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FX News and Commentary

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Tue, Jul 2nd, 2024
Dollar Dips on Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) Tuesday fell by -0.17%. The dollar on Tuesday moved lower, pressured by a decline in T-note yields. The dollar extended its losses Tuesday based on dovish comments from Fed Chair...

DXY00 : 105.713 (-0.01%)
^EURUSD : 1.07448 (-0.01%)
^USDJPY : 161.630 (+0.12%)
GCQ24 : 2,338.0 (+0.20%)
SIU24 : 29.865 (+0.70%)
Stocks Mixed on Dovish Powell and Strong US Labor News

The S&P 500 Index ($SPX ) (SPY ) today is down -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.13%. Stock indexes today are mixed....

$SPX : 5,509.01 (+0.62%)
SPY : 549.01 (+0.67%)
$DOWI : 39,331.85 (+0.41%)
DIA : 393.29 (+0.47%)
$IUXX : 20,011.89 (+1.01%)
QQQ : 486.98 (+1.05%)
ZNU24 : 109-150 (unch)
TSLA : 231.26 (+10.20%)
PARA : 10.72 (+5.72%)
TYL : 509.00 (+1.90%)
PYPL : 58.97 (+2.01%)
VLO : 157.96 (-0.01%)
Dollar Slightly Lower as T-Note Yields Decline

The dollar index (DXY00 ) today is down by -0.05%. The dollar today is slightly lower, pressured by a decline in T-note yields. The dollar extended its losses after Fed Chair Powell said prices now show...

DXY00 : 105.713 (-0.01%)
^EURUSD : 1.07448 (-0.01%)
^USDJPY : 161.630 (+0.12%)
GCQ24 : 2,338.0 (+0.20%)
SIU24 : 29.865 (+0.70%)
Stocks Slip on Carryover Weakness in European Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.07%. Stock indexes today are mixed....

$SPX : 5,509.01 (+0.62%)
SPY : 549.01 (+0.67%)
$DOWI : 39,331.85 (+0.41%)
DIA : 393.29 (+0.47%)
$IUXX : 20,011.89 (+1.01%)
QQQ : 486.98 (+1.05%)
ZNU24 : 109-150 (unch)
LLY : 906.71 (-0.84%)
CRWD : 385.05 (-1.81%)
LEN : 143.61 (-1.59%)
DHI : 135.21 (-1.32%)
TOL : 111.21 (-1.00%)
Stock Futures Trade Flat, Powell and Lagarde in Focus Gold Traders Pay Attention To US JOLTS Data

European and US futures are trading mostly lower as traders are a little hesitant ahead of a number of economic events that will unfold, and they are also picking up momentum from Asia. The ongoing weakness...

Aussie Shows Bullish Pattern Within Uptrend

The latest RBA meeting minutes showed that more members favored maintaining the current interest rates rather than hiking them further.

Dollar Recovers Early Losses on Higher T-Note Yields

The dollar index (DXY00 ) on Monday rose by +0.01%. The dollar recovered from early losses and posted modest gains Monday after a jump in the 10-year T-note yield sparked short covering in the dollar....

DXY00 : 105.713 (-0.01%)
^EURUSD : 1.07448 (-0.01%)
^USDJPY : 161.630 (+0.12%)
GCQ24 : 2,338.0 (+0.20%)
SIU24 : 29.865 (+0.70%)
Stocks Waver on Higher Bond Yields and Weak US Economic News

The S&P 500 Index ($SPX ) (SPY ) today is down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.06%. Stock indexes today are mixed....

$SPX : 5,509.01 (+0.62%)
SPY : 549.01 (+0.67%)
$DOWI : 39,331.85 (+0.41%)
DIA : 393.29 (+0.47%)
$IUXX : 20,011.89 (+1.01%)
QQQ : 486.98 (+1.05%)
ZNU24 : 109-150 (unch)
NCLH : 17.61 (-0.40%)
CCL : 17.56 (-0.85%)
RCL : 156.61 (+0.09%)
AMD : 164.31 (+4.20%)
ARM : 163.46 (+2.92%)
Bitcoin Is Still In A Corrective Phase

Bitcoin Is Still In A Corrective Phase from technical point of view and from Elliott wave perspective.

Weak US Economic News and Euro Strength Weighs on the Dollar

The dollar index (DXY00 ) today is down by -0.25%. The dollar today is moderately lower due to the strength of the euro. Losses in the dollar accelerated after the US Jun ISM manufacturing index and...

DXY00 : 105.713 (-0.01%)
^EURUSD : 1.07448 (-0.01%)
^USDJPY : 161.630 (+0.12%)
GCQ24 : 2,338.0 (+0.20%)
SIU24 : 29.865 (+0.70%)

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An ALL-TIME low number of stocks are outperforming the S&P 500 🚨 https://t.co/uz5sMa8vxY
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Kraft Heinz $KHC formed a Death Cross for the first time since June 2023. The last one sent shares lower by almost 14% over the next 4 months. https://t.co/UG949zEWNY
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JUST IN 🚨: Secured Overnight Financing Rate jumps to 5.4%, the highest level in history https://t.co/ILywzTA181 https://t.co/M7i8gcvpTG
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Nvidia Insider Trading Alert 🚨 CEO Jensen Huang just sold $29.7 million worth of $NVDA shares, bringing his total to $184 million over the past three weeks. https://t.co/uPz8hIMHcx https://t.co/0tB1yR02dd
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The Buffett Indicator (total value of all publicly-traded stocks/GDP) is approaching an all-time high and significantly higher than during the Dot Com Bubble and the Global Financial Crisis https://t.co/6f4BNTbaNP
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80% of global central banks are expected to cut rates by the end of the year. Will the Federal Reserve be one of them? 🤔 https://t.co/WN4CRdOPFS
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S&P 500 $SPX closes above 5,500 for the first time in history https://t.co/ANFcXPHyuz
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Tesla $TSLA 2.5 year downtrend being tested https://t.co/O1x9PPbUOy

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Amazon.com Inc (AMZN)

The Chart of the Day belongs to the e-commerce company Amazon.com (AMZN) . 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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