Currencies Futures Prices
- Algo Trading System Euro Currency Report For 10/21/2019
Based on 4 algo trading strategies developed with the Strategy Factory approach and 3 indicator based algo strategies, the current position bias for Euro...
- AUDUSD Further Price Offensive Eyes 0.6894 Zone
AUDUSD is threatening further upside pressure following its strong rally on Thursday. On the downside, support lies at the 1.6800 level.
- Paragon Investments' Futures File: Cotton & Pound Higher
Our weekly column looks at the ongoing rally in cotton and the British pound.
- FOMC Likely to Cuts Rates Again at the October 30 Policy Meeting
Market participants believe there is an 83% probability that the Federal Open Market Committee will lower its fed funds rate by another 25 basis points...
- BULLS On the RUN On KIWI! - Elliott Wave Analysis
NZD was very week a few days back but now is coming up very strong and it appears that even more upside will occur in the near-term as we see rise...
- China slows. Pound gains as Parliament prepares to vote on Johnson deal
Weak growth data confirmed that the trade disruptions with the US have continued taking a toll on Chinas economy during the third quarter.
Futures Market News and Commentary
The dollar index (DXY00) on Friday fell by -0.328 (-0.34%). Dec euro-fx futures (E6Z9) closed up +0.0037 (+0.33%), and EUR/USD (^EURUSD) rose by +0.0038 (+0.34%). Dec yen futures (J6Z9) closed up +0.0019 (+0.20%), and USD/JPY (^USDJPY) fell by -0.24 (-0.22%). The dollar index moved lower for a fourth day Friday and posted a 1-3/4 month low on dovish Fed commentary along with slower-than-expected Chinese growth that is dovish for Fed policy. Fed comments on Friday pressured the dollar. Fed Vice Chair Clarida on Friday said the U.S. economy is in a good place but faces "evident risks" and the Fed will act "as appropriate" to sustain the expansion. Also, Dallas Fed President Kaplan said, "global growth is decelerating due to trade tensions and the U.S. is not immune to slowing global growth." Kaplan's and Clarida's comments signal they may favor additional Fed rate cuts to counter a slowdown in the global economy. Weakness in Chinese growth is negative for the global economy and may promp... Read more