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FX News and Commentary

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Fri, Apr 19th, 2024
Dollar Little Changed on Lower Bond Yields and Stock Weakness

The dollar index (DXY00 ) on Friday rose by +0.01%. The dollar on Friday gave up most of an overnight advance and finished little changed. The dollar spiked higher in overnight trade after US officials...

DXY00 : 106.119s (-0.03%)
^EURUSD : 1.06565 (+0.12%)
^USDJPY : 154.643 (unch)
GCM24 : 2,405.2 (+0.30%)
SIK24 : 28.735 (+1.25%)
Stocks Fall Back on Middle East Tensions and Chip Stock Weakness

The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.92%. US stock indexes this...

$SPX : 4,967.23 (-0.88%)
SPY : 495.16 (-0.87%)
$DOWI : 37,986.40 (+0.56%)
DIA : 379.80 (+0.52%)
$IUXX : 17,037.65 (-2.05%)
QQQ : 414.65 (-2.07%)
ZNM24 : 107-270 (+0.13%)
SMCI : 713.65 (-23.14%)
NFLX : 555.04 (-9.09%)
JBL : 118.75 (-8.36%)
NVDA : 762.00 (-10.00%)
AMD : 146.64 (-5.44%)
Dollar Slips as Bond Yields Fall and Stocks Recover

The dollar index (DXY00 ) this morning is down by -0.17%. The dollar gave up an overnight rally and turned moderately lower. The dollar spiked higher in overnight trade after US officials said Israel...

DXY00 : 106.119s (-0.03%)
^EURUSD : 1.06565 (+0.12%)
^USDJPY : 154.643 (unch)
GCM24 : 2,405.2 (+0.30%)
SIK24 : 28.735 (+1.25%)
USDCHF Remains In Uptrend After Fourth Wave Pullback

USDCHF is in impulsive recovery which can extend further.

Forecast with Elliott Wave Technique Calling EURUSD to Extend Lower

Short term Elliott Wave view in (EURUSD) suggests that cycle from 12.28.2023 high is in progress as a zigzag Elliott Wave structure. Down from 12.28.2023 high, wave A ended at 1.0694 and rally in wave...

^EURUSD : 1.06565 (+0.12%)
Elliott Wave Theory Suggests EURJPY Remains Bullish

Short term Elliott Wave view in (EURJPY) suggests that rally to 165.35 ended wave 3. Wave 4 pullback unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 162.59 and...

^EURJPY : 164.792 (+0.12%)
Dollar Climbs as T-Note Yields Rise and Stocks Fall

The dollar index (DXY00 ) Thursday rose by +0.16%. The dollar recovered from early losses and moved higher Thursday after T-note yields climbed on signs of strength in the US economy when weekly jobless...

DXY00 : 106.119s (-0.03%)
^EURUSD : 1.06565 (+0.12%)
^USDJPY : 154.643 (unch)
GCM24 : 2,405.2 (+0.30%)
SIK24 : 28.735 (+1.25%)
Dollar Gains on Higher T-Note Yields

The dollar index (DXY00 ) this morning is up by +0.08%. The dollar today recovered from early losses and moved higher after T-note yields climbed on signs of strength in the US economy after weekly jobless...

DXY00 : 106.119s (-0.03%)
^EURUSD : 1.06565 (+0.12%)
^USDJPY : 154.643 (unch)
GCM24 : 2,405.2 (+0.30%)
SIK24 : 28.735 (+1.25%)
Dollar Falls with T-Note Yields

The dollar index (DXY00 ) on Wednesday fell by -0.28%. The dollar was under pressure Wednesday due to a decline in T-note yields. Also, the euro's strength Wednesday undercut the dollar based on hawkish...

DXY00 : 106.119s (-0.03%)
^EURUSD : 1.06565 (+0.12%)
^USDJPY : 154.643 (unch)
GCM24 : 2,405.2 (+0.30%)
SIK24 : 28.735 (+1.25%)
EURJPY Found Buyers After 3 Waves Pull Back

Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of (EURJPY) , published in members area of the website. As many of you already know, we've...

^EURJPY : 164.792 (+0.12%)

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JUST IN 🚨: S&P 500 $SPX closes red for a 6th consecutive day, its longest losing streak since October 2022 https://t.co/BDwM3BGPKF https://t.co/vhQ9yJv0xn
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Well maybe there is some hope after all 😂 https://t.co/tYdqk885KU
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What the .... https://t.co/xu58jAoQfP
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Apple $AAPL falls to lowest price in 12 months https://t.co/vjLTdlasWa
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Panic in the Market 🚨 Stock Market Fear & Greed Index drops to lowest level since November 1 https://t.co/CN59tLDARU https://t.co/woowIgMRj8
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BREAKING 🚨: Nvidia $NVDA falls below $800 for the first time since March 1 and is now more than 18% off its recent all-time high https://t.co/xemRYdTvaK https://t.co/4HjhQDB6dU
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BREAKING 🚨: Super Micro Computer $SMCI https://t.co/KFTl9wbzlk https://t.co/oBkItgTDKY
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Stocks Pressured by Middle East Tensions Related Stocks: $NFLX $PARA $ULTA $PG $JBL https://t.co/GpWle1jq9g
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Nvidia $NVDA has entered a technical correction after declining more than 10% from its recent all-time high https://t.co/Yzcu87rwdW

Chart of the Day

Victory Capital Holdings Inc Cl A (VCTR)

The Chart of the Day belongs to the asset management company Victory Capital (VCTR) . 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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