Euro FX Dec '24 (E6Z24)
Euro FX Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the dollar.Â
Gains in the dollar accelerated on Wednesday on stronger-than-expected US economic reports on May ADP employment, the May ISM services index, and Apr factory orders, which are hawkish for Fed policy. In addition, escalation of Middle East tensions is boosting some safe-haven demand for the dollar after US forces intercepted Iranian ballistic missiles and drones aimed at neighboring countries and struck an Iranian command center in response.Â
The dollar posted its high on Wednesday afternoon on a hawkish Fed Beige Book that reported slight to moderate economic growth across most Fed districts through May 27, with employment little changed and most of the 12 Fed districts re... Read more
Wavetraders · 1 hour ago
CADJPY has seen a very nice push higher recently after we identified a wave four retracement, but now price is coming down from around 117.50 and is even...
Barchart · Wed Jun 3, 2:35PM CDT
The dollar index (DXY00 ) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase...
Barchart · Wed Jun 3, 9:39AM CDT
The dollar index (DXY00 ) today is up by +0.23%. The dollar is moving higher today and is being supported by a +1% increase in WTI crude oil prices, which...
Barchart · Tue Jun 2, 2:34PM CDT
The dollar index (DXY00 ) on Tuesday rose by +0.02%. The dollar recovered from early losses on Tuesday and moved slightly higher after US Apr JOLTS job...
Barchart · Tue Jun 2, 9:34AM CDT
The dollar index (DXY00 ) today is down by -0.04%. Comments from President Trump have reduced safe-haven demand for the dollar when he said that negotiations...
Barchart · Mon Jun 1, 2:50PM CDT
The dollar index (DXY00 ) on Monday rose by +0.28% on safe-haven demand after Iran said it had halted ceasefire talks with the US, which raised the potential...
Barchart · 24 minutes ago
Capital One is facing a rough patch as its shares lag the broader market. However, Wall Street still sees untapped potential ahead.
Barchart · Wed Jun 3, 11:01PM CDT
Northrop Grumman has considerably lagged its industry peers recently, yet analysts remain moderately optimistic about the stock’s prospects
Barchart · Wed Jun 3, 10:15PM CDT
Although Becton, Dickinson and Company has underperformed its sector peers recently, analysts remain moderately optimistic about the stock’s prospects....
Barchart · Wed Jun 3, 9:33PM CDT
Parker-Hannifin has considerably underperformed the Dow recently, yet analysts remain highly optimistic about the stock’s prospects.
Barchart · Wed Jun 3, 8:53PM CDT
While Constellation Energy has underperformed the Nasdaq recently, analysts remain highly optimistic about the stock’s prospects.
Barchart · Wed Jun 3, 7:43PM CDT
Despite NXP Semiconductors' outperformance relative to its industry peers over the past year, Wall Street analysts maintain a cautiously optimistic outlook...
Barchart · Wed Jun 3, 6:30PM CDT
FedEx is expected to announce its sixth consecutive dividend hike with Q4 results scheduled on 23 June.
