British Pound Mar '28 (B6H28)
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
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...
Wavetraders · Tue May 12, 1:48AM CDT
NZDJPY remains below the 95 resistance zone and could still be forming a wave four correction before another push higher toward 96–97.
Barchart · 1 hour ago
The C-Suite promotion could signal a focus on continuity and stronger partnerships with major tech players, as the company works to rebuild investor trust...
Barchart · 1 hour ago
Intuitive Machines is set to report Q1 earnings before the market opens on May 14. Ahead of the quarterly print, Barchart’s options data suggests LUNR...
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.58%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.14%, and the Nasdaq 100...
Barchart · 1 hour ago
A larger total addressablea market may be a reason for optimism when it comes to Qualcomm.
Barchart · 1 hour ago
Microsoft stock is in the spotlight as LinkedIn revealed plans of cutting 5% of its global workforce. Here’s how you should play MSFT shares for the...
Barchart · 1 hour ago
Nebius shares are rallying as the company reported blockbuster Q1 financials – and even beyond headline numbers, there are ample reasons to load up on...
Barchart · 1 hour ago
The upcoming Q2 earnings release for Applied Materials could make or break the ongoing rally that has the stock up 150% over the past year.
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...
