British Pound Sep '23 (B6U23)
British Pound Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.27%. Wednesday’s better-than-expected US economic news on Mar housing starts and Mar core capital goods new orders supported gains in the dollar. Also, Wednesday’s +6% jump in crude oil prices increases inflation expectations, a hawkish factor for Fed policy, and a positive factor for the dollar.
The dollar raced to its highs on Wednesday afternoon after three FOMC members dissented in favor of no easing bias in the FOMC ‘s decision to keep policy unchanged. Also, hawkish comments from Fed Chair Powell support the dollar, as he said a bit of monetary policy restraint is the right place to be.
Heightened US-Iran tensions are boosting demand for the dollar as a safe-haven. The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. The Wall Street Journal reported that President Trump told his aides to prepare for an e... Read more
Wavetraders · Thu Apr 30, 2:20AM CDT
NZDUSD is pushing nicely to the upside since the start of the month, after we identified a completed ending diagonal around 0.5681. From there, we’ve...
Barchart · Wed Apr 29, 2:37PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.27%. Wednesday’s better-than-expected US economic news on Mar housing starts and Mar core capital...
Barchart · Wed Apr 29, 9:33AM CDT
The dollar index (DXY00 ) today is up by +0.24%. Today's better-than-expected US economic news on Mar housing starts and Mar core capital goods new orders...
Barchart · Tue Apr 28, 2:34PM CDT
The dollar index (DXY00 ) on Tuesday rose by +0.15%. Tuesday's stock slump boosted liquidity demand for the dollar. Also, higher crude oil prices on Tuesday...
Barchart · Tue Apr 28, 11:56AM CDT
With Emirati energy infrastructure taking hits from the Iran war, Treasury Secretary Bessent tries to stave off the ‘petroyuan’ era.
Wavetraders · Tue Apr 28, 9:41AM CDT
USDJPY pulled back to support near 159 after rebounding from April lows and is now stabilizing. The outlook still favors another move higher, with potential...
Barchart · 23 minutes ago
Market volatility has dropped since the recent correction, but with plenty of items on the news front, we could see a volatility spike at any point.
Barchart · 47 minutes ago
June S&P 500 E-Mini futures (ESM26) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.22% this morning as investors digest earnings reports...
Barchart · 1 hour ago
Walt Disney has lagged behind the broader market over the past year, yet analysts remain highly optimistic about the stock’s prospects.
Barchart · Thu Apr 30, 4:08AM CDT
Boston Scientific has lagged behind the broader market over the past year, yet analysts remain highly bullish about the stock’s prospects.
Barchart · Wed Apr 29, 10:41PM CDT
As QUALCOMM has considerably underperformed the broader market over the past year, Wall Street analysts maintain a cautious outlook about the stock’s...
Barchart · Wed Apr 29, 9:51PM CDT
General Motors has considerably outperformed the S&P 500 over the past year, and Wall Street analysts maintain a moderately optimistic outlook about the...
Barchart · Wed Apr 29, 6:30PM CDT
Coca-Cola made “boring” blue chips look interesting again, with solid top-line growth, a rising stock, and steady strength quietly turning into market...
Barchart · Wed Apr 29, 6:30PM CDT
Ives and his team have a price target of $225 for Oracle.
