British Pound May '26 (B6K26)
British Pound Futures Market News and Commentary
The dollar index (DXY00) rallied to a 1.5-week high on Wednesday, finishing up by 0.22%. The dollar moved higher on Wednesday on the stronger-than-expected US Apr PPI report, which was hawkish for Fed policy. The dollar also has safe-haven support on concerns that the US-Iran ceasefire may break down after President Trump said the current ceasefire was on “life support.” In addition, Wednesday’s jump in the 10-year T-note yield to a 10-month high of 4.49% strengthens the dollar’s interest rate differentials.
US Apr PPI final demand rose +1.4% m/m and +6.0% y/y, stronger than expectations of +0.5% m/m and +4.8% y/y, with the +6.0% y/y jump being the largest increase in 3.25 years. Also, Apr PPI ex-food and energy rose +0.6% m/m and +5.2% y/y, stronger than expectations of +0.3% m/m and +4.3% y/y, with the +5.2% y/y gain being the largest increase in 3.25 years.
Swaps markets are discounting the odds at 3% for a 25 bp rate cut at the next FOMC meeting on June 16-17. Read more
Wavetraders · 1 hour ago
EURCHF may dip toward 0.9100 support within wave C of (Y) before the broader bullish trend resumes.
Barchart · Wed May 13, 2:36PM CDT
The dollar index (DXY00 ) rallied to a 1.5-week high on Wednesday, finishing up by 0.22%. The dollar moved higher on Wednesday on the stronger-than-expected...
Barchart · Wed May 13, 9:45AM CDT
The dollar index (DXY00 ) climbed to a 1.5-week high today and is up by +0.22%. The dollar is moving higher today on the stronger-than-expected US Apr...
Barchart · Tue May 12, 2:34PM CDT
The dollar index (DXY00 ) on Tuesday rose by +0.34%. The dollar moved higher on Tuesday amid renewed concerns that the US-Iran ceasefire may break down...
Barchart · Tue May 12, 9:44AM CDT
September Australian dollar futures present a buying opportunity on more price strength.
Barchart · Tue May 12, 9:34AM CDT
The dollar index (DXY00 ) today is up by +0.45%. The dollar is climbing today on renewed concerns that the US-Iran ceasefire may break down after President...
Barchart · 6 minutes ago
June S&P 500 E-Mini futures (ESM26) are up +0.27%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.24% this morning, pointing to further gains after...
Barchart · 50 minutes ago
Sherwin-Williams Company has underperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects....
Barchart · 1 hour ago
Ball Corporation has lagged the broader market over the past year, although analysts continue to maintain a cautiously positive outlook on the stock’s...
Barchart · 1 hour ago
The Bank of New York Mellon has outperformed the broader market over the past year, with analysts maintaining a generally bullish outlook on the company’s...
Barchart · 1 hour ago
Cencora has consistently outperformed the broader market over the past year, and analysts are maintaining a strongly bullish outlook on the company’s...
Barchart · 1 hour ago
Despite lagging the broader market over the past year, ONEOK continues to earn a moderately bullish outlook from Wall Street analysts, supported by the...
Barchart · 1 hour ago
Clorox Company has underperformed the broader market over the past year, and analysts remain cautious about the stock’s prospects.
Barchart · 1 hour ago
Despite trailing the broader market over the past year, Waste Management continues to garner a moderately bullish outlook from Wall Street analysts.
