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Forex Market Overview

Wed, May 8th, 2024
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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 : 105.515 (+0.10%)
^EURUSD : 1.07523 (-0.02%)
^USDJPY : 155.606 (+0.59%)
GCM24 : 2,319.4 (-0.21%)
SIN24 : 27.485 (-0.21%)
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 : 105.515 (+0.10%)
^EURUSD : 1.07523 (-0.02%)
^USDJPY : 155.606 (+0.59%)
GCM24 : 2,319.4 (-0.21%)
SIN24 : 27.485 (-0.21%)
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 : 0.86147 (+0.20%)
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 : 105.515 (+0.10%)
^EURUSD : 1.07523 (-0.02%)
^USDJPY : 155.606 (+0.59%)
GCM24 : 2,319.4 (-0.21%)
SIN24 : 27.485 (-0.21%)
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 : 105.515 (+0.10%)
^EURUSD : 1.07523 (-0.02%)
^USDJPY : 155.606 (+0.59%)
GCM24 : 2,319.4 (-0.21%)
SIN24 : 27.485 (-0.21%)

Forex Market Map

USD/JPY
+0.61%
EUR/GBP
+0.20%
USD/CAD
+0.09%
USD/CHF
-0.04%
EUR/USD
-0.06%
GBP/USD
-0.25%
AUD/USD
-0.50%

Forex Trading Signals

strong buy
strong sell
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Tweets @Barchart

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Japanese Yen continues to fall against the U.S. Dollar - will another intervention be needed soon? https://t.co/rciPJwX0XD
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@Barchart
One out of every 24 New York City residents is a Millionaire 🚨 https://t.co/WSZB01khmx
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Housing Rental prices in the U.S. climbed 1.5x faster than wages over the last 4 years 👀 https://t.co/01C3QW7wUb
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@Barchart
Buying options to protect against a stock market collapse fell to the cheapest level in 9 years. The CBOE VIX of VIX $VVIX, an index tracking the implied volatility of VIX options, fell to its lowest level since May 2015 on Monday! https://t.co/hI8Ayul55u
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@Barchart
U.S. Stock Buybacks will jump to an all-time high of $1.1 Trillion next year according to Goldman Sachs projections https://t.co/O3TIsEG2OS
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Pandemic-era excess savings have run out - oops! https://t.co/DEq4PSxuIt
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Interest Rates will stay high for an extended period and rate hikes are not off the table cautions Minneapolis Fed President Neel Kashkari https://t.co/wCpQEYXx19
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@Barchart
Commodities are the most correlated with stocks since AT LEAST 1980 🚨 https://t.co/Ajj1udM0aM

Forex Long Term Trends

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