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FX News and Commentary

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Thu, May 9th, 2024
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 : 105.563 (+0.02%)
^EURUSD : 1.07445 (-0.04%)
^USDJPY : 155.651 (+0.08%)
GCM24 : 2,324.5 (+0.09%)
SIN24 : 27.885 (+1.03%)
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 : 105.563 (+0.02%)
^EURUSD : 1.07445 (-0.04%)
^USDJPY : 155.651 (+0.08%)
GCM24 : 2,324.5 (+0.09%)
SIN24 : 27.885 (+1.03%)
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 : 105.563 (+0.02%)
^EURUSD : 1.07445 (-0.04%)
^USDJPY : 155.651 (+0.08%)
GCM24 : 2,324.5 (+0.09%)
SIN24 : 27.885 (+1.03%)
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 : 105.563 (+0.02%)
^EURUSD : 1.07445 (-0.04%)
^USDJPY : 155.651 (+0.08%)
GCM24 : 2,324.5 (+0.09%)
SIN24 : 27.885 (+1.03%)
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 : 0.86020 (+0.02%)
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 : 105.563 (+0.02%)
^EURUSD : 1.07445 (-0.04%)
^USDJPY : 155.651 (+0.08%)
GCM24 : 2,324.5 (+0.09%)
SIN24 : 27.885 (+1.03%)
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 : 105.563 (+0.02%)
^EURUSD : 1.07445 (-0.04%)
^USDJPY : 155.651 (+0.08%)
GCM24 : 2,324.5 (+0.09%)
SIN24 : 27.885 (+1.03%)
Elliott Wave Analysis on EURJPY Expects Support Soon

Short Term Elliott Wave View on (EURJPY) suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended...

^EURJPY : 167.240 (+0.03%)
Dollar Retreats as Weak US Reports Bolster Fed Rate Cut Hopes

The dollar index (DXY00 ) on Friday fell to a 3-week low and finished down by -0.25%. The dollar sank Friday as T-note yields retreated on the weaker-than-expected reports on US Apr nonfarm payrolls and...

DXY00 : 105.563 (+0.02%)
^EURUSD : 1.07445 (-0.04%)
^USDJPY : 155.651 (+0.08%)
GCM24 : 2,324.5 (+0.09%)
SIN24 : 27.885 (+1.03%)

Tweets @Barchart

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Bonds are Dead says Bond King Bill Gross https://t.co/T51RHlCoAR
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JUST IN 🚨: Japan's real wages have declined for the 24th consecutive month https://t.co/Qd0qfTNFIp https://t.co/x4NGplpxiP
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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
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Dow Jones Industrials scores its 6th consecutive green day, its longest winning streak since December https://t.co/DglqIqmJoR
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Former President Donald Trump says he will stop the hostility towards Bitcoin $BTC and cryptocurrency, and embrace it. https://t.co/I3ArFjbLPX
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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
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8 of the 10 biggest winning stocks in 2020 have lost value since the end of that year including Tesla $TSLA https://t.co/MtZicJLbCw
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Amazon $AMZN Founder Jeff Bezos on how he makes decisions https://t.co/s5GDUDvcBZ
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If you invested $10,000 in Intel $INTC at the peak of the Dot Com Bubble, you'd have $7,000 today. Not bad! https://t.co/zaHJau1HGM
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Only 43% of Mega Cap Tech Stocks are currently trading above their 50D moving average 👀 https://t.co/k1U11TRjYX

Chart of the Day

SPX Corp (SPXC)

Authors Note: SPXC was the Chart of the Day on February 20 when it closed at $110.37. Since that date it gained about 23%+ and today was at the top of my screening list again. The Chart of the Day belongs to the building products and equipment company SPX Technologies...
Read More

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