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FX News and Commentary

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Tue, Jul 9th, 2024
Dollar Rebounds Ahead of Fed Chair Powell’s Testimony on Tuesday

The dollar index (DXY00 ) Monday recovered from a 3-week low and finished up by +0.12%. Short covering in the dollar Monday propelled prices higher ahead of Fed Chair Powell’s semiannual testimony to...

DXY00 : 105.042 (+0.04%)
^EURUSD : 1.08224 (-0.01%)
^USDJPY : 161.035 (+0.12%)
GCQ24 : 2,371.6 (+0.34%)
SIU24 : 31.355 (+1.43%)
Digital Assets: Insights and Market Trends H1 2024

Digital Assets: Insights and Market Trends H1 2024

Dollar Weakens as French Election Results Boost the Euro

The dollar index (DXY00 ) today is down by -0.05% and posted a new 3-week low. Strength in the euro today is weighing on the dollar as political tensions in France eased after Sunday’s elections showed...

DXY00 : 105.042 (+0.04%)
^EURUSD : 1.08224 (-0.01%)
^USDJPY : 161.035 (+0.12%)
GCQ24 : 2,371.6 (+0.34%)
SIU24 : 31.355 (+1.43%)
Elliott Wave Live: Can Dollar Weakness Resume, and Cryptos Bounce Back?

The US dollar has seen a significant turn to the downside last week followed by a lower US yields, which can be supportive for Bitcoin and other cryptocurrencies.

Dollar Ends Lower as US Jobs Report Boosts Fed Rate Cut Chances

The dollar index (DXY00 ) Friday fell by -0.24% and posted a 3-week low. The dollar retreated Friday after the US Jun payroll report bolstered expectations for the Fed to cut interest rates this year....

DXY00 : 105.042 (+0.04%)
^GBPUSD : 1.28075 (+0.01%)
^EURUSD : 1.08224 (-0.01%)
^USDJPY : 161.035 (+0.12%)
GCQ24 : 2,371.6 (+0.34%)
SIU24 : 31.355 (+1.43%)
Elliott Wave Expects EURUSD to Turn Higher

Short Term Elliott Wave in (EURUSD) suggests cycle from 4.16.2024 low is in progress as a 5 waves impulse. Up from 4.16.2024 low, wave 1 ended at 1.0916. Pullback in wave 2 ended at 1.0664 as the 1 hour...

^EURUSD : 1.08224 (-0.01%)
Stocks Supported as US Jobs Report Bolsters Rate Cut Speculation

The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.61%. Stock indexes today are mostly...

$SPX : 5,572.85 (+0.10%)
SPY : 555.28 (+0.12%)
$DOWI : 39,344.79 (-0.08%)
DIA : 393.46 (-0.06%)
$IUXX : 20,439.54 (+0.23%)
QQQ : 497.34 (+0.24%)
^BTCUSD : 57,620.90 (+2.30%)
ZNU24 : 110-160 (-0.08%)
ARM : 184.70 (+1.94%)
AMD : 178.69 (+3.95%)
GFS : 53.49 (+0.66%)
ON : 75.01 (+2.22%)
Dollar Falls as US Payroll Report Bolsters the Odds for Fed Rate Cuts

The dollar index (DXY00 ) today is down by -0.03% at a 3-week low. The dollar retreated today after the US Jun payroll report bolstered expectations for the Fed to cut interest rates this year. Also,...

DXY00 : 105.042 (+0.04%)
^GBPUSD : 1.28075 (+0.01%)
^EURUSD : 1.08224 (-0.01%)
^USDJPY : 161.035 (+0.12%)
GCQ24 : 2,371.6 (+0.34%)
SIU24 : 31.355 (+1.43%)
Stocks Rally as US June Payroll Report Boosts Rate Cut Chances

The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.30%. Stock indexes today are mostly...

$SPX : 5,572.85 (+0.10%)
SPY : 555.28 (+0.12%)
$DOWI : 39,344.79 (-0.08%)
DIA : 393.46 (-0.06%)
$IUXX : 20,439.54 (+0.23%)
QQQ : 497.34 (+0.24%)
^BTCUSD : 57,620.90 (+2.30%)
ZNU24 : 110-160 (-0.08%)
ARM : 184.70 (+1.94%)
AMD : 178.69 (+3.95%)
ON : 75.01 (+2.22%)
QCOM : 207.89 (+1.04%)
Dollar Slides as Weak US Economic News Bolsters Rate Cut Hopes

The dollar index (DXY00 ) Wednesday fell by -0.33% and posted a 3-week low. The dollar came under pressure Wednesday on weaker-than-expected US labor market news that showed a smaller-than-expected increase...

DXY00 : 105.042 (+0.04%)
^EURUSD : 1.08224 (-0.01%)
^USDJPY : 161.035 (+0.12%)
GCQ24 : 2,371.6 (+0.34%)
SIU24 : 31.355 (+1.43%)

Tweets @Barchart

Barchart
@Barchart
JUST IN 🚨: Warren Buffett Indicator hits 195%, the highest level in history, surpassing the Dot Com bubble, the Global Financial Crisis, and the 2022 Bear Market https://t.co/omwhsKUtBo https://t.co/SAE5MbHTlY
Barchart
@Barchart
This isn't going very well for McDonald's $MCD https://t.co/0r4ykUXXXx
Barchart
@Barchart
Investors are having difficulty withdrawing money from commercial real estate funds after funds put up gates and queues https://t.co/nlydwvY48k
Barchart
@Barchart
Stock Market Correction beginning on July 17? 🚨 Goldman Sachs warns that everyone, including itself, is too bullish on the stock market, which could mean a correction is coming. July 17 has historically marked a local top heading into a weaker August! https://t.co/dRUBl0A0c9 https://t.co/Qht7yc1hjy
Barchart
@Barchart
5 largest stocks in the S&P 500 now account for 29% of the $SPX, the highest level of concentration in AT LEAST 60 years. Probably Fine https://t.co/CO7lkCnYQV https://t.co/AassVe2ZHh
Barchart
@Barchart
Mike Wilson is back! The man who has predicted 20 of the last 0 stock market sell-offs warns that a 10% correction is highly likely. https://t.co/eRic3POH4d
Barchart
@Barchart
Bullish 😂 https://t.co/twSTB0KYGq
Barchart
@Barchart
Market now says there is a 74% chance of an interest rate cut at the September Fed Meeting. One important thing to also keep in mind is that September is the last Fed meeting before the Election. https://t.co/FQgs83XMhs
Barchart
@Barchart
Intel $INTC has provided proof of life https://t.co/1P8rCuhDG4

Chart of the Day

Arista Networks Inc (ANET)

The Chart of the Day belongs to the technology company Arista Networks (ANET) . 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...
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