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FX News and Commentary

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Fri, May 10th, 2024
EURUSD Elliott Wave: Forecasting the Rally from Equal Legs Area

Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of (EURUSD) , published in members area of the website. As our members know, EURUSD has...

^EURUSD : 1.07710 (-0.10%)
Elliott Wave Expects $AUDUSD to Break Higher

Short Term Elliott Wave in (AUDUSD) suggests the pullback to 0.636 ended wave (2). The pair has turned higher in wave (3) with internal subdivision in 5 waves in lesser degree. Up from wave (2), wave...

^AUDUSD : 0.66033 (-0.25%)
Dollar Sees Support from Hawkish Fed Comments

The dollar index (DXY00 ) today is up +0.11%. The dollar is seeing support from a +4.3 bp rise in the 10-year T-note yield to 4.496%. The dollar is also seeing support from hawkish comments today by...

DXY00 : 105.321 (+0.09%)
^EURUSD : 1.07710 (-0.10%)
^USDJPY : 155.865 (+0.25%)
GCM24 : 2,376.1 (+1.53%)
SIN24 : 28.505 (+0.49%)
Dollar Softens and Gold Rallies as US Jobless Claims Climb

The dollar index (DXY00 ) on Thursday fell by -0.30%. The dollar gave up an early advance Thursday and fell moderately after US weekly jobless claims rose more than expected to an 8-1/2 month high, a...

DXY00 : 105.321 (+0.09%)
^GBPUSD : 1.25265 (+0.02%)
^EURUSD : 1.07710 (-0.10%)
^USDJPY : 155.865 (+0.25%)
GCM24 : 2,376.1 (+1.53%)
SIN24 : 28.505 (+0.49%)
Elliott Wave Analysis on USDJPY Recovery Post BOJ Intervention

(USDJPY) has been in a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short term Elliott Wave path for the currency post the intervention....

^USDJPY : 155.865 (+0.25%)
Stocks Rise on Fed Rate Cut Hopes

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.13%. US stock indexes this morning...

$SPX : 5,220.18 (+0.12%)
SPY : 520.36 (+0.04%)
$DOWI : 39,470.50 (+0.21%)
DIA : 394.66 (+0.17%)
$IUXX : 18,155.51 (+0.23%)
QQQ : 441.65 (+0.14%)
ZNM24 : 108-225 (-0.36%)
EQIX : 753.78 (-2.41%)
STE : 229.11 (+1.38%)
TTD : 87.08 (-1.79%)
APP : 86.37 (+1.98%)
CAKE : 37.07 (+2.80%)
Dollar Falls on Dovish Jump in US Jobless Claims

The dollar index (DXY00 ) this morning is down by -0.18%. The dollar gave up an early advance today and turned lower after US weekly jobless claims rose more than expected to an 8-1/2 month high, a dovish...

DXY00 : 105.321 (+0.09%)
^GBPUSD : 1.25265 (+0.02%)
^EURUSD : 1.07710 (-0.10%)
^USDJPY : 155.865 (+0.25%)
GCM24 : 2,376.1 (+1.53%)
SIN24 : 28.505 (+0.49%)
Our currency playbooks for the day session

We present our forex and currency futures playbooks

Stock Furtures Trade Higher While Traders Are Concnered About The BOE's Next Policy Move. Gold and Oil Prices Struggle For Direction

European markets and US futures are trading higher while investors wait for the two most important events to unfold, and one of them will very much shape trading activity for the rest of the month.

Dollar Gains on Hawkish Fed Comments and Higher Bond Yields

The dollar index (DXY00 ) on Wednesday rose by +0.13%. Higher T-note yields Wednesday supported modest gains in the dollar. Also, hawkish comments from Boston Fed President Collins were bullish for the...

DXY00 : 105.321 (+0.09%)
^EURUSD : 1.07710 (-0.10%)
^USDJPY : 155.865 (+0.25%)
GCM24 : 2,376.1 (+1.53%)
SIN24 : 28.505 (+0.49%)

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Today's 4 Stock Market Movers: $NVDA $LRCX $AMAT $MU https://t.co/zMYDpOvIjt
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Magnificent 7 Insider Sales this year excluding Zuckerberg $META and Bezos $AMZN https://t.co/Bp3UKc65fX
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Biden Administration set to impose tariffs on Chinese EVs! Helpful for Tesla $TSLA? 🤔 https://t.co/oBda1TYykV
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Apple $AAPL needed 3 months to reclaim its 200D moving average but it's doing a solid job of holding it as support now https://t.co/ymJwhG1m9F
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ETFs w/ most active options trading: $SPY - 7.2M $QQQ - 2.8M $IWM - 927k $SLV - 464k $HYG - 291k $GDX - 243k $TLT - 225k $EWZ - 211k $TQQQ - 190k $FXI - 188k $GLD - 173k $EEM - 144k $SQQQ - 131k $TMF - 118k $XLF - 117k $KWEB - 102k $SOXL - 101k $IEF - 96k $LQD - 83k $DIA - 77k
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Stocks w/ most active options trading: $ET - 2.4M $TSLA - 1.4M $NVDA - 1.3M $AAPL - 1.1M $AMZN - 948k $HOOD - 644k $AMD - 431k $ARM - 378k $PLTR - 373k $RBLX - 372k $INTC - 346k $META - 287k $AMC - 275k $MARA - 270k $SBUX - 246k $GME - 219k What options did you trade?
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The Unstoppable Dow Jones Industrials posts its 7th consecutive green day, its longest winning streak since December https://t.co/Nd7Njd1YVF
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Amazon $AMZN hit an all-time high of $191.70 🚨 https://t.co/hdPEfcGzQy
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CBOE Volatility Index $VIX closed at its lowest level since January 23! No FEAR despite what CNN says 😂 https://t.co/FrVMm2Ru45

Chart of the Day

Dave Inc (DAVE)

The Chart of the Day belongs to fintech company Dave (DAVE) . 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 Flipchart feature to...
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