Australian Dollar Dec '19 (A6Z19)
Australian Dollar Futures Market News and Commentary
The dollar index (DXY00) this morning is down -0.820 (-0.81%). Jun euro-fx futures (E6M0) are up +0.0108 (+1.00%), and EUR/USD (^EURUSD) is up +0.0117 (+1.08%). Jun yen futures (J6M0) are up +0.09 (+0.10%), and USD/JPY (^USDJPY) is down -0.19 (-0.17%).
The dollar index this morning is weaker on strength in commodity-linked currencies as stocks rally sharply on hopes the spread of the coronavirus is slowing. EUR/USD also rallied as EU ministers consider a $540 billion stimulus plan. A positive for the dollar is higher T-note yields as the 10-year T-note yield today rose to a 1-week high of 0.765%
A sharp rally in stocks today is giving commodity currencies a boost on hopes that the spread of the coronavirus may be slowing. Italy, France and Germany today announced lower numbers of new coronavirus cases, and China reported no new deaths for the first time since the pandemic emerged, although Spain did report an uptick in deaths. Confirmed cases of the coronavirus have ri... Read more
- Gold Makes New Swing Highs
Gold blew through tough resistance at $1,700 per ounce yesterday and came within less than $8 of our $1,750 target price in overnight price action. $1,742.50...
- Stock Index Futures Higher
The Dow Jones posted its third-biggest point gain ever on Monday.
- EUR/USD continue uptrend to 1.0957 while trading above 1.0903
The uptrend may be expected to continue, while pair is trading above support level 1.0903, which will be followed by reaching resistance level 1.0931 and...
- NZDUSD (KIWI) Still Bearish Mid-term - Elliott wave analysis
NZDUSD can be unfolding a five-wave move for a higher degree wave C, down from 0.679 level.
- Additional Economic Stimulus Takes Stock Index Futures Sharply Higher
Traders may be anticipating more global economic stimulus and additional accommodation from the worlds central banks.
- Softs Technical Report- Cocoa Sugar Coffee OJ
Actionable Trading Ideas that help you stay ahead of the markets"