Brazilian Real Sep '19 (L6U19)Get Barchart Premier
Brazilian Real Futures Market News and Commentary
The dollar index (DXY00) this morning is down -0.019 (-0.02%). Sep euro-fx futures (E6U9) are up +0.0004 (+0.04%), and EUR/USD (^EURUSD) is up +0.0001 (+0.01%). Sep yen futures (J6U9) are down by -0.0014 (-0.15%), and USD/JPY (^USDJPY) is up +0.23 (+0.22%). The dollar index is slightly lower this morning as it trades within a tight range ahead of the release of the Jul 30-31 FOMC meeting minutes this afternoon that may provide guidance as to the future path of Fed policy. The dollar has support today on higher T-note yields, which improve the dollar's interest rate differentials. Also, a rally in stocks has pushed USD/JPY higher on reduced safe-haven demand for the yen. GBP/USD is down -0.25% today amid skepticism UK Prime Minister Johnson will be able to find support to renegotiate a new Brexit deal after German Chancellor Merkel said Tuesday that there was no need to reopen the existing Brexit agreement. The yuan is down by -0.05% this morning to 7.0640 yuan/USD, nearing last Tuesday's 11-1/4 year low of 7.0726 yuan/USD. EUR/USD is slightly higher today after 10-year German bund yields rose, which improved the euro's interest rate differentials.
- GBPJPY Looks To Strengthen Further On Recovery
GBPJPY Looks To Strengthen Further On Recovery GBPJPY looks to strengthen further on recovery following Its Tuesday price rejection. On the downside,...
- Possible Payroll and Capital Gains Tax Cuts Support U.S. Stock Index Futures
U.S. stock index futures are sharply higher after yesterday President Donald Trump said his administration is looking at cuts to payroll and capital...
- GBPUSD - Current Drop Can Be Temporary (Elliott Wave)
Cable made a sharp intra-day recovery yesterday, which can be first evidence that a corrective wave B of a higher degree had ended, and that a new five-wave...
- USDCAD Rejects Lower Prices With Eyes On 1.3400 Level
USDCAD rejects lower prices with eyes on 1.3400 level as it retains its medium term uptrend. Support comes in at the 1.3300 level
- Flight to Quality Buying Resumes
U.S. stock index futures were higher in the overnight trade, as investors welcomed signs that additional fiscal and monetary stimulus in the U.S. and...
- Elliott Wave View: GBPJPY Recovery Nearing Completion
Elliott Wave View: Elliott Wave View: GBPJPY Recovery Nearing Completion