British Pound Jul '26 (B6N26)
British Pound Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.20%. The dollar added to its week-long surge on Wednesday and posted a new 13-month high. The dollar continues to benefit from carryover support from last Wednesday, when the FOMC’s hawkish stance suggested 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 -$208.9 billion expected.
US May new home sales unexpectedly fell -7.3% m/m to a 4-month low of 580,000, weaker than expectations of an increase to 640,000.
The swaps markets are discounting the odds at 34% for a +25 bp rate cut hike at the next FOMC meeting on July 28-29.
EUR/USD (^EURUSD) fell by -0.25% on Wednesday and posted a fresh 1-year low. The dollar’s strength on Wednesday weighed on the euro. Also, the euro is falling amid negative carryover from Monday, after ECB Presiden... Read more
Barchart · 1 hour ago
The dollar index (DXY00 ) on Wednesday rose by +0.20%. The dollar added to its week-long surge on Wednesday and posted a new 13-month high. The dollar...
Barchart · Wed Jun 24, 9:37AM CDT
The dollar index (DXY00 ) today is up by +0.26%. The dollar added to its week-long surge today and posted a new 13-month high. The dollar continues to...
Barchart · Wed Jun 24, 9:26AM CDT
September Euro currency futures present a selling opportunity on more price weakness.
Wavetraders · Wed Jun 24, 5:14AM CDT
USDJPY has resumed its recovery and is trading back near the 2024 highs, despite earlier intervention efforts by the Bank of Japan. However, the rally...
Barchart · Tue Jun 23, 2:34PM CDT
The dollar index (DXY00 ) climbed to a 13-month high on Tuesday and finished up by +0.36%. The dollar rallied on Tuesday's plunge in equity markets, boosting...
Gold Price Forecast · Tue Jun 23, 12:20PM CDT
It was about the rate channel. And this changes everything.
Barchart · 1 minute ago
The S&P 500 Index ($SPX ) (SPY ) closed down -0.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.35%, and the Nasdaq 100 Index ($IUXX...
Barchart · 2 minutes ago
Cerebras stock sinks on disappointing Q2 margin guidance. But Morgan Stanley recommends buying the post-earnings dip in CBRS shares.
Barchart · 8 minutes ago
Qualcomm confirmed its nearly $4 billion acquisition of Modular on Wednesday. Here’s why this transaction is largely positive for QCOM shares.
Barchart · 10 minutes ago
Palantir’s solid operational performance suggests that the underlying growth story remains intact.
Barchart · 17 minutes ago
FuelCell stock rallies on a multi-phase supply agreement with Fit Energy. But Wall Street firms recommend caution in buying FCEL shares at current levels....
Barchart · 23 minutes ago
IBM has partnered with OpenAI's Daybreak Cyber Partner Program with shares popping 4.8% in after-market trading.
Barchart · 23 minutes ago
MEXT bridges the gap between low-cost flash memory and expensive DRAM, helping data centers improve their efficiency as a result.
Barchart · 27 minutes ago
Wendy’s stock soars on a retail-driven short squeeze. Here’s why WEN shares aren’t worth owning at current levels.