Latest News
Dollar Slides and Gold Jumps as Powell Downplays a Fed Rate Hike
Barchart - Wed May 1, 2:32PM CDT
Barchart
Wed May 1, 2:32PM CDT
The dollar index (DXY00 ) Wednesday retreated from a 2-week high and fell by -0.35%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news on Mar JOLTS job openings and the Apr ISM manufacturing index. Losses in the dollar accelerated...
Markets are Mixed After FOMC
Barchart - Wed May 1, 10:06AM CDT
Barchart
Wed May 1, 10:06AM CDT
The S&P 500 Index ($SPX ) (SPY ) is down -0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.23%. The market is mixed the FOMC was released this afternoon. Chairman Jerome Powell announce no...
Dollar Slightly Weaker as Bond Yields Dip Before the FOMC Meeting
Barchart - Wed May 1, 9:36AM CDT
Barchart
Wed May 1, 9:36AM CDT
The dollar index (DXY00 ) this morning fell back from a 2-week high and is down -0.05%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news on Mar JOLTS job openings and the Apr ISM manufacturing index. The dollar today...
Stocks Fluctuate After FOMC Decision
Barchart - Wed May 1, 8:59AM CDT
Barchart
Wed May 1, 8:59AM CDT
The S&P 500 Index ($SPX ) (SPY ) is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. The FOMC was released this afternoon . Chairman Jerome Powell announced no change in the...
Dollar Rallies Ahead of an Expected Hawkish FOMC Wednesday
Barchart - Tue Apr 30, 2:35PM CDT
Barchart
Tue Apr 30, 2:35PM CDT
The dollar index (DXY00 ) on Tuesday rose to a 1-week high and finished up by +0.60%. The dollar rallied Tuesday after T-note yields jumped when the US Q1 employment cost index rose more than expected, a sign of wage pressures and a hawkish factor for Fed policy. Falling stock...
Stocks Weaken as Rising US Wage Costs Curb Fed Rate Cut Expectations
Barchart - Tue Apr 30, 10:05AM CDT
Barchart
Tue Apr 30, 10:05AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.19%. US stock indexes this morning are moderately lower. Rising labor costs are pushing...
Dollar Climbs and Gold Falls as US Labor Costs Accelerate
Barchart - Tue Apr 30, 9:32AM CDT
Barchart
Tue Apr 30, 9:32AM CDT
The dollar index (DXY00 ) today is up by +0.28%. The dollar is moving higher today after T-note yields jumped when the US Q1 employment cost index rose more than expected, a sign of wage pressures and a hawkish factor for Fed policy. Falling stock prices today are also boosting...
Stocks Slip as Rising US Labor Costs May Keep the Fed Hawkish
Barchart - Tue Apr 30, 8:52AM CDT
Barchart
Tue Apr 30, 8:52AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.35%. US stock indexes this morning are moderately lower. Rising labor costs are pushing...
Eurozone's CPI Numbers Show Optimism But Investors Should Be Cautious
Zaye Capital Markets - Tue Apr 30, 7:32AM CDT
Zaye Capital Markets
Tue Apr 30, 7:32AM CDT
Inflation is on the minds` of many traders and investors, and every print of the inflation reading is closely watched by them. Today, we had another inflation reading from the Eurozone, which has made many investors and traders a lot more comfortable with their current view as they continue to think that the bets that they have placed are in the right direction.
Could it be Time for a EUR/USD Resurgence as Consumer Confidence Seeps Back Into European Economies?
Solvid - Tue Apr 30, 4:06AM CDT
Solvid
Tue Apr 30, 4:06AM CDT
Inflation data continues to show its influence throughout the world of forex as EUR/USD holds its breath on consumer spending figures.
Dollar Eases on Weaker T-Note Yields and a Stronger Yen
Barchart - Mon Apr 29, 2:30PM CDT
Barchart
Mon Apr 29, 2:30PM CDT
The dollar index (DXY00 ) on Monday fell by -0.29%. The dollar on Monday posted moderate losses, weighed down by lower T-note yields. Also, Monday’s stock rally reduced liquidity demand for the dollar. In addition, strength in the yen undercut the dollar on reports that Japanese authorities intervened in the...
EURJPY Elliott Wave Analysis: How to Ride the Bullish Wave
Elliott Wave Forecast - Mon Apr 29, 12:21PM CDT
Elliott Wave Forecast
Mon Apr 29, 12:21PM CDT
Hello traders. Welcome to this technical blog post where we will delve into the (EURJPY) currency pair. By the end of this post, you should have a clearer understanding of the path EURJPY Elliott wave analysis is following and how you can participate in the upcoming significant movement on this pair.
Strong Q1 Earnings and Lower Bond Yields Boost Stocks
Barchart - Mon Apr 29, 10:10AM CDT
Barchart
Mon Apr 29, 10:10AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. US stock indexes this morning are moderately higher, with the S&P 500 and...
