British Pound Jul '26 (B6N26)
British Pound Futures Market News and Commentary
The dollar index (DXY00) today is up by +0.26%. The dollar added to its week-long surge today and posted a new 13-month high. The dollar continues to garner carryover support from last Wednesday, when the FOMC’s hawkish stance projected higher interest rates later this year. The dollar fell back from its best level after May's new home sales unexpectedly fell to a 4-month low.
The US Q1 current account balance was -$225.8 billion, a larger deficit than the -$208.9 billion expected.
US May new home sales unexpectedly fell -7.3% m/m to a 4-month low of 580,000, weaker than expectations of an increase to 640,000.
The swaps markets are discounting the odds at 32% for a +25 bp rate cut hike at the next FOMC meeting on July 28-29.
EUR/USD (^EURUSD) fell to a fresh 1-year low today and is down by -0.31%. The dollar's strength today is weighing on the euro. Also, the euro is falling amid negative carryover from Monday, after ECB President Lagarde's dovish comme... Read more
Barchart · Wed Jun 24, 9:37AM CDT
The dollar index (DXY00 ) today is up by +0.26%. The dollar added to its week-long surge today and posted a new 13-month high. The dollar continues to...
Barchart · Wed Jun 24, 9:26AM CDT
September Euro currency futures present a selling opportunity on more price weakness.
Wavetraders · Wed Jun 24, 5:14AM CDT
USDJPY has resumed its recovery and is trading back near the 2024 highs, despite earlier intervention efforts by the Bank of Japan. However, the rally...
Barchart · Tue Jun 23, 2:34PM CDT
The dollar index (DXY00 ) climbed to a 13-month high on Tuesday and finished up by +0.36%. The dollar rallied on Tuesday's plunge in equity markets, boosting...
Gold Price Forecast · Tue Jun 23, 12:20PM CDT
It was about the rate channel. And this changes everything.
Barchart · Tue Jun 23, 9:35AM CDT
The dollar index (DXY00 ) climbed to a 13-month high today and is up by +0.33%. The dollar is finding support from today's plunge in equity markets, which...
Barchart · 1 minute ago
July Nymex natural gas (NGN26 ) on Wednesday closed up +0.074 (+2.35%). Nat-gas prices moved higher on Wednesday as US weather forecasts shifted to hotter,...
Barchart · 2 minutes ago
The software sector is an important part of the market. But while it's headed down, here's how to capitalize.
Barchart · 43 minutes ago
Mark Zuckerberg’s Meta AI hackathon meant to boost morale after layoffs drew employee backlash, with staff citing heavy workloads, job fears and “soul-crushing”...
Barchart · 49 minutes ago
July NY world sugar #11 (SBN26 ) on Wednesday closed unchanged, and Aug London ICE white sugar #5 (SWQ26 ) closed up +3.20 (+0.73%). Sugar prices found...
Barchart · 50 minutes ago
September ICE NY cocoa (CCU26 ) on Wednesday closed up +328 (+7.06%), and July ICE London cocoa #7 (CAN26 ) closed up +246 (+7.05%). Cocoa prices extended...
Barchart · 51 minutes ago
September arabica coffee (KCU26 ) on Wednesday closed up +1.24 (+0.45%), and July ICE robusta coffee (RMN26 ) closed up +127 (+3.55%). Coffee prices extended...
Barchart · 52 minutes ago
With significant opportunities in both AECs and optical networking, Credo is well-positioned to deliver solid growth.
Barchart · 55 minutes ago
Coinbase investors are focusing on July 17 as the upcoming CLARITY Act hearing could reshape crypto regulation and unlock new growth opportunities.