Forex Market Overview
Fri, May 10th, 2024
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Dollar Sees Support from Hawkish Fed Comments
Barchart - Fri May 10, 2:48PM CDT
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%...
EURUSD Elliott Wave: Forecasting the Rally from Equal Legs Area
Elliott Wave Forecast - Fri May 10, 10:49AM CDT
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...
Elliott Wave Expects $AUDUSD to Break Higher
Elliott Wave Forecast - Fri May 10, 10:37AM CDT
Short Term Elliott Wave in (AUDUSD) suggests the pullback to 0.636 ended wave (2). The pair has turned higher in wave (3) with internal subdivision in 5 waves in lesser degree. Up from wave (2), wave...
Dollar Sees Support from Hawkish Fed Comments
Barchart - Fri May 10, 9:51AM CDT
The dollar index (DXY00 ) today is up +0.11%. The dollar is seeing support from a +4.3 bp rise in the 10-year T-note yield to 4.496%. The dollar is also seeing support from hawkish comments today by...
Dollar Softens and Gold Rallies as US Jobless Claims Climb
Barchart - Thu May 9, 2:32PM CDT
The dollar index (DXY00 ) on Thursday fell by -0.30%. The dollar gave up an early advance Thursday and fell moderately after US weekly jobless claims rose more than expected to an 8-1/2 month high, a...
Elliott Wave Analysis on USDJPY Recovery Post BOJ Intervention
Elliott Wave Forecast - Thu May 9, 11:25AM CDT
(USDJPY) has been in a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short term Elliott Wave path for the currency post the intervention....
