Currencies Futures Prices
- New Jobless Claims Less Than Expected
Jobless claims in the week ended August 8 were 963,000 when 1,150,000 were expected.
- The Nemenoff Report 08/13/2020
Financials: As of this writing (6:00am) the September Bonds are 6 points. higher at 178’31, the 10 Yr. Note up 2 at 139’02 and the [...]
- USDJPY Eyeing 107.60! - Elliott wave analysis
USDJPY is slow here at the highs, ideally it's still consolidating within wave iv that can retest previous wave 4 support before the uptrend resumes,...
- USDJPY Weekly MACD Trying to Positively Cross
The USDJPY is consolidating going into today's US morning, digesting the 4 days of gains and yesterday's break above downchannel resistance (on...
- NZDUSD Stopping For A Pause Within The Uptrend
NZDUSD is in a recovery away from the lows, ideally unfolding a five-wave, bigger move.
- USDJPY Closes Higher Third Day In A Row
USDJPY saw more gain to close higher for a third day in a row on Wednesday
Futures Market News and Commentary
The dollar index (DXY00) on Thursday fell -0.102(-0.11%). Sep euro-fx futures (E6U0) closed up +0.0014 (+0.12%), and EUR/USD (^EURUSD) rose +0.0017 (+0.14%). Sep yen futures (J6U0) closed down -0.05 (-0.05%), and USD/JPY (^USDJPY) rose +0.05 (+0.05%).
The dollar index on Thursday moved lower and posted a 4-session low. The ongoing stalemate between U.S. lawmakers on a virus relief package weighed on the dollar Thursday. EUR/USD pushed higher Thursday on optimism about upcoming Brexit talks.
The stalled virus relief package talks are a negative factor for the dollar. House Speaker Pelosi late Wednesday rebuffed an "overture" from Treasury Secretary Mnuchin to restart talks, saying the Republicans hadn't budged from demands for a smaller stimulus. Also, Atlanta Fed President Bostic said on Thursday that "our policies and our tools are limited,” so "I'm hopeful there will be more fiscal policy relief" to aid the U.S. economy.
Thursday's U.S. economic data was posit... Read more