Australian Dollar Dec '21 (A6Z21)
Australian Dollar Futures Market News and Commentary
The dollar index (DXY00) fell to a 1-week low on Wednesday and finished down by -0.48%. The dollar tumbled on Wednesday after the FOMC kept interest rates unchanged. The dollar moved higher briefly early on Wednesday after crude oil prices surged more than +6% when President Trump said the US will “hit Iran hard” after a recent attack from Iran that targeted a US base in Jordan. The jump in crude prices raises inflation expectations and could prompt the Fed to tighten monetary policy, a supportive factor for the dollar.
The FOMC, as expected, kept the fed funds target range unchanged at 3.50% to 3.75% in a 9-3 vote, with Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan voting for a quarter-point rate hike.
The post-FOMC statement said, “Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,” adding that “productivity growth a... Read more
Barchart · Wed Jul 29, 2:46PM CDT
The dollar index (DXY00 ) fell to a 1-week low on Wednesday and finished down by -0.48%. The dollar tumbled on Wednesday after the FOMC kept interest...
Barchart · Wed Jul 29, 10:00AM CDT
December Euro currency futures present a selling opportunity on more price weakness.
Barchart · Wed Jul 29, 9:35AM CDT
The dollar index (DXY00 ) is down by -0.02% today. The dollar recovered from overnight losses and is little changed after crude oil prices surged more...
Barchart · Wed Jul 29, 8:28AM CDT
While the message the Fed fund futures forward curve is sending us has changed over the past month, the September result is expected to be the same.
Wavetraders · Wed Jul 29, 5:25AM CDT
Weekly market outlook covering the Fed decision, earnings season, and key Elliott Wave setups across FX, stocks, commodities, and crypto. We review the...
Barchart · Tue Jul 28, 2:34PM CDT
The dollar index (DXY00 ) fell from a 1-month high on Tuesday, finishing down -0.14%. The dollar gave up an early advance on Tuesday and moved lower on...
Barchart · 58 minutes ago
The wheat complex posted mostly lower trade on Wednesday with the spring wheat contracts holding higher. Chicago SRW contracts were lower on the midweek...
Barchart · 58 minutes ago
Cotton futures were weaker on Wednesday, with contracts 67 to 119 points lower. Crude oil was back up $5.34 per barrel, with the US dollar index was 0.586....
Barchart · 58 minutes ago
Corn futures gave back the bounce from Tuesday, with contracts closing the Wednesday session down 2 to 9 ½ cents, led by the nearbys. The CmdtyView national...
Barchart · 58 minutes ago
Live cattle futures closed the Wednesday session, with contracts continuing to bounce from Monday’s weakness, up 42 cents to $2.07 higher. Early bids...
Barchart · 58 minutes ago
Soybeans posted losses of 13 ½ to 34 cents on Wednesday, with front months leading the charge. The cmdtyView national average Cash Bean price was 31...
Barchart · 58 minutes ago
Lean hog futures faced weakness on Wednesday, with contracts $1.37 to $2.57 lower. USDA’s national base hog price was reported at $101.79 on Wednesday...
Barchart · Wed Jul 29, 3:55PM CDT
SpaceX has lost over a trillion dollars in valuation in just over a month.
Barchart · Wed Jul 29, 3:41PM CDT
The outspoken Wall Street executive is bearish on long-term bonds, but there could be opportunities for proactive Treasury traders.