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 · Thu May 14, 4:28AM CDT
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...
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