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FX News and Commentary

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Wed, May 29th, 2024
Dollar Recovers Early Losses as T-Note Yields Jump

The dollar index (DXY00 ) Tuesday rose slightly by +0.02%. The dollar Tuesday recovered from a 1-1/2 week low and posted modest gains after a jump in T-note yields sparked short covering in the dollar....

DXY00 : 104.704 (+0.09%)
^EURUSD : 1.08472 (-0.09%)
^USDJPY : 157.150 (-0.02%)
GCM24 : 2,342.8 (-0.58%)
SIN24 : 32.140 (+0.01%)
The Role of Safe Haven Currencies

The U.S. dollar, Swiss franc and Japanese yen are among the most commonly cited safe haven currencies. CME Group offers FX futures and options in the major currency pairs.

Dollar Falls on Strength in the British Pound

The dollar index (DXY00 ) today is down by -0.08% at a 1-1/2 week low. Strength in the British pound is undercutting the dollar as (^GBPUSD ) today rallied to a 2-1/4 month high. The dollar recovered...

DXY00 : 104.704 (+0.09%)
^GBPUSD : 1.27581 (-0.03%)
^EURUSD : 1.08472 (-0.09%)
^USDJPY : 157.150 (-0.02%)
GCM24 : 2,342.8 (-0.58%)
SIN24 : 32.140 (+0.01%)
Dollar Declines as Stocks and the Euro Rally

The dollar index (DXY00 ) on Friday fell by -0.38%. The dollar was under pressure Friday from strength in stocks, which reduces liquidity demand for the dollar. Also, the strength of the euro on Friday...

DXY00 : 104.704 (+0.09%)
^EURUSD : 1.08472 (-0.09%)
^USDJPY : 157.150 (-0.02%)
GCM24 : 2,342.8 (-0.58%)
SIN24 : 32.140 (+0.01%)
Stocks Rebound as Consumers Temper Inflation Expectations

The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.71%. US stock indexes today are moderately...

$SPX : 5,306.04 (+0.02%)
SPY : 529.81 (+0.07%)
$DOWI : 38,852.86 (-0.55%)
DIA : 388.60 (-0.52%)
$IUXX : 18,869.44 (+0.32%)
QQQ : 459.68 (+0.38%)
ZNM24 : 108-045 (-0.14%)
DECK : 1,079.14 (+4.48%)
ROST : 137.64 (-3.16%)
DELL : 166.08 (+3.68%)
IP : 45.15 (-0.68%)
BAH : 154.60 (-2.47%)
Dollar Slips on Strength in Stocks and the Euro

The dollar index (DXY00 ) today is down by -0.31%. The dollar is under pressure today from strength in stocks, which reduces liquidity demand for the dollar. Also, strength in the euro today is weighing...

DXY00 : 104.704 (+0.09%)
^EURUSD : 1.08472 (-0.09%)
^USDJPY : 157.150 (-0.02%)
GCM24 : 2,342.8 (-0.58%)
SIN24 : 32.140 (+0.01%)
Stocks Climb on Positive Corporate News

The S&P 500 Index ($SPX ) (SPY ) today is up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.36%. US stock indexes today are moderately...

$SPX : 5,306.04 (+0.02%)
SPY : 529.81 (+0.07%)
$DOWI : 38,852.86 (-0.55%)
DIA : 388.60 (-0.52%)
$IUXX : 18,869.44 (+0.32%)
QQQ : 459.68 (+0.38%)
ZNM24 : 108-045 (-0.14%)
ROST : 137.64 (-3.16%)
BAH : 154.60 (-2.47%)
MCHP : 98.82 (+0.60%)
IP : 45.15 (-0.68%)
DELL : 166.08 (+3.68%)
Dollar Recovers and Moves Higher as Bond Yields Climb and Stocks Falter

The dollar index (DXY00 ) Thursday rose by +0.15%. The dollar on Thursday recovered from early losses and rallied to a 1-week high after better-than-expected US economic reports bolstered the outlook...

DXY00 : 104.704 (+0.09%)
^EURUSD : 1.08472 (-0.09%)
^USDJPY : 157.150 (-0.02%)
GCM24 : 2,342.8 (-0.58%)
SIN24 : 32.140 (+0.01%)
Stocks Fall Despite Nvidia's Impressive Quarter

The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.37%. US stock indexes today are...

$SPX : 5,306.04 (+0.02%)
SPY : 529.81 (+0.07%)
$DOWI : 38,852.86 (-0.55%)
DIA : 388.60 (-0.52%)
$IUXX : 18,869.44 (+0.32%)
QQQ : 459.68 (+0.38%)
ZNM24 : 108-045 (-0.14%)
NVDA : 1,139.01 (+6.98%)
ASML : 991.85 (+3.73%)
SMCI : 874.72 (-1.04%)
WDC : 76.14 (+1.78%)
AMAT : 221.32 (+0.19%)
Cable remains in intraday impulse after UK CPI data

Cable remains in intraday impulse after UK CPI data, so potential June cuts are moving to September, which can lift the Pound higher.

Tweets @Barchart

Barchart
@Barchart
China's Silver Imports are expected to surge in the coming weeks as traders look to take advantage of the widening spread between Silver prices in China and the rest of the world https://t.co/HhFUVuyL4b
Barchart
@Barchart
Japanese Yen has fallen to its lowest level against the U.S. Dollar since the Bank of Japan secretly intervened a month ago https://t.co/cS8l49CXMV
Barchart
@Barchart
FUN FACT ✅: Nvidia $NVDA is now worth more than $TSLA, $XOM, $WMT, $COST, $NFLX, $INTC, $DIS, and $PEP combined https://t.co/SqS3EVDjgO https://t.co/bl7ViGIJZ3
Barchart
@Barchart
S&P 500 $SPX has now traded green in 23 of the last 30 weeks for only the 3rd time in the last 35 years 🚨 https://t.co/GTIfS85kQN
Barchart
@Barchart
👇👇👇 https://t.co/nLhTVPz7KK
Barchart
@Barchart
Microsoft Insider Trading Alert 🚨 Chief Communication Officer Judson Althoff sold 25,000 $MSFT shares for a total value of $10.6 million https://t.co/wu49BN1tUv https://t.co/tddzHDcgNu
Barchart
@Barchart
BREAKING 🚨: Jim Chanos Short Seller Jim Chanos, who had to shutter his hedge fund last year due to massive losses, is now accused of embezzlement https://t.co/Z4d60Kgmco https://t.co/WaBmwWlekB
Barchart
@Barchart
Nvidia is up 133% since Former Speaker Nancy Pelosi bought 50 $NVDA Dec 2024 120 strike calls for a total premium of $1.9 million on November 22. Her position is now worth $5.1 million, a gain of roughly 168%. https://t.co/taMPq39tMg
Barchart
@Barchart
Oops - Nvidia $NVDA https://t.co/yTa0SVmI7X

Chart of the Day

Cts Corp (CTS)

The Chart of the Day belongs to the Technology and Electronic Components company CTS (CTS) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...
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