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FX News and Commentary

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Thu, Feb 8th, 2024
Dollar Gains on Hawkish Fed and Higher T-note Yields

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...

DXY00 : 104.135 (-0.03%)
^EURUSD : 1.07770 (-0.01%)
^USDJPY : 149.298 (-0.02%)
GCJ24 : 2,049.5 (+0.08%)
SIH24 : 22.680 (+0.19%)
Higher Bond Yields Weigh on Stocks But Chip Stocks Provide Support

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...

$SPX : 4,997.91 (+0.06%)
SPY : 498.32 (+0.04%)
$DOWI : 38,726.33 (+0.13%)
DIA : 387.35 (+0.18%)
$IUXX : 17,783.17 (+0.16%)
QQQ : 432.79 (+0.19%)
PYPL : 56.13 (-11.24%)
EG : 354.56 (-7.65%)
FLT : 265.12 (-9.20%)
SPGI : 436.63 (-5.02%)
BWA : 31.48 (-6.95%)
AZN : 63.52 (-4.55%)
Rising Stock Prices Weigh on the Dollar

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...

DXY00 : 104.135 (-0.03%)
^EURUSD : 1.07770 (-0.01%)
^USDJPY : 149.298 (-0.02%)
GCJ24 : 2,049.5 (+0.08%)
SIH24 : 22.680 (+0.19%)
S&P 500 and Nasdaq 100 Climb to Record Highs on U.S. Economic Optimism

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...

$SPX : 4,997.91 (+0.06%)
SPY : 498.32 (+0.04%)
$DOWI : 38,726.33 (+0.13%)
DIA : 387.35 (+0.18%)
$IUXX : 17,783.17 (+0.16%)
QQQ : 432.79 (+0.19%)
EMR : 102.38 (-1.64%)
CMG : 2,620.48 (-1.74%)
PANW : 367.02 (+0.69%)
CRWD : 323.04 (+1.66%)
FTNT : 67.85 (-3.11%)
ZS : 249.41 (+1.94%)
Cable: A-B-C- Drop Is A Bullish Path

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

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...

DXY00 : 104.135 (-0.03%)
^EURUSD : 1.07770 (-0.01%)
^USDJPY : 149.298 (-0.02%)
GCJ24 : 2,049.5 (+0.08%)
SIH24 : 22.680 (+0.19%)
Stocks Waver on Lower Bond Yields and Mixed Corporate Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.36%. Stock...

$SPX : 4,997.91 (+0.06%)
SPY : 498.32 (+0.04%)
$DOWI : 38,726.33 (+0.13%)
DIA : 387.35 (+0.18%)
$IUXX : 17,783.17 (+0.16%)
QQQ : 432.79 (+0.19%)
GEHC : 82.06 (+0.28%)
DD : 67.10 (+0.93%)
WTW : 270.11 (-0.62%)
LIN : 414.00 (-0.68%)
UPS : 147.92 (+0.46%)
PLTR : 24.51 (+3.86%)
10Y US Notes is looking for a bigger recovery

10Y US Notes is looking for a bigger recovery from technical point of view and by Elliott wave theory.

Dollar Rallies as Fed Rate Cut Hopes Fade

The dollar index (DXY00 ) on Monday climbed to a 2-1/2 month high and finished up by +0.53%. Hawkish Fed comments Monday curbed expectations for Fed rate cuts and boosted the dollar. The dollar added...

DXY00 : 104.135 (-0.03%)
^EURUSD : 1.07770 (-0.01%)
^USDJPY : 149.298 (-0.02%)
GCJ24 : 2,049.5 (+0.08%)
SIH24 : 22.680 (+0.19%)
EURCAD Selling Perfectly From The Blue Box Area

In this technical blog, we are going to take a look at the past performance of (EURCAD) 1-Hour Elliott wave Charts that we presented to our members. In which, the decline from the 1/25/2024 peak took...

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Barchart
@Barchart
Josh Brown, CNBC Fast Money Trader and CEO at Ritholtz Wealth Management, sold 20% of his long-term Nvidia $NVDA position and believes it has gone up too much, too fast. https://t.co/7SeZPFsyMv
Barchart
@Barchart
ETFs w/ most active options trading: $SPY - 6.3M $QQQ - 2.9M $IWM - 1.3M $TLT - 327k $TQQQ - 189k $SMH - 175k $HYG - 172k $EEM - 158k $FXI - 154k $KRE - 144k $SOXL - 133k $SQQQ - 130k $ARKK - 108k $XLE - 108k $EFA - 101k $SLV - 87k $XBI - 81k $KWEB - 81k $EWZ - 80k $XLU - 72k
Barchart
@Barchart
Stocks w/ most active options trading: $TSLA - 2.0M $PLTR - 1.6M $NVDA - 1.2M $DIS - 826k $ARM - 775k $PYPL - 770k $AAPL - 767k $MARA - 740k $AMZN - 623k $META - 583k $AMD - 538k $TSM - 499k $SNAP - 475k $BABA - 423k $PINS - 309k $AFRM - 285k What options did you trade?
Barchart
@Barchart
$TLT forms a Golden Cross https://t.co/W2dtcdTYDQ
Barchart
@Barchart
S&P 500 continues higher but short-term market breadth is weakening. The last 3 times the % of $SPX stocks above their 50 Day Moving Average dropped meaningfully below 50%, the index sold off. Watch that level! 👀 https://t.co/9TdLfWpnLJ
Barchart
@Barchart
Barchart
@Barchart
Is the end near for Cocoa's parabolic run? https://t.co/16rdsOwwW8
Barchart
@Barchart
Extreme Greed returns to the Stock Market 🤑💰🥳🫡 https://t.co/pFrm1k6O5Y
Barchart
@Barchart
JUST IN 🚨: S&P 500 $SPX hits 5,000 for the first time in history https://t.co/uQTzgZ8j3c https://t.co/UMWcgsDVhB
Barchart
@Barchart
Walt Disney $DIS scores biggest daily gain since 2020! Welcome back Bob Iger 🫡 https://t.co/1IE4Yo1ozR

Chart of the Day

Uber Technologies Inc (UBER)

The Chart of the Day belongs to the ride share and food delivery company Uber Technologies (UBER) . 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...
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