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FX News and Commentary

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Mon, May 6th, 2024
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 : 105.014 (-0.02%)
^EURUSD : 1.07783 (+0.14%)
^USDJPY : 153.859 (+0.56%)
GCM24 : 2,333.7 (+1.09%)
SIN24 : 27.625 (+3.50%)
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 : 165.833 (+0.72%)
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 : 105.014 (-0.02%)
^EURUSD : 1.07783 (+0.14%)
^USDJPY : 153.859 (+0.56%)
GCM24 : 2,333.7 (+1.09%)
SIN24 : 27.625 (+3.50%)
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 : 457-2 (+2.29%)
ZWK24 : 630-0 (+3.96%)
ZSK24 : 1227-6 (+2.16%)
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 : 5,158.70 (+0.60%)
SPY : 514.18 (+0.57%)
$DOWI : 38,720.85 (+0.12%)
DIA : 387.01 (+0.06%)
$IUXX : 18,006.76 (+0.65%)
QQQ : 437.94 (+0.56%)
ZNM24 : 108-275 (unch)
AAPL : 181.88 (-0.82%)
AMGN : 298.37 (-4.15%)
LYV : 95.44 (+0.82%)
DVA : 137.49 (+2.26%)
BKNG : 3,535.36 (-1.17%)
Dollar Falls on Weaker Than Expected US Economic Reports

The dollar index (DXY00 ) this morning is down by -0.28% and fell to a 3-week low. The dollar sank today as T-note yields retreated on the weaker-than-expected US Apr unemployment report and Apr ISM services...

DXY00 : 105.014 (-0.02%)
^EURUSD : 1.07783 (+0.14%)
^USDJPY : 153.859 (+0.56%)
GCM24 : 2,333.7 (+1.09%)
SIN24 : 27.625 (+3.50%)
Stocks Jump on Apple Earnings and Dovish Apr Payroll Report

The S&P 500 Index ($SPX ) (SPY ) this morning is +1.00%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.59%. US stock indexes this morning...

$SPX : 5,158.70 (+0.60%)
SPY : 514.18 (+0.57%)
$DOWI : 38,720.85 (+0.12%)
DIA : 387.01 (+0.06%)
$IUXX : 18,006.76 (+0.65%)
QQQ : 437.94 (+0.56%)
ZNM24 : 108-275 (unch)
AAPL : 181.88 (-0.82%)
AMGN : 298.37 (-4.15%)
BKNG : 3,535.36 (-1.17%)
DLR : 144.77 (-1.52%)
SQ : 72.35 (+4.15%)
Dollar Falls with Bond Yields

The dollar index (DXY00 ) on Thursday fell to a 2-1/2 week low and finished down by -0.40%. The dollar was weighed down Thursday by a decline in T-note yields. Also, Thursday’s stock rally reduced...

DXY00 : 105.014 (-0.02%)
^EURUSD : 1.07783 (+0.14%)
^USDJPY : 153.859 (+0.56%)
GCM24 : 2,333.7 (+1.09%)
SIN24 : 27.625 (+3.50%)
The Japanese Yen continuation trade

We present our trade summary for today with theYen

Stocks Higher on Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) is up +0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.35%. US stock indexes are higher. Optimism...

$SPX : 5,158.70 (+0.60%)
SPY : 514.18 (+0.57%)
$DOWI : 38,720.85 (+0.12%)
DIA : 387.01 (+0.06%)
$IUXX : 18,006.76 (+0.65%)
QQQ : 437.94 (+0.56%)
ZNM24 : 108-275 (unch)
CHRW : 79.23 (-2.43%)
HWM : 79.93 (+1.32%)
QCOM : 181.80 (+1.20%)
BWA : 36.95 (+1.40%)
MRNA : 120.32 (-3.74%)

Tweets @Barchart

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Today's 4 Stock Market Movers: $PRFT $EYPT $FRPT $TSN https://t.co/ZDV7h5jXRI
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JUST IN 🚨: Robinhood $HOOD has received a Wells Notice from the SEC in regards to its crypto trading activities
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Robusta Coffee Prices absolutely tanking after hitting all-time highs last week 🚨 https://t.co/OZxSj1wh2J
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Butter just won't stop, another 6-month high! 😢🤦‍♂️ https://t.co/ndFxen8Z3g
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Equity options volume in India has nearly hit $40 billion, absolutely destroying the United States and the rest of the world https://t.co/WzVOqfo1Cz
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44% of traders surveyed believe 0DTE (zero days to expiry) options will continue growing before eventually ending in a bust! https://t.co/9vKIcDBEjj
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Our newest short video, "Mastering Bull Call Option Spreads" is now available on our YouTube Channel. Big thanks to Vlad from @tunnel_yellow for creating this video on our behalf. Please give him a follow! Link: https://t.co/Tb5PpMaglT https://t.co/CUEhXA12zL
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Goldman Sachs leaves forecast unchanged and expects the Federal Reserve to begin cutting interest rates in July https://t.co/IVrT0vVoJ2
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Crypto Funds see largest weekly outflow in almost 2 years https://t.co/kQrLe8C1hT
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BREAKING 🚨: Boeing 10 more whistleblowers have come out against Boeing $BA https://t.co/Hm4tQ8AXl2 https://t.co/pZ1sN5pQWS

Chart of the Day

Adma Biologics (ADMA)

The Chart of the Day belongs to the biomedical company ADMA Biologics (ADMA) . 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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