Euro FX May '22 (E6K22)
Euro FX Futures Market News and Commentary
The dollar index (DXY00) rose by +0.04% on Friday. The dollar recovered from a 6-week low on Friday and posted modest gains as higher T-note yields strengthened the dollar’s interest rate differentials. The dollar also found support on stronger-than-expected US economic news, including the Q2 employment cost index, the Jul MNI Chicago PMI, and the University of Michigan US Jul consumer sentiment index. In addition, Friday’s +1% increase in WTI crude oil prices raises inflation expectations and could prompt the Fed to tighten monetary policy, a supportive factor for the dollar.
Hawkish comments on Friday from Dallas Fed President Lorie Logan were supportive of the dollar when she said, “Without any policy restraint, inflation will likely continue to trend above target until there’s an unanticipated shock. Modest action in the near term would reduce the likelihood of needing to take sharper action later.”
The US Q2 employment cost index rose +0.9%, stronger than expecta... Read more
Barchart · Fri Jul 31, 2:38PM CDT
The dollar index (DXY00 ) rose by +0.04% on Friday. The dollar recovered from a 6-week low on Friday and posted modest gains as higher T-note yields strengthened...
Barchart · Fri Jul 31, 11:08AM CDT
Let’s break down this week’s events in the stock, bond, and currency markets, and I’ll include my bias on price direction for each in the coming...
Barchart · Fri Jul 31, 10:15AM CDT
December Euro currency futures present a buying opportunity on more price strength.
Barchart · Fri Jul 31, 9:39AM CDT
The dollar index (DXY00 ) is up by +0.46% today. The dollar is moving higher today, rebounding from Thursday's 6-week low. Higher T-note yields today...
Wavetraders · Fri Jul 31, 4:22AM CDT
AUDUSD is recovering after the recent decline toward 0.6920, but the current bounce may only represent a temporary corrective move. Watch the 0.7120 resistance...
Barchart · Thu Jul 30, 2:35PM CDT
The dollar index (DXY00 ) tumbled to a 6-week low on Thursday and finished down by -0.99%. The dollar retreated on Thursday’s US economic news that...
Barchart · 54 minutes ago
One dominates in size and growth, but the other trades at a lower valuation and higher yield. Discover which is the better dividend stock.
Barchart · 1 hour ago
Lean hog futures were 22 cents to $1.50 higher across the board on Friday, with August hogs down $4 this week. USDA’s national base hog price was reported...
Barchart · 1 hour ago
The wheat complex fell into the weekend, with losses across the three exchanges as money was coming out at the end of the month. Chicago SRW contracts...
Barchart · 1 hour ago
Soybeans posted 1 to 5 ¼ cent losses across most contracts on Friday. August was down 76 cents on the week, with November dropping 66 cents. November...
Barchart · 1 hour ago
Cotton futures closed the Friday session with contracts 53 to 112 points. December managed to close the week with a 181 point gains. Crude oil was back...
Barchart · 1 hour ago
Live cattle futures were mixed, with contracts up 52 cents to 20 cents lower. August was up $4.67 this week. USDA picked up cash trade at $232-233, with...
Barchart · 1 hour ago
Corn futures posted losses of 1 ½ to 5 cents on the Friday session, as September and December both closed the week with a 23 ½ cent loss. Spillover weakness...
Barchart · Fri Jul 31, 4:11PM CDT
Apple stock sinks as muted guidance makes GF Securities downgrade it to 'Hold.' Here’s what the investment firm said in its research note today.