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FX News and Commentary

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Tue, May 7th, 2024
Dollar Climbs on Hawkish Fed Comments and a Weak Yen

The dollar index (DXY00 ) Tuesday rose by +0.31%. Hawkish comments Tuesday from Minneapolis Fed President Kashkari supported the dollar when he said it's likely the Fed will keep interest rates where...

DXY00 : 105.567 (+0.15%)
^EURUSD : 1.07391 (-0.14%)
^USDJPY : 155.208 (+0.33%)
GCM24 : 2,324.2 (unch)
SIN24 : 27.555 (+0.04%)
Dollar Climbs on Hawkish Fed Comments

The dollar index (DXY00 ) this morning is up by +0.06%. Hawkish comments from Minneapolis Fed President Kashkari supported the dollar when he said he questions if Fed policy is restrictive enough given...

DXY00 : 105.567 (+0.15%)
^EURUSD : 1.07391 (-0.14%)
^USDJPY : 155.208 (+0.33%)
GCM24 : 2,324.2 (unch)
SIN24 : 27.555 (+0.04%)
Five Things To Watch in Grain Markets in 2024

Find out what experts are watching for in the grain markets in the coming year with this article.

EURGBP Perfectly Reacting Lower From Blue Box Area

In this technical blog, we are going to take a look at the past performance of (EURGBP) 4-Hour Elliott wave Charts that we presented to our members. In which, the decline to 2/14/2024 low took place as...

^EURGBP : 0.86004 (+0.03%)
Dollar Recovers on Hawkish Fed Comments

The dollar index (DXY00 ) on Monday rose by +0.03%. The dollar on Monday recovered from early losses and posted modest gains after hawkish Fed comments sparked short covering in the dollar. New York Fed...

DXY00 : 105.567 (+0.15%)
^EURUSD : 1.07391 (-0.14%)
^USDJPY : 155.208 (+0.33%)
GCM24 : 2,324.2 (unch)
SIN24 : 27.555 (+0.04%)
Dollar Under Pressure and Gold Climbs on Fed Rate Cut Optimism

The dollar index (DXY00 ) this morning is down by -0.06% but is holding above last Friday’s 3-week low. The dollar has some negative carryover from last Friday’s weaker-than-expected US payroll and...

DXY00 : 105.567 (+0.15%)
^EURUSD : 1.07391 (-0.14%)
^USDJPY : 155.208 (+0.33%)
GCM24 : 2,324.2 (unch)
SIN24 : 27.555 (+0.04%)
Elliott Wave Analysis on EURJPY Expects Support Soon

Short Term Elliott Wave View on (EURJPY) suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended...

^EURJPY : 166.681 (+0.18%)
Dollar Retreats as Weak US Reports Bolster Fed Rate Cut Hopes

The dollar index (DXY00 ) on Friday fell to a 3-week low and finished down by -0.25%. The dollar sank Friday as T-note yields retreated on the weaker-than-expected reports on US Apr nonfarm payrolls and...

DXY00 : 105.567 (+0.15%)
^EURUSD : 1.07391 (-0.14%)
^USDJPY : 155.208 (+0.33%)
GCM24 : 2,324.2 (unch)
SIN24 : 27.555 (+0.04%)
Grain Market Update: Will Corn, Wheat, and Soybean Prices Continue to Rally?

I spoke about the grain market with Michelle Rook today on AgWeb's Markets Now. We also discussed the U.S. dollar and crude oil.

ZCK24 : 453-6s (-0.71%)
ZWK24 : 624-6s (-1.19%)
ZSK24 : 1232-2s (-0.20%)
Stocks Climb as US Jobs Report Ramps Up Fed Rate Cut Expectations

The S&P 500 Index ($SPX ) (SPY ) this morning is +0.86%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.65%. US stock indexes this morning...

$SPX : 5,187.70 (+0.13%)
SPY : 517.14 (+0.11%)
$DOWI : 38,884.26 (+0.08%)
DIA : 388.74 (+0.07%)
$IUXX : 18,091.45 (-0.01%)
QQQ : 440.32 (+0.02%)
ZNM24 : 108-300 (-0.07%)
AAPL : 182.40 (+0.38%)
AMGN : 300.30 (+0.27%)
LYV : 96.34 (+0.48%)
DVA : 137.69 (+0.60%)
BKNG : 3,605.41 (+0.19%)

Tweets @Barchart

Barchart
@Barchart
Interest Rates will stay high for an extended period and rate hikes are not off the table cautions Minneapolis Fed President Neel Kashkari https://t.co/wCpQEYXx19
Barchart
@Barchart
Commodities are the most correlated with stocks since AT LEAST 1980 🚨 https://t.co/Ajj1udM0aM
Barchart
@Barchart
Goldman Sachs says panic has left the market. CNN says the market is fearful. Who are we going with? https://t.co/fosGsNGn2j https://t.co/KAj6eH4q9O
Barchart
@Barchart
An economic crash is coming if the Federal Reserve delays rate cuts, warns State Street. Less than a month ago, State Street said the Fed would begin cutting in June and ultimately cut rates by 150bps this year. State Street seems to really want rate cuts 🤔 https://t.co/GOmXcV1cQJ
Barchart
@Barchart
Dow Jones Industrials has now traded green for 5 consecutive trading days, its longest winning streak since December https://t.co/siAmYePNxf
Barchart
@Barchart
Cocoa Posts Biggest Gain Since AT LEAST 1980 🚨 Here we go again! Cocoa soared 13.47%, its largest gain in AT LEAST 44 years https://t.co/G1mDeS79h0 https://t.co/IBwrp4Httu
Barchart
@Barchart
Stanley Druckenmiller says that Powell should say less and stop going on 60 Minutes because he’s no rockstar 😂 https://t.co/bpjLde6YtH
Barchart
@Barchart
S&P 500 Presidential Election 3-Month Seasonality 🚨 The S&P 500 $SPX has generated average returns of 7.27% during June-August of Presidential Election years with data going back to 1928 https://t.co/OAIumvd829 https://t.co/RIoN1Xsp2D
Barchart
@Barchart
Tesla Insider Trading Alert 🚨 Tesla Chair Robyn Denholm sold $17.3 million worth of $TSLA shares on Monday and has now sold more than $50 million worth so far this year https://t.co/kU6JVDHeML https://t.co/BNCkeof73B
Barchart
@Barchart
Stanley Druckenmiller cuts his Nvidia $NVDA position and says "we've had a hell of a run." He also cautions that AI might be getting overhyped. 👀 https://t.co/pTtHGO0azg

Chart of the Day

Banco Macro S.A. ADR (BMA)

The Chart of the Day belongs to the Agentine bank Banco Macro (BMA) . 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 the Flipchart...
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