Forex Market Overview
Thu, Feb 8th, 2024
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Dollar Gains on Hawkish Fed and Higher T-note Yields
Barchart - Thu Feb 8, 2:43PM CST
The dollar index (DXY00 ) on Thursday rose by +0.09%, supported by higher T-note yields. Also, hawkish comments from Richmond Fed President Barkin Strength boosted the dollar when he said the Fed is in...
Higher Bond Yields Weigh on Stocks But Chip Stocks Provide Support
Barchart - Thu Feb 8, 10:16AM CST
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.13%. Stock...
Rising Stock Prices Weigh on the Dollar
Barchart - Wed Feb 7, 2:35PM CST
The dollar index (DXY00 ) on Wednesday fell by -0.15%. The dollar on Wednesday posted modest losses. Strength in stocks Wednesday curbed liquidity demand for the dollar. Also, Wednesday’s reports that...
S&P 500 and Nasdaq 100 Climb to Record Highs on U.S. Economic Optimism
Barchart - Wed Feb 7, 10:06AM CST
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.69%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.03%. Stock...
Cable: A-B-C- Drop Is A Bullish Path
Wavetraders - Wed Feb 7, 2:12AM CST
Cable has seen some nice recovery at the end of 2023; move that is looking impulsive so more gains can be seen after the corrective retracement.
Dollar Slides With T-Note Yields
Barchart - Tue Feb 6, 2:34PM CST
The dollar index (DXY00 ) on Tuesday fell by -0.26%. A decline in T-note yields on Tuesday weighed on the dollar. Recent hawkish Fed comments and strong U.S. economic news have pushed back the chances...
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