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FX News and Commentary

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Thu, May 2nd, 2024
The Japanese Yen continuation trade

We present our trade summary for today with theYen

Stocks Moderately Higher on Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.33%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. US stock indexes this morning...

$SPX : 5,054.15 (+0.71%)
SPY : 504.32 (+0.79%)
$DOWI : 38,166.87 (+0.70%)
DIA : 381.83 (+0.78%)
$IUXX : 17,488.14 (+0.98%)
QQQ : 426.06 (+1.08%)
ZNM24 : 108-100 (+0.19%)
CHRW : 83.66 (+16.05%)
HWM : 76.82 (+15.03%)
QCOM : 179.13 (+9.15%)
BWA : 35.49 (+7.97%)
MRNA : 124.70 (+11.88%)
Dollar Recovers and Gold Falls as T-Note Yields Climb

The dollar index (DXY00 ) this morning is up by +0.12%. The dollar recovered from early losses today and moved higher as T-note yields rose after today’s US economic reports showed weekly jobless claims...

DXY00 : 105.427 (-0.31%)
^EURUSD : 1.07190 (+0.05%)
^USDJPY : 153.410 (-0.72%)
GCM24 : 2,316.5 (+0.24%)
SIN24 : 26.925 (+0.66%)
Stocks Rebound Ahead of Apple’s Earnings

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. US stock indexes this morning...

$SPX : 5,054.15 (+0.71%)
SPY : 504.32 (+0.79%)
$DOWI : 38,166.87 (+0.70%)
DIA : 381.83 (+0.78%)
$IUXX : 17,488.14 (+0.98%)
QQQ : 426.06 (+1.08%)
ZNM24 : 108-100 (+0.19%)
CHRW : 83.66 (+16.05%)
HWM : 76.82 (+15.03%)
QCOM : 179.13 (+9.15%)
MGM : 40.86 (+2.79%)
MRNA : 124.70 (+11.88%)
Catching the wave

We detail the reasons behind our trade with Japanese Yen futures after yesterday's close

^USDJPY : 153.410 (-0.72%)
Dollar Slides and Gold Jumps as Powell Downplays a Fed Rate Hike

The dollar index (DXY00 ) Wednesday retreated from a 2-week high and fell by -0.35%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news...

DXY00 : 105.427 (-0.31%)
^EURUSD : 1.07190 (+0.05%)
^USDJPY : 153.410 (-0.72%)
GCM24 : 2,316.5 (+0.24%)
SIN24 : 26.925 (+0.66%)
Markets are Mixed After FOMC

The S&P 500 Index ($SPX ) (SPY ) is down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.23%. The market is mixed the FOMC was...

$SPX : 5,054.15 (+0.71%)
SPY : 504.32 (+0.79%)
$DOWI : 38,166.87 (+0.70%)
DIA : 381.83 (+0.78%)
$IUXX : 17,488.14 (+0.98%)
QQQ : 426.06 (+1.08%)
ZNM24 : 108-100 (+0.19%)
CVS : 54.86 (-2.58%)
SBUX : 74.59 (+0.20%)
SMCI : 737.70 (-0.08%)
SWKS : 89.90 (-0.44%)
EL : 133.91 (+5.13%)
Dollar Slightly Weaker as Bond Yields Dip Before the FOMC Meeting

The dollar index (DXY00 ) this morning fell back from a 2-week high and is down -0.05%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic...

DXY00 : 105.427 (-0.31%)
^EURUSD : 1.07190 (+0.05%)
^USDJPY : 153.410 (-0.72%)
GCM24 : 2,316.5 (+0.24%)
SIN24 : 26.925 (+0.66%)
Stocks Fluctuate After FOMC Decision

The S&P 500 Index ($SPX ) (SPY ) is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. The FOMC was released this afternoon...

$SPX : 5,054.15 (+0.71%)
SPY : 504.32 (+0.79%)
$DOWI : 38,166.87 (+0.70%)
DIA : 381.83 (+0.78%)
$IUXX : 17,488.14 (+0.98%)
QQQ : 426.06 (+1.08%)
ZNM24 : 108-100 (+0.19%)
CVS : 54.86 (-2.58%)
SBUX : 74.59 (+0.20%)
SWKS : 89.90 (-0.44%)
SMCI : 737.70 (-0.08%)
AMD : 145.55 (+0.89%)
Dollar Rallies Ahead of an Expected Hawkish FOMC Wednesday

The dollar index (DXY00 ) on Tuesday rose to a 1-week high and finished up by +0.60%. The dollar rallied Tuesday after T-note yields jumped when the US Q1 employment cost index rose more than expected,...

DXY00 : 105.427 (-0.31%)
^EURUSD : 1.07190 (+0.05%)
^USDJPY : 153.410 (-0.72%)
GCM24 : 2,316.5 (+0.24%)
SIN24 : 26.925 (+0.66%)

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Today's 4 Stock Market Movers: $DASH $CVNA $QCOM $QRVO https://t.co/aa1W2y8gWC
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Up to 7% of U.S. Banks may be at risk of failure, warns Consulting firm Klaros Group https://t.co/EfZ8gxw680
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Chinese Stocks enter technical bull market after rallying 20% off the Jan 22 low 🚨 https://t.co/d1QOVMVZTN
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Another Boeing $BA/Spirit AeroSystems whistleblower, Josh Dean, has died after a sudden illness https://t.co/kJp8CTiDYJ
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Apple $AAPL on its way to tomorrow's earnings event https://t.co/k7IBxRefNu
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First Tesla $TSLA and now pot stocks, short sellers just can't catch a break. After the DEA moved to reclassify marijuana on Tuesday, short sellers sustained losses of approximately $210 million https://t.co/3tWM2euJdr
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Momentum Exposure among hedge funds hits an all-time high 🚨 Probably Fine https://t.co/Np0PAMFqDO
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What chart is this? https://t.co/xlAeZW7EPB

Chart of the Day

Everquote Inc Cl A (EVER)

The Chart of the Day belongs to the on-line insurance purchase site EverQuote (EVER) . 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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