Euro FX Mar '20 (E6H20)
Euro FX Futures Market News and Commentary
The dollar index (DXY00) fell by -0.02% on Friday, holding just above Thursday’s 3.25-month low. Strength in stocks on Friday reduced demand for dollar liquidity. The dollar is still weighed down by negative carryover from Wednesday, when the US Treasury boosted liquidity and announced plans to increase buybacks of long-dated bonds. Friday’s US economic news was mixed for the dollar, with the Aug S&P manufacturing PMI falling more than expected, but the Aug S&P services PMI rising more than expected.
The US Aug S&P manufacturing PMI fell -0.7 to 53.2, weaker than expectations of no change at 53.9, but the Aug S&P services PMI unexpectedly rose +2.8 to 56.8, stronger than expectations of a decline to 54.0 and the fastest pace of expansion in 4.5-years.
The markets are discounting a 40% probability of a +25 bp rate hike at the next FOMC meeting on September 15-16.
EUR/USD (^EURUSD) matched Thursday’s 3.25-month high on Friday and finished up by +0.02%. Signs of s... Read more
Barchart · 1 hour ago
What happens when seasonality, inflation, crude oil, and interest rates all begin pointing toward the same trade?The euro is approaching a 75-day seasonal...
Barchart · Mon Aug 24, 5:35AM CDT
With strong moves seen at Sunday night's open, the Grains sector showed this could be another fun week.
Barchart · Fri Aug 21, 2:34PM CDT
The dollar index (DXY00 ) fell by -0.02% on Friday, holding just above Thursday’s 3.25-month low. Strength in stocks on Friday reduced demand for dollar...
Barchart · Fri Aug 21, 9:33AM CDT
The dollar index (DXY00 ) is down by -0.03% today, holding just above Thursday’s 3.25-month low. Strength in stocks today has reduced demand for dollar...
Barchart · Fri Aug 21, 9:26AM CDT
December Euro currency futures present a buying opportunity on more price strength.
Barchart · Thu Aug 20, 2:36PM CDT
The dollar index (DXY00 ) recovered from a 3-month low on Thursday and finished up +0.08%. Short covering emerged in the dollar on Thursday amid better-than-expected...
Barchart · 10 minutes ago
While KLA Corporation has outperformed relative to the broader market over the past year, Wall Street analysts maintain a cautiously optimistic outlook...
Barchart · 11 minutes ago
Amazon plans to expand Prime Air to nearly 500 U.S. cities and towns by year-end, adding a new long-term catalyst to its broader AI and AWS growth story....
Barchart · 24 minutes ago
Cooper Companies has underperformed the broader market over the past year, and analysts remain somewhat optimistic about the stock’s prospects.
Barchart · 37 minutes ago
Palo Alto Networks is set to release its fiscal Q4 earnings on Sept. 1. Since my last article, when I set a $402 price target, analysts have raised their...
Barchart · 1 hour ago
CDW Corporation has lagged behind the broader market over the past year, and analysts remain somewhat optimistic about the stock’s prospects.
Barchart · 1 hour ago
Although MSCI has underperformed relative to the broader market over the past year, Wall Street analysts maintain a strongly optimistic outlook about the...
Barchart · 1 hour ago
Live cattle futures pull off early losses on Friday, with contracts closing down 30 cents to $1.15 higher. October was up 95 cents on the week. Open interest...
Barchart · 1 hour ago
Lean hog futures posted gains of 50 to 77 cents across most contracts on Friday, with October slipping 87 cents on the week. USDA’s national base hog...