Currencies Futures Prices
- Elliott Wave Analysis: Bears On USDCAD Are Just Getting Ready; Buckle UP!
USDCAD is turning sharply down from a new high where we called a potential top two weeks ago, after a completed ending diagonal in wave c of Y of B)....
- Markets calm pre-Fed, EUR inflation expectations tank to all-time low
Investors in equity and foreign exchange markets are reluctant to take a direction before this weeks much expected Federal Reserve (Fed) decision. The...
- Elliott Wave View: Further Weakness in GBPUSD Expected
GBPUSD shows an incomplete impulsive structure from June 7 high favoring more downside.
- Index Prediction System Is Telling Us A Very Different Story
... share some really interesting research regarding the next six months trading expectations in the NASDAQ...
- GBPUSD Retains Downside Pressure In The Short Term
GBPUSD retains downside pressure in the short term following its recent weakness. Support lies at 1.2550 as it looks for more weakness.
- Elliott Wave Analysis: SILVER At Bearish Turning Point!
Silver is also trading in a correction of a higher degree, now at the start of wave C) of B, down from 15.100 level.
Futures Market News and Commentary
The dollar index (DXY00) on Monday fell by -0.008 (-0.01%). September euro-fx futures (E6M9) closed up +0.0009 (+0.08%), and EUR/USD (^EURUSD) moved up 0.0008 (+0.07%). September yen futures (J6M9) closed down -0.01 (-0.01%), and USD/JPY (^USDJPY) rose +0.02 (+0.02%). The dollar index on Monday moved lower on reduced optimism for a US/China trade deal along with weaker-than-expected U.S. economic data. Concern the US/China trade spat will persist undercut the dollar Monday after U.S. Commerce Secretary Ross on Sunday said a major trade deal is unlikely to emerge from a possible meeting between President Trump and Chinese President Xi Jinping at the G-20 summit in Osaka later his month, although he added that the meeting could produce an agreement to at least resume trade talks. The dollar remained lower Monday after the U.S. June Empire manufacturing index plunged by -25.4 to a 2-1/2 year low of -8.6, weaker than expectations of -6.8 to 11.0, which is dovish for Fed policy and dollar-negative. Also, the U.S. June NAHB housing market index unexpectedly fell -2 to 64. weaker than expectations of +1 to 67. GBP/USD on Monday tumbled to a 5-1/2 month low on concern about a no-deal Brexit if Boris Johnson is appointed as the new UK Prime Minister in July, as expected. Gains in EUR/USD were limited by Monday's comments from ECB Executive Board member Coeure who said, "the constellation of prices in the bond market paints a picture of the global economy which is very bleak" and the ECB will act if needed to support the economy.