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FX News and Commentary

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Thu, May 25th, 2023
Dollar Gains on Liquidity Demand as Stocks Slump

The dollar index (DXY00 ) on Wednesday rose by +0.35% and posted a 2-month high. Hawkish comments Wednesday from Fed Governor Waller were supportive of the dollar when he said he “does not support stopping...

DXY00 : 104.028 (+0.14%)
^EURUSD : 1.07286 (-0.20%)
^USDJPY : 139.486 (+0.01%)
GCM23 : 1,962.5 (-0.11%)
SIN23 : 23.240 (unch)
DeXe's Vision for a Decentralized Future of Social Trading

DeXe (Decentralized Social Trading) is a platform that combines elements of decentralized finance (DeFi) and social trading.

EOS: The Decentralized Operating System for DApps

EOS was created by Block.one in 2018. It is a blockchain-based decentralized operating system designed to support the development and execution of decentralized applications (DApps).

Ethereum 2.0: What to Expect

Ethereum 2.0 is a major upgrade to the Ethereum blockchain. It is designed to address scalability, security, and sustainability issues.

How Dash Is Making Payments More Accessible For People

Dash is a digital currency that aims to provide fast, private, and secure transactions. It was launched in 2014 as a fork of Bitcoin, which means it shares some similarities with Bitcoin but also introduces...

Stocks Fall with U.S. Debt Ceiling Talks at an Impasse

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.90%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.08%....

$SPX : 4,115.24 (-0.73%)
SPY : 411.09 (-0.72%)
$DOWI : 32,799.92 (-0.77%)
DIA : 328.01 (-0.79%)
$IUXX : 13,604.48 (-0.50%)
QQQ : 331.65 (-0.51%)
A : 120.99 (-5.95%)
ADI : 173.20 (-7.83%)
MCHP : 73.62 (-5.15%)
NXPI : 166.52 (-4.88%)
GFS : 55.51 (-3.49%)
NVDA : 305.38 (-0.49%)
Dollar Pushes Higher on Hawkish Fed Comments and Weak Stocks

The dollar index (DXY00 ) on Tuesday rose by +0.31% and posted a 2-month high. Hawkish comments Tuesday from Minneapolis Fed President Kashkari pushed the 10-year T-note yield up to a 2-1/4 month high...

DXY00 : 104.028 (+0.14%)
^EURUSD : 1.07286 (-0.20%)
^USDJPY : 139.486 (+0.01%)
GCM23 : 1,962.5 (-0.11%)
SIN23 : 23.240 (unch)
Stocks Lower on Debt Ceiling and Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.30%....

$SPX : 4,115.24 (-0.73%)
SPY : 411.09 (-0.72%)
$DOWI : 32,799.92 (-0.77%)
DIA : 328.01 (-0.79%)
$IUXX : 13,604.48 (-0.50%)
QQQ : 331.65 (-0.51%)
ZM : 62.63 (-4.60%)
PHM : 65.76 (+0.11%)
LEN : 107.90 (+0.75%)
TOL : 65.09 (+2.10%)
DHI : 106.44 (+0.52%)
AZO : 2,423.62 (-1.62%)
Dollar Little Changed as Debt Ceiling Talks Drag On

The dollar index (DXY00 ) on Monday was unchanged. The dollar on Monday recovered from overnight losses and was little changed. Short-covering in the dollar emerged Monday morning after St. Louis Fed...

DXY00 : 104.028 (+0.14%)
^EURUSD : 1.07286 (-0.20%)
^USDJPY : 139.486 (+0.01%)
GCM23 : 1,962.5 (-0.11%)
SIN23 : 23.240 (unch)
USDCHF Found Sellers After Elliott Wave Double Three Pattern

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of USDCHF forex pair published in members area of the website.  As our members know USDCHF...

