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FX News and Commentary

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Thu, May 9th, 2024
Our currency playbooks for the day session

We present our forex and currency futures playbooks

Stock Furtures Trade Higher While Traders Are Concnered About The BOE's Next Policy Move. Gold and Oil Prices Struggle For Direction

European markets and US futures are trading higher while investors wait for the two most important events to unfold, and one of them will very much shape trading activity for the rest of the month.

Dollar Gains on Hawkish Fed Comments and Higher Bond Yields

The dollar index (DXY00 ) on Wednesday rose by +0.13%. Higher T-note yields Wednesday supported modest gains in the dollar. Also, hawkish comments from Boston Fed President Collins were bullish for the...

DXY00 : 105.439 (-0.10%)
^EURUSD : 1.07580 (+0.09%)
^USDJPY : 155.666 (+0.09%)
GCM24 : 2,334.8 (+0.54%)
SIN24 : 28.160 (+2.03%)
Dollar Rises with Bond Yields

The dollar index (DXY00 ) this morning is up by +0.10% on support from higher T-note yields. Today’s stock weakness is also boosting some liquidity demand for the dollar. The dollar fell back from...

DXY00 : 105.439 (-0.10%)
^EURUSD : 1.07580 (+0.09%)
^USDJPY : 155.666 (+0.09%)
GCM24 : 2,334.8 (+0.54%)
SIN24 : 28.160 (+2.03%)
Dollar Climbs on Hawkish Fed Comments and a Weak Yen

The dollar index (DXY00 ) Tuesday rose by +0.31%. Hawkish comments Tuesday from Minneapolis Fed President Kashkari supported the dollar when he said it's likely the Fed will keep interest rates where...

DXY00 : 105.439 (-0.10%)
^EURUSD : 1.07580 (+0.09%)
^USDJPY : 155.666 (+0.09%)
GCM24 : 2,334.8 (+0.54%)
SIN24 : 28.160 (+2.03%)
Dollar Climbs on Hawkish Fed Comments

The dollar index (DXY00 ) this morning is up by +0.06%. Hawkish comments from Minneapolis Fed President Kashkari supported the dollar when he said he questions if Fed policy is restrictive enough given...

DXY00 : 105.439 (-0.10%)
^EURUSD : 1.07580 (+0.09%)
^USDJPY : 155.666 (+0.09%)
GCM24 : 2,334.8 (+0.54%)
SIN24 : 28.160 (+2.03%)
Five Things To Watch in Grain Markets in 2024

Find out what experts are watching for in the grain markets in the coming year with this article.

EURGBP Perfectly Reacting Lower From Blue Box Area

In this technical blog, we are going to take a look at the past performance of (EURGBP) 4-Hour Elliott wave Charts that we presented to our members. In which, the decline to 2/14/2024 low took place as...

^EURGBP : 0.86037 (+0.04%)
Dollar Recovers on Hawkish Fed Comments

The dollar index (DXY00 ) on Monday rose by +0.03%. The dollar on Monday recovered from early losses and posted modest gains after hawkish Fed comments sparked short covering in the dollar. New York Fed...

DXY00 : 105.439 (-0.10%)
^EURUSD : 1.07580 (+0.09%)
^USDJPY : 155.666 (+0.09%)
GCM24 : 2,334.8 (+0.54%)
SIN24 : 28.160 (+2.03%)
Dollar Under Pressure and Gold Climbs on Fed Rate Cut Optimism

The dollar index (DXY00 ) this morning is down by -0.06% but is holding above last Friday’s 3-week low. The dollar has some negative carryover from last Friday’s weaker-than-expected US payroll and...

DXY00 : 105.439 (-0.10%)
^EURUSD : 1.07580 (+0.09%)
^USDJPY : 155.666 (+0.09%)
GCM24 : 2,334.8 (+0.54%)
SIN24 : 28.160 (+2.03%)

Tweets @Barchart

Barchart
@Barchart
The Biden Administration has increased the price they are willing to pay to refill the Strategic Petroleum Reserve. They will now pay up to $79.99/barrel, a $1 increase! https://t.co/ApHa4YgpXK
Barchart
@Barchart
Options Traders are wagering that the Japanese Yen will weaken back to the 160 level against the U.S. Dollar https://t.co/qEplxhmUra
Barchart
@Barchart
BREAKING 🚨: Zambia Zambia's currency has plummeted to an all-time low against the U.S. Dollar https://t.co/e1pbVnOLVt https://t.co/5ssPMYMOC4
Barchart
@Barchart
The Federal Reserve last moved interest rates 280 days ago, the 2nd longest pause in modern market history. The good news is that the S&P 500 $SPX has generally generated significant returns during pauses including a gain of over 20% during the longest pause in history. https://t.co/3QeypvorvP
Barchart
@Barchart
Bonds are Dead says Bond King Bill Gross https://t.co/T51RHlCoAR
Barchart
@Barchart
JUST IN 🚨: Japan's real wages have declined for the 24th consecutive month https://t.co/Qd0qfTNFIp https://t.co/x4NGplpxiP
Barchart
@Barchart
Argentina is now circulating 10,000 peso notes for the first time in the country's history, worth the equivalent of 11 USD! 🚨 That's right, a 10,000 peso note will get you a ham sandwich. https://t.co/fvUQvNAgXM
Barchart
@Barchart
Dow Jones Industrials scores its 6th consecutive green day, its longest winning streak since December https://t.co/DglqIqmJoR
Barchart
@Barchart
Former President Donald Trump says he will stop the hostility towards Bitcoin $BTC and cryptocurrency, and embrace it. https://t.co/I3ArFjbLPX
Barchart
@Barchart
Speculators have increased their short positions on the British Pound to 29,000 contracts on the belief that the Bank of England will begin cutting rates this summer before the U.S. https://t.co/P1PXwTczZE

Chart of the Day

Jackson Financial Inc Cl A (JXN)

The Chart of the Day belongs to annuity company Jackson Financial (JXN) . 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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