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FX News and Commentary

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Fri, Apr 26th, 2024
Europe’s Blossoming Admiration for Crypto

Europe is the second-largest cryptocurrency economy in the world, accounting for 17.6% of global transaction volume. The launch of Micro euro-denominated Bitcoin and Ether futures contracts aim to accelerate...

Stocks Climb on Impressive Tech Earnings and Strength in AI Chip Makers

The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.55%. US stock indexes this morning...

$SPX : 5,110.75 (+1.23%)
SPY : 509.23 (+1.14%)
$DOWI : 38,308.35 (+0.58%)
DIA : 383.23 (+0.61%)
$IUXX : 17,751.03 (+1.84%)
QQQ : 431.56 (+1.68%)
ZNM24 : 107-180 (+0.19%)
GOOGL : 171.35 (+9.84%)
MSFT : 408.98 (+2.49%)
DDOG : 130.78 (+4.42%)
MDB : 383.42 (+4.72%)
RMD : 216.23 (+17.89%)
Dollar Climbs as Strong US Economic News May Delay Rate Cuts

The dollar index (DXY00 ) this morning is up by +0.23%. The dollar today recovered from a 2-week low and is moderately higher. The dollar strengthened today as stronger-than-expected US economic reports...

DXY00 : 106.029 (+0.41%)
^EURUSD : 1.06941 (-0.33%)
^USDJPY : 157.702 (+1.32%)
GCM24 : 2,350.1 (+0.32%)
SIN24 : 27.570 (-0.23%)
Stocks Rally on Blockbuster Earnings from Alphabet and Microsoft

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.05%. US stock indexes this morning...

$SPX : 5,110.75 (+1.23%)
SPY : 509.23 (+1.14%)
$DOWI : 38,308.35 (+0.58%)
DIA : 383.23 (+0.61%)
$IUXX : 17,751.03 (+1.84%)
QQQ : 431.56 (+1.68%)
ZNM24 : 107-180 (+0.19%)
GOOGL : 171.35 (+9.84%)
MSFT : 408.98 (+2.49%)
DDOG : 130.78 (+4.42%)
MDB : 383.42 (+4.72%)
RMD : 216.23 (+17.89%)
Elliott Waves On AUDUSD: Short-term Dirrection Is Pointing Higher

The Aussie (AUDUSD) is currently in an uptrend this week, making five waves up from the 0.6363 low, establishing this as our invalidation level. As long as this level is not breached, we expect further...

Dollar Gives Up Early Gains on Stagflation Concerns

The dollar index (DXY00 ) Thursday fell to a 1-1/2 week low and finished down by -0.28%. Stagflation concerns weighed on the dollar Thursday after revised US Q1 GDP showed slower-than-expected economic...

DXY00 : 106.029 (+0.41%)
^EURUSD : 1.06941 (-0.33%)
^USDJPY : 157.702 (+1.32%)
GCM24 : 2,350.1 (+0.32%)
SIN24 : 27.570 (-0.23%)
Dollar Moves Higher as T-Note Yields Jump and Stocks Falter

The dollar index (DXY00 ) today rebounded from a 1-1/2 week low and is slightly higher. The dollar saw support today after bond yields jumped when today’s US economic news showed signs of persistent...

DXY00 : 106.029 (+0.41%)
^EURUSD : 1.06941 (-0.33%)
^USDJPY : 157.702 (+1.32%)
GCM24 : 2,350.1 (+0.32%)
SIN24 : 27.570 (-0.23%)
Elliott Wave Intraday Analysis on GBPUSD Shows 5 Waves Bullish Impulse

Elliott Wave view on (GBPUSD) suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded...

^GBPUSD : 1.24916 (-0.18%)
What's Left in the US Dollar Seasonal Rally?

Despite no signs of deceleration in US growth and geopolitical risk, the US Dollar has rallied 6% off its year-to-date seasonal low. While the European Central Bank (ECB) is considering rate cuts in June,...

Dollar Gains with Higher T-Note Yields and Yen Weakness

The dollar index (DXY00 ) on Wednesday rose +0.16%. The dollar on Wednesday recovered from a 1-1/2 week low and moved moderately higher. Strength in T-note yields Wednesday boosted the dollar. Also,...

DXY00 : 106.029 (+0.41%)
^EURUSD : 1.06941 (-0.33%)
^USDJPY : 157.702 (+1.32%)
GCM24 : 2,350.1 (+0.32%)
SIN24 : 27.570 (-0.23%)

Tweets @Barchart

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Bitcoin $BTC on track for its first red month since August https://t.co/8NqmANd38D
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BREAKING 🚨: Japan Japanese Yen plummeted to a new 34-year low against the U.S. Dollar after the Bank of Japan kept rates unchanged https://t.co/gjInBUJ0LW https://t.co/uFi9FRG3SZ
Barchart
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Tesla MONSTER Insider Trading Alert 🚨 Andrew Baglino, Tesla's former top engineering executive who resigned just a few weeks ago, sold 1,141,362 $TSLA shares worth approximately $181.4 million https://t.co/tVYThZNYhO https://t.co/R1GJiVWUOj
Barchart
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China's U.S. Treasury holdings have fallen to their lowest level in 15 years 🚨 https://t.co/eapCrAJRVm
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If Commercial Real Estate collapses, California Banks could face the biggest problems! https://t.co/Zu6XZ7X7BE
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Retail Investors are now the most pessimistic about stocks since November 👀 https://t.co/EZ3r5EzHxX
Barchart
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Avoid Tech Stocks and stick to value stocks says Bond King Bill Gross https://t.co/chTHkCmzwZ
Barchart
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Coffee Hits All-Time High 🚨 https://t.co/a3M9OU7rZp https://t.co/9j5GAB8Evr
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BlackRock's Bitcoin $BTC ETF just saw its 71-day inflow streak come to an end https://t.co/JTGUILHvJm

Chart of the Day

Silvercrest Metals Inc (SILV)

The Chart of the Day belongs to the precious metal miner Silvercrest Metals (SILV) . 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...
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