Currencies Futures Prices
- Algo Trading System Euro Currency Report For 06/08/2020
Based on 4 algo trading strategies developed with the Strategy Factory approach and 3 indicator based algo strategies, the current position bias for Euro...
- Stock Rally Likely to Prove Ephemeral
There has been a lot of talk in the financial press about the shape of the COVID-19 recovery. V shapers view the huge 38% rally in the S&P 500 as predictive...
- EURUSD 1st Red Daily Candle Trying to Form in 9 Days
The EURUSD appears on pace going into today's European morning, to form its 1st red daily candle in 9 days. Significantly, odds are high for healthy...
- Stock Index Futures Advance
Global equity markets are higher as hopes build for more economic stimulus.
- Upward Momentum Continues for Stock Index Futures
June S&P 500 futures advanced to their highest level since Mar 6 and NASDAQ futures are at their best levels since Feb 21.
- Forex and underlying currencies - daily analysis and trade ideas
Most setups traded nicely to the Asian European sessions
Futures Market News and Commentary
The dollar index (DXY00) on Friday rose +0.261 (+0.27%). Jun euro-fx futures (E6M0) closed down -0.056 (-0.49%), and EUR/USD (^EURUSD) fell -0.0041 (-0.36%). Jun yen futures (J6M0) closed down -0.42 (-0.45%), and USD/JPY (^USDJPY) rose +0.46 (+0.42%).
The dollar index on Friday rebounded from an overnight 2-3/4 month low and moved higher on a stronger-than-expected U.S. May payrolls report. Also, USD/JPY rallied as a surge in stock indexes on Friday undercut the safe-haven demand for the yen. Gains in the dollar accelerated Friday after the 10-year T-note yield jumped to a 2-1/4 month high of 0.956%, which improved the dollar's interest rate differentials.
Friday's U.S. labor market data was unexpectedly strong and was bullish for the dollar. U.S. May non-farm payrolls unexpectedly rose +2.509 million, much stronger than expectations for a decline of -7.5 million. Also, the May unemployment rate fell -1.4 to 13.3%, showing a stronger labor market than expectations for... Read more