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British Pound Dec '23 (B6Z23)
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British Pound Futures Market News and Commentary

Dollar Weakens as Hawkish ECB Comments Boost the Euro

The dollar index (DXY00) on Monday fell by -0.11%.  The dollar was undercut by strength in the euro, which rose on hawkish ECB comments.  Also, Monday’s weaker-than-expected U.S. Jan new home sales report weighed on the dollar. Higher T-note yields Monday limited declines in the dollar.

U.S. Jan new home sales rose +1.5% to 661,000, weaker than expectations of 684,000.

The markets are discounting the chances for a -25 bp rate cut at 1% for the March 19-20 FOMC meeting and 17% for the following meeting on April 30-May 1.

EUR/USD (^EURUSD) on Monday rose by +0.28%.  Hawkish comments from ECB President Lagarde and ECB Governing Council members Stournaras and Mahlouf boosted the euro Monday when they said the ECB shouldn't rush into a decision to cut interest rates.

ECB President Lagarde said, "We are not there yet on inflation.  We need to get to 2% sustainably."

ECB Governing Council member Stournaras said any monetary policy adjustments by the ECB must b... Read more

Contract Specifications

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Contract
British Pound
Contract Size
GBP 62,500
Tick Size
0.0001 points ($6.25 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 2:00p.m.) CST
Exchange
CME
Point Value
$62,500
Margin/Maintenance
$2,090/1,900
First Notice Date
12/18/23
Expiration Date
12/18/23 (expired)

Seasonal Chart

British Pound Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Feb 20, 2024

View Chart Details
Commercials - Long / Short
72,901 (+612)
121,907 (+2,735)
Non-Commercials - Long / Short
87,602 (-2,943)
41,290 (+1,217)
Dealers / Intermediary - Long / Short
30,901 (+91)
21,372 (+4,935)
Asset / Manager - Long / Short
54,020 (+1,259)
92,397 (-3,481)
Leveraged Funds - Long / Short
61,267 (-4,026)
31,441 (+1,566)
Other Reportables - Long / Short
0 (-471)
3,672 (+116)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1.2448 +1.61%
on 11/20/23
1.2794 -1.13%
on 12/14/23
+0.0198 (+1.59%)
since 11/17/23
3-Month
1.2043 +5.03%
on 10/04/23
1.2794 -1.13%
on 12/14/23
+0.0275 (+2.22%)
since 09/18/23
52-Week
1.1895 +6.34%
on 03/08/23
1.3133 -3.69%
on 07/14/23
+0.0417 (+3.41%)
since 12/16/22

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Most Recent Stories

More News
Fibonacci Seems to Be Right Once Again – At Least About Gold

After moving higher on Friday, gold price disappointed on Monday. What’s going on? Which move is real?

Dollar Weakens as Hawkish ECB Comments Boost the Euro

The dollar index (DXY00 ) on Monday fell by -0.11%. The dollar was undercut by strength in the euro, which rose on hawkish ECB comments. Also, Monday’s weaker-than-expected U.S. Jan new home sales...

DXY00 : 103.701 (-0.12%)
^EURUSD : 1.08529 (+0.02%)
^USDJPY : 150.268 (-0.30%)
GCJ24 : 2,046.2 (+0.36%)
SIK24 : 22.885 (+0.66%)
Dollar Slips on Euro Strength

The dollar index (DXY00 ) this morning is down by -0.11%. The dollar is under pressure this morning on strength in the euro, which rose on hawkish ECB comments. Also, today’s weaker-than-expected U.S....

DXY00 : 103.701 (-0.12%)
^EURUSD : 1.08529 (+0.02%)
^USDJPY : 150.268 (-0.30%)
GCJ24 : 2,046.2 (+0.36%)
SIK24 : 22.885 (+0.66%)
Dollar Wavers on Lower Bond Yields and Strength in Stocks

The dollar index (DXY00 ) on Friday finished little changed, down by -0.01%. Friday’s rally in the S&P 500 to a new record high curbed liquidity demand for the dollar. Also, lower T-note yields on Friday...

DXY00 : 103.701 (-0.12%)
^EURUSD : 1.08529 (+0.02%)
^USDJPY : 150.268 (-0.30%)
GCJ24 : 2,046.2 (+0.36%)
SIK24 : 22.885 (+0.66%)
Mexican Peso: Will the Peso Surge Due to Monetary Policy and a Seasonal Buy?

Who will cut rates first, Banxico (Mexico's Central Bank) or the Federal Reserve (US Central Bank)? With a 5.75% spread (favoring Mexico) of short-term interest rates, the carry trade has money flowing...

M6M24 : 0.057570 (+0.12%)
Record High Stocks Weigh on the Dollar

The dollar index (DXY00 ) this morning is slightly lower but remains above Thursday’s 3-week low. The dollar is under pressure today from the rally in the S&P 500 to a new record high, which has curbed...

DXY00 : 103.701 (-0.12%)
^EURUSD : 1.08529 (+0.02%)
^USDJPY : 150.268 (-0.30%)
GCJ24 : 2,046.2 (+0.36%)
SIK24 : 22.885 (+0.66%)
Will the Dollar Index Move Out of its Trading Range?

The dollar index measures the U.S. currency against the other leading reserve currencies. The euro has the highest exposure at 57.6%. Interest rate differentials are the most significant factor for the...

$DXY : 103.69 (-0.09%)
ZBH24 : 119-04 (unch)
UUP : 27.99 (-0.18%)
UDN : 18.09 (+0.39%)
AUDJPY Breaks 2022 Highs Out Of A Triangle Pattern

AUDJPY Breaks 2022 Highs Out Of A Triangle Pattern, which can be final leg of a bullish sequence by Elliott wave theory.

Dollar Slips as the S&P 500 Rallies to a Record High

The dollar index (DXY00 ) on Thursday fell to a 2-1/2 week low and finished down -0.04%. Thursday’s rally in the S&P 500 to a new record high reduced liquidity demand for the dollar. Losses in the...

DXY00 : 103.701 (-0.12%)
^EURUSD : 1.08529 (+0.02%)
^USDJPY : 150.268 (-0.30%)
GCJ24 : 2,046.2 (+0.36%)
SIK24 : 22.885 (+0.66%)
Dollar Recovers Early Losses on Strong U.S. Economic Reports

The dollar index (DXY00 ) this morning recovered from a 2-1/2 week low and is up +0.09%. The dollar moved higher on signs of strength in the U.S. economy, which was hawkish for Fed policy. Weekly U.S....

DXY00 : 103.701 (-0.12%)
^EURUSD : 1.08529 (+0.02%)
^USDJPY : 150.268 (-0.30%)
GCJ24 : 2,046.2 (+0.36%)
SIK24 : 22.885 (+0.66%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 64% Buy with a Weakening short term outlook on maintaining the current direction.

Long term indicators mostly agree with the trend.

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Key Turning Points

3rd Resistance Point 1.2744
2nd Resistance Point 1.2724
1st Resistance Point 1.2686
Last Price 1.2649s
1st Support Level 1.2628
2nd Support Level 1.2608
3rd Support Level 1.2570

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52-Week High 1.3133
Fibonacci 61.8% 1.2660
Last Price 1.2649s
Fibonacci 50% 1.2514
Fibonacci 38.2% 1.2368
52-Week Low 1.1895

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