^USDCHF : 0.90612 (+0.11%)

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Potential Triple Top for Gold? H/T: @Callum_Thomas https://t.co/06Cyi4QuSM
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Updated Nvidia $NVDA Trader's Cheat Sheet based on yesterday's closing price https://t.co/mnCQkWqY7c
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Treasury Bills maturing around the U.S. Treasury's "X" date are yielding more than 6% which is higher than some corporate bonds sold by junk-rated companies https://t.co/GzprhP5gHM
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Food inflation proving sticky in the UK as the average cost of an English Breakfast is up an average of 22% year-over-year. In fact, every single item that makes up Bloomberg's Breakfast Index has increased since April 2022. https://t.co/pPdQYJqp5R
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Expectations of a Federal Reserve June interest rate hike are increasing. Fed swaps are now pricing in a 40% chance of a 25bps hike in June. https://t.co/oAw2rwUUcC
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Did you miss today's webinar "Barchart's Indispensable Tools for Trading the Futures Markets?" No worries as it's now available on our YouTube Channel 👇 Link: https://t.co/ALIauEbvMG https://t.co/ALkessSiUD
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Fed Governor Christopher Waller believes additional interest rate hikes are coming and won't support a pause right now https://t.co/Ny5iinaycM
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The Treasury Yield Curve (10Y-3M) is a perfect 8/8 in forecasting recessions since 1968. Duke University Professor Campbell Harvey believed it was showing a false warning in January. He now believes it is real and only questions how deep the recession will be. https://t.co/rgWiTZ4aNj
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A U.S. credit rating downgrade is being considered by Fitch Ratings https://t.co/MxZOb10QKv
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7 Fear & Greed Indicators: * Market Momentum (Greed) * Stock Price Strength (Neutral) * Stock Price Breadth (Fear) * Put and Call Options (Extreme Greed) * Market Volatility (Neutral) * Safe Haven Demand (Greed) * Junk Bond Demand (Greed) https://t.co/qRmhZnyEa8 https://t.co/G0EZ5FBfky
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Here is how much money you need to be among the Top 1% in the World's 10 Richest Countries: https://t.co/BWuQwM3qZA
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ETFs w/ most active options trading: $SPY - 9.076M $QQQ - 3.153M $IWM - 1.022M $XLI - 387k $HYG - 382k $KRE - 308k $TQQQ - 253k $EEM - 243k $UVXY - 243k $SLV - 234k $XLF - 203k $SQQQ - 197k $EWZ - 192k $TLT - 142k $ARKK - 124k $EFA - 123k $SOXL - 116k $GLD - 101k $XHB - 76k
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Stocks w/ most active options trading: $TSLA - 2.178M $NVDA - 930k $AMZN - 837k $AAPL - 722k $NU - 422k $AMD - 396k $PLTR - 385k $BABA - 358k $NIO - 330k $NFLX - 315k $GOOGL - 295k $DIS - 285k $META - 283k $MSFT - 279k $PFE - 267k $ETRN - 226k What options did you trade?
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% of Large Cap Stocks Above Their Moving Averages https://t.co/qoXV3Chkvo
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Stock Market Fear & Greed Index = 61 (Greed) https://t.co/EuG3dB1zK3
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Dividends from the world's largest 1,200 publicly traded companies hit a record $326.7 billion during the 1st quarter, a 12% increase YOY https://t.co/iTXZT7eLkK
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Central Banks bought 1,079 tonnes of gold bullion in 2022, the most ever since record keeping began in 1950. https://t.co/9uPBBZPFL0 https://t.co/GlOwh0NP7Y
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Nvidia $NVDA continues to surge in after hours. If it continues, tomorrow could be the largest one-day gain in the company's history (and at a significantly higher market cap makes it even more impressive). Previous record was in 2016. https://t.co/CdJYIhlKSy https://t.co/tB3VzscwQ2
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Abercrombie & Fitch $ANF exploded higher by more than 30% today which is the stock's largest one day gain in more than a decade https://t.co/Zque19hj9c
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Orange Juice continues its surge with another all-time high 🟠 https://t.co/KICWVhp00j

Chart of the Day

Chase Corp (CCF)

The Chart of the Day belongs to the specialty chemicals company Chase (CCF) . 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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