Dollar Slips on Lower Bond Yields and Stronger Stocks
Barchart - Mon Apr 29, 9:26AM CDT
Barchart
Mon Apr 29, 9:26AM CDT
The dollar index (DXY00 ) this morning is down by -0.14%. The dollar today is posting moderate losses, weighed down by lower T-note yields. Also, today’s stock rally has reduced liquidity demand for the dollar. In addition, strength in the yen is undercutting the dollar on reports that Japanese authorities...
Stocks Climb on Q1 Earnings Optimism
Barchart - Mon Apr 29, 8:57AM CDT
Barchart
Mon Apr 29, 8:57AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.21%. US stock indexes this morning are moderately higher, with the S&P 500 and...
Dollar Gains on Persistent US Price Pressures and Yen Weakness
Barchart - Fri Apr 26, 2:36PM CDT
Barchart
Fri Apr 26, 2:36PM CDT
The dollar index (DXY00 ) on Friday rose by +0.37%. The dollar on Friday recovered from a 2-week low and rose moderately. The dollar strengthened Friday as stronger-than-expected US economic reports on Mar personal spending and Mar core PCE deflator were hawkish for Fed policy and may further delay rate...
Europe’s Blossoming Admiration for Crypto
CME Group - Fri Apr 26, 11:32AM CDT
CME Group
Fri Apr 26, 11:32AM CDT
Europe is the second-largest cryptocurrency economy in the world, accounting for 17.6% of global transaction volume. The launch of Micro euro-denominated Bitcoin and Ether futures contracts aim to accelerate the institutionalization of the European crypto market.
Stocks Climb on Impressive Tech Earnings and Strength in AI Chip Makers
Barchart - Fri Apr 26, 10:00AM CDT
Barchart
Fri Apr 26, 10:00AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.55%. US stock indexes this morning are moderately higher, with the S&P 500 climbing...
Dollar Climbs as Strong US Economic News May Delay Rate Cuts
Barchart - Fri Apr 26, 9:26AM CDT
Barchart
Fri Apr 26, 9:26AM CDT
The dollar index (DXY00 ) this morning is up by +0.23%. The dollar today recovered from a 2-week low and is moderately higher. The dollar strengthened today as stronger-than-expected US economic reports on Mar personal spending and Mar core PCE deflator were hawkish for Fed policy and may further delay...
Stocks Rally on Blockbuster Earnings from Alphabet and Microsoft
Barchart - Fri Apr 26, 8:49AM CDT
Barchart
Fri Apr 26, 8:49AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.05%. US stock indexes this morning are moderately higher as blockbuster earnings results from...
Elliott Waves On AUDUSD: Short-term Dirrection Is Pointing Higher
Wavetraders - Fri Apr 26, 2:49AM CDT
Wavetraders
Fri Apr 26, 2:49AM CDT
The Aussie (AUDUSD) is currently in an uptrend this week, making five waves up from the 0.6363 low, establishing this as our invalidation level. As long as this level is not breached, we expect further upside for AUDUSD.
Dollar Gives Up Early Gains on Stagflation Concerns
Barchart - Thu Apr 25, 2:45PM CDT
Barchart
Thu Apr 25, 2:45PM CDT
The dollar index (DXY00 ) Thursday fell to a 1-1/2 week low and finished down by -0.28%. Stagflation concerns weighed on the dollar Thursday after revised US Q1 GDP showed slower-than-expected economic growth, along with persistent price pressures. The dollar initially moved higher Thursday after bond yields jumped when Thursday’s...
Dollar Moves Higher as T-Note Yields Jump and Stocks Falter
Barchart - Thu Apr 25, 9:37AM CDT
Barchart
Thu Apr 25, 9:37AM CDT
The dollar index (DXY00 ) today rebounded from a 1-1/2 week low and is slightly higher. The dollar saw support today after bond yields jumped when today’s US economic news showed signs of persistent inflation and labor market strength, hawkish factors for Fed policy. Also, today’s slump in stocks has...
Elliott Wave Intraday Analysis on GBPUSD Shows 5 Waves Bullish Impulse
Elliott Wave Forecast - Thu Apr 25, 9:09AM CDT
Elliott Wave Forecast
Thu Apr 25, 9:09AM CDT
Elliott Wave view on (GBPUSD) suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded flat Elliott Wave structure. Down from wave (1), wave A ended at 1.2519 and wave B ended at 1.2894
What's Left in the US Dollar Seasonal Rally?
Barchart - Wed Apr 24, 2:47PM CDT
Barchart
Wed Apr 24, 2:47PM CDT
Despite no signs of deceleration in US growth and geopolitical risk, the US Dollar has rallied 6% off its year-to-date seasonal low. While the European Central Bank (ECB) is considering rate cuts in June, Great Britain is in a recession, and the US continues to have a sticky inflation rate, dollar bulls remain vigilant, resulting in a sentiment shift from the beginning of the year. But what's left in this dollar rally?