Currencies Futures Prices
- GBPJPY Showing Bullish Signs - Elliott wave analysis
GBPJPY made a five-wave rise from May lows, and afterwards was followed by a three-wave a-b-c correction.
- SP 500 Futures Take Out Double And Triple Top Patterns
S&P 500 futures are trading at the highest levels since March 9 after June S&P 500 futures advanced above a double top on the weekly chart and a triple...
- Bearish Pattern On USD index Suggests Further Weakness - Elliott wave analysis
USD index is trading sideways for some time now, ideally unfolding an Elliott wave triangle correction in wave B that is part of a three-wave corrective...
- Initiating a Long Swiss Franc, Short Japanese Yen Spread
This inter-commodity spread has hypothetically profited in 12 of the last 15 years
- JPY/USD (6J) Analysis with the Market Profile
The following article continues the initial analysis of theJPY/USD futures marketbased on the weekly market profile in combination with the volume profile....
- Algo Trading System Euro Currency Report For 05/26/2020
Based on 4 algo trading strategies developed with the Strategy Factory approach and 3 indicator based algo strategies, the current position bias for Euro...
Futures Market News and Commentary
The dollar index (DXY00) on Tuesday fell -0.956 (-0.96%). Jun euro-fx futures (E6M0) closed up +0.0106 (+0.97%), and EUR/USD (^EURUSD) rose +0.0094 (+0.86%). Jun yen futures (J6M0) closed up +0.03 (+0.03%), and USD/JPY (^USDJPY) fell -0.17 (-0.16%).
The dollar index on Tuesday tumbled to a 3-week low as renewed global economic optimism boosted stocks and curbed the liquidity-demand for dollars. Also, EUR/USD rose on reports that Germany will lift travel warnings. USD/JPY fell as the yen strengthened after Japan ended its state of emergency everywhere in the country.
Global stocks moved higher Tuesday as countries ease coronavirus lockdown restrictions, which bolsters the prospects for an economic recovery.
Tuesday's U.S. economic data was mixed for the dollar. The Conference Board's U.S. May consumer confidence index rose +0.9 to 86.6, slightly weaker than expectations for an increase to 87.0. Also, the U.S. Apr Chicago Fed national activity index fell -11.77 to... Read more