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FX News and Commentary

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Wed, May 8th, 2024
Dollar Rises with Bond Yields

The dollar index (DXY00 ) this morning is up by +0.10% on support from higher T-note yields. Today’s stock weakness is also boosting some liquidity demand for the dollar. The dollar fell back from...

DXY00 : 105.551s (+0.13%)
^EURUSD : 1.07452 (-0.09%)
^USDJPY : 155.645 (+0.62%)
GCM24 : 2,316.7 (-0.32%)
SIN24 : 27.570 (+0.09%)
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 : 105.551s (+0.13%)
^EURUSD : 1.07452 (-0.09%)
^USDJPY : 155.645 (+0.62%)
GCM24 : 2,316.7 (-0.32%)
SIN24 : 27.570 (+0.09%)
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 : 105.551s (+0.13%)
^EURUSD : 1.07452 (-0.09%)
^USDJPY : 155.645 (+0.62%)
GCM24 : 2,316.7 (-0.32%)
SIN24 : 27.570 (+0.09%)
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 : 0.85998 (+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 : 105.551s (+0.13%)
^EURUSD : 1.07452 (-0.09%)
^USDJPY : 155.645 (+0.62%)
GCM24 : 2,316.7 (-0.32%)
SIN24 : 27.570 (+0.09%)
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 : 105.551s (+0.13%)
^EURUSD : 1.07452 (-0.09%)
^USDJPY : 155.645 (+0.62%)
GCM24 : 2,316.7 (-0.32%)
SIN24 : 27.570 (+0.09%)
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 : 167.246 (+0.52%)
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 : 105.551s (+0.13%)
^EURUSD : 1.07452 (-0.09%)
^USDJPY : 155.645 (+0.62%)
GCM24 : 2,316.7 (-0.32%)
SIN24 : 27.570 (+0.09%)
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 : 445-4s (-1.82%)
ZWK24 : 616-0s (-1.40%)
ZSK24 : 1212-6s (-1.58%)

Tweets @Barchart

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Our latest short video, "Understanding Equity Put/Call Ratios," is now available on our YouTube Channel. Huge thanks to Gavin from @OptiontradinIQ for creating this video on our behalf! Link: https://t.co/RJGnDQSIIj https://t.co/l579lOqQfv
Barchart
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Airbnb $ABNB getting hammered in after-hours trading after beating on EPS, revenues, and guiding in-line 🤔 https://t.co/njsWd7XSiY
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Apparently you can buy a Pepsi and a Gold Bar in South Korean Vending Machines! That's neat 😂 https://t.co/AlYL9cOPm4
Barchart
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2.5-year downtrend for Tesla $TSLA on the weekly chart, nothing but lower highs https://t.co/wTOPdg6caP
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Will the S&P 500 $SPX hit 5,500 this year?
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What stocks is this? https://t.co/vuYoH1nsWf
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Stock Market has now been in FEAR for 18 consecutive trading days 👻😱 https://t.co/WAydM4Rf8O
Barchart
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A Boeing $BA 767 crashed into a runway during a FedEx emergency landing in Turkey. The front landing gear reportedly malfunctioned. https://t.co/cDBRH1AdyA

Chart of the Day

SPX Corp (SPXC)

Authors Note: SPXC was the Chart of the Day on February 20 when it closed at $110.37. Since that date it gained about 23%+ and today was at the top of my screening list again. The Chart of the Day belongs to the building products and equipment company SPX Technologies...
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