British Pound Jun '26 (B6M26)
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 · 1 hour ago
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 · 1 hour ago
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 · 12 seconds ago
Just when GameStop’s comeback seemed to be settling in, Cohen threw another curveball by refusing to let go of his eBay ambitions. Could this add more...
Barchart · 1 minute ago
Backblaze jumped 44% after securing a $335 million deal with CoreWeave tied to AI storage demand.
Barchart · 9 minutes ago
September ICE NY cocoa (CCU26 ) today is up +337 (+7.26%), and July ICE London cocoa #7 (CAN26 ) is up +239 (+6.85%). Cocoa prices extended their two-week...
Barchart · 17 minutes ago
Bentley Systems hit its 39th new 52-week low of the past 12 months on Tuesday at $28.37. The infrastructure software stock went public in the same month...
Barchart · 24 minutes ago
September arabica coffee (KCU26 ) today is up +1.40 (+0.51%), and July ICE robusta coffee (RMN26 ) is up +73 (+2.04%). Coffee prices extended their two-week-long...
Barchart · 24 minutes ago
IES Holdings (IESC) exhibits strong technical momentum, with a 100% “Buy” opinion from Barchart and a Trend Seeker “Buy” signal since June 11....
Barchart · 25 minutes ago
Micron options pricing suggests an extreme move post earnings. Irrespective of how strong the memory demand is, it may not be worth risking money on a...
Barchart · 29 minutes ago
A $20 billion OpenAI deal should have sent investors into celebration mode. Instead, Wall Street fixated on shrinking margins.