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FX News and Commentary

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Wed, Nov 29th, 2023
Dollar Recovers Early Losses on U.S. Economic Strength

The dollar index (DXY00 ) on Wednesday rose by +0.04%. The dollar on Wednesday recovered from a 3-1/2 month low and posted modest gains. The dollar rebounded after Wednesday’s economic news showed Q3...

Stocks Move Higher on Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.51%. Stocks...

USDJPY Forecasting The Rally After Elliott Wave Double Three Pattern

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of (USDJPY) published in members area of the website.  As our members know USDJPY  has...

^USDJPY : 147.070 (-0.11%)
Dollar Falls on Dovish Fed Comments and Euro Strength

The dollar index (DXY00 ) on Tuesday fell by -0.34% and posted a 3-1/2 month low. The dollar Tuesday was under pressure on dovish comments from Fed Governor Waller, who said that Fed policy is well-positioned,...

Stocks Climb on Dovish Fed Speak

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. Stocks...

Dollar Moves Lower on Weak U.S. Economic News

The dollar index (DXY00 ) on Monday fell by -0.18%. On Monday, the dollar gave up early gains and posted moderate losses as weaker-than-expected U.S. economic news on October new home sales and the Nov...

Prop Trading Firms - How To Choose The One That Suits You

Explore the process of selecting the prop firm that aligns with your trading style and aspirations, empowering you to maximize your trading success.

Stocks Undercut by Weak Chinese News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.07%. Stocks...

Dollar Slides on Weak U.S. Manufacturing Activity

The dollar index (DXY00 ) on Friday fell by -0.52%. The dollar retreated on Friday after economic news showed the U.S. Nov S&P manufacturing PMI fell more than expected. Also, strength in the euro Friday...

EURJPY Elliott Wave : Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of (EURJPY) published in members area of the website.  As our members know, the pair is showing...

^EURJPY : 161.406 (-0.06%)

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Source: Goldman Sachs
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Hedge Funds are the least long financial stocks since the onset of covid https://t.co/2uKrfHzmoI
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Wall Street's 2024 Year-End S&P 500 Targets. Which Bank will be correct? https://t.co/C4WY8OISMi
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8 Stocks that Hedge Funds are crowding into - $LYFT $LSXMK $ROIV $PLNT $NYT $HHH $W $CAR https://t.co/sw1hyeSn9A
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Market is now pricing in a 25bps interest rate cut in May https://t.co/UKgEMxainf
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2-Year Treasury Yield has dropped below its 200D moving average for the first time since May 👀 https://t.co/SPvCBE8Brp

Chart of the Day

Godaddy Inc (GDDY)

The Chart of the Day belongs to the technology company GoDaddy (GDDY) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature...
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