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FX News and Commentary

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Wed, May 15th, 2024
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 : 104.328s (-0.65%)
^EURUSD : 1.08823 (+0.58%)
^USDJPY : 154.969 (-0.93%)
GCM24 : 2,392.7 (+1.39%)
SIN24 : 29.950 (+4.35%)
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 : 104.328s (-0.65%)
^EURUSD : 1.08823 (+0.58%)
^USDJPY : 154.969 (-0.93%)
GCM24 : 2,392.7 (+1.39%)
SIN24 : 29.950 (+4.35%)
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 : 1.72567 (+0.39%)
USDX Elliott Wave: Forecasting the Decline from Equal Legs Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index, published in members area of the website. As our members know, USDX has ended...

Dollar Falls on Euro Strength and Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) on Tuesday fell by -0.20% and posted a 1-week low. The dollar retreated Tuesday due to strength in the euro. The dollar extended its losses Tuesday morning after Fed Chair Powell...

DXY00 : 104.328s (-0.65%)
^EURUSD : 1.08823 (+0.58%)
^USDJPY : 154.969 (-0.93%)
GCM24 : 2,392.7 (+1.39%)
SIN24 : 29.950 (+4.35%)
Dollar Slips and Gold Gains on Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) this morning is down -0.14% at a 1-week low. The dollar today is mildly lower, weighed down by the strength of the euro. The dollar extended its losses after Fed Chair Powell...

DXY00 : 104.328s (-0.65%)
^EURUSD : 1.08823 (+0.58%)
^USDJPY : 154.969 (-0.93%)
GCM24 : 2,392.7 (+1.39%)
SIN24 : 29.950 (+4.35%)
Dollar Falls Slightly on Lower Bond Yields

The dollar index (DXY00 ) on Monday fell by -0.06%. The dollar was under pressure Monday from lower T-note yields, which weakened the dollar’s interest rate differentials. The dollar was also undercut...

DXY00 : 104.328s (-0.65%)
^EURUSD : 1.08823 (+0.58%)
^USDJPY : 154.969 (-0.93%)
GCM24 : 2,392.7 (+1.39%)
SIN24 : 29.950 (+4.35%)
Dollar Slips on Lower Bond Yields and Strength in Stocks

The dollar index (DXY00 ) this morning is down by -0.17%. The dollar is under pressure today from lower T-note yields and strength in stocks, which reduces liquidity demand for the dollar. The dollar...

DXY00 : 104.328s (-0.65%)
^EURUSD : 1.08823 (+0.58%)
^USDJPY : 154.969 (-0.93%)
GCM24 : 2,392.7 (+1.39%)
SIN24 : 29.950 (+4.35%)
Dollar Sees Support from Hawkish Fed Comments

The dollar index (DXY00 ) Friday rose slightly by +0.07%. The dollar saw support from hawkish Fed comments and negative inflation news, which sparked a +4.9 bp rise in the 10-year T-note yield to 4.502%...

DXY00 : 104.328s (-0.65%)
^EURUSD : 1.08823 (+0.58%)
^USDJPY : 154.969 (-0.93%)
GCM24 : 2,392.7 (+1.39%)
SIN24 : 29.950 (+4.35%)
EURUSD Elliott Wave: Forecasting the Rally from Equal Legs Area

Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of (EURUSD) , published in members area of the website. As our members know, EURUSD has...

^EURUSD : 1.08823 (+0.58%)

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Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS https://t.co/GilsdgaDZR
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Credit Card Delinquencies rise to highest level in more than a decade 👀 https://t.co/xjofsQqlDJ
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Greed returns to the Stock Market for the first time since April 11! Yesssss, we did it 🥳🤑🫰 https://t.co/q5NbyGH61y
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Nvidia $NVDA surging to highest price since March https://t.co/RAcT4K6ygi
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Come on WSJ, don't do this to Buffett 😂 https://t.co/kNM77R8kKO
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S&P 500 $SPX hits all-time high 🚨 https://t.co/h3obRYHDtM
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BREAKING 🚨: GameStop $GME now down more than 30% on the day https://t.co/A3XneF0dLB https://t.co/fmLBGXUe4Y
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Ooops 🤦‍♂️😂 https://t.co/iWVJwHxiS3
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U.S. Dollar Index $DXY falling to its lowest level in more than a month https://t.co/iHtBAf93M7
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AMC Entertainment $AMC options volume is still well short of what it was during the 2021 Meme Mania https://t.co/vjQ2MxZqAj

Chart of the Day

Universal Stainles (USAP)

The Chart of the Day belongs to basic metals company Universal Steel & Alloy (USAP) . 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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