Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Investment Tools And Research To Help Make You A More Confident And Profitable Trader. FREE 30 Day Trial
Stocks | Futures | Watchlist | News | More
or

Scrap 6063 Aluminum Extru. Idx (ALPAUSY15.CM)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [MTIDX]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Scrap 6063 Aluminum Extru. Idx Futures Market News and Commentary

Dollar Pressured After FOMC Cuts Interest Rates by 50 bp

The dollar index (DXY00) Wednesday tumbled to a 14-month low and finished down by -0.12%.  The dollar sank Wednesday after the FOMC cut the fed funds rate by 50 bp and projected another 50 bp of rate cuts by the end of the year.  The dollar was also undercut after the Fed cut its 2024 US GDP forecast and cut its 2024 core PCE price forecast, dovish factors for Fed policy.  The dollar recovered from its worst levels after Fed Chair Powell said the Fed is in no rush to ease monetary policy.  

The FOMC voted 11-1 to cut the fed funds target range by 50 bp to 4.75%-5.00% and said the committee is "strongly committed to supporting maximum employment" and returning inflation to its 2% goal.

The FOMC cut its 2024 US GDP forecast to 2.0% from 2.1% in June and cut its 2024 core PCE estimate to 2.6% from 2.8% in June.  The FOMC also raised its 2024 unemployment forecast to 4.4% from 4.0% in June.

The FOMC cut its fed funds forecast for the end of 2024 to 4.375% from 5.125% i... Read more

Price Performance

See More
Period Period Low Period High Performance
1-Month
0.6936 +0.04%
on 08/23/22
0.7046 -1.52%
on 08/11/22
-0.0104 (-1.48%)
since 08/05/22
3-Month
0.6751 +2.78%
on 07/15/22
0.7738 -10.33%
on 06/17/22
-0.0561 (-7.48%)
since 06/06/22
52-Week
0.4538 +52.91%
on 11/24/21
0.8535 -18.70%
on 03/24/22
+0.2239 (+47.64%)
since 09/03/21

Benchmark National Price Indexes

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 8% Sell with a Weakening short term outlook on maintaining the current direction.

The market is in highly oversold territory. Beware of a trend reversal.

See More Share

Key Turning Points

3rd Resistance Point 0.6939
2nd Resistance Point 0.6939
1st Resistance Point 0.6939
Last Price 0.6939
1st Support Level 0.6939
2nd Support Level 0.6939
3rd Support Level 0.6939

See More

52-Week High 0.8535
Fibonacci 61.8% 0.7008
Last Price 0.6939
Fibonacci 50% 0.6537
Fibonacci 38.2% 0.6065
52-Week Low 0.4538

See More

Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.
Use your up/down arrows to move through the symbols.

Free Barchart Webinar