Euro FX Jun '24 (E6M24)
Euro FX Futures Market News and Commentary
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 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. Today’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 39% 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 today and is up by +0.01%. Signs of strength in t... Read more
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 · Thu Aug 20, 9:32AM CDT
The dollar index (DXY00 ) recovered from a 3-month low today and is up +0.05%. Short covering emerged in the dollar today on better-than-expected US economic...
Barchart · Wed Aug 19, 5:52PM CDT
Like a dealer buying his own stash, the Treasury is propping up the market for long-dated bonds – and it won’t end well.
Barchart · Wed Aug 19, 2:50PM CDT
Inside the Treasury Department announcement that temporarily calmed the longer end of the yield curve.
Barchart · 2 minutes ago
Dan Loeb opened new positions in SpaceX, Warner Bros. Discovery, and TTM Technologies in Q2.
Barchart · 8 minutes ago
Werewolf Therapeutics stock explodes higher on a merger agreement with Ambros Therapeutics. But is there any further upside left in HOWL shares?
Barchart · 29 minutes ago
Yesterday’s unusual options activity revealed a massive 20,000-contract bull call spread on Pacific Gas & Electric (PCG). The low-risk, high-reward October...
Barchart · 34 minutes ago
Coherent is expanding beyond AI optics into thermal management just as rising AI power demand creates another major infrastructure bottleneck.
Barchart · 44 minutes ago
Live cattle futures are trading with 60 to 90 cent losses at midday. Cash trade has picked up a few at $355-360 dressed and $223-227. The Friday morning...
Barchart · 44 minutes ago
Cotton futures are holding mostly steady on Friday after early gains, with contracts down 7 points to 10 points higher, and October up 56 points. Crude...
Barchart · 44 minutes ago
Corn futures are holding onto 1 to 2 cent gains across most contracts on Friday. The CmdtyView national average Cash Corn price is up 1 ½ cents at $4.52...
Barchart · 44 minutes ago
Soybeans are trading with midday losses of 1 to 3 cents at Friday’s midday. September options expire today. The cmdtyView national average Cash Bean...