.co/d0vFEN8J5E
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Silver posts biggest gain since December 14 https://t.co/CMRcKmTdFK

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Abercrombie & Fitch Company (ANF)

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