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FX News and Commentary

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Fri, May 3rd, 2024
Grain Market Update: Will Corn, Wheat, and Soybean Prices Continue to Rally?

I spoke about the grain market with Michelle Rook today on AgWeb's Markets Now. We also discussed the U.S. dollar and crude oil.

ZCK24 : 450-0 (-0.44%)
ZWK24 : 586-4s (+0.86%)
ZSK24 : 1199-0 (+0.76%)
Stocks Climb as US Jobs Report Ramps Up Fed Rate Cut Expectations

The S&P 500 Index ($SPX ) (SPY ) this morning is +0.86%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.65%. US stock indexes this morning...

$SPX : 5,125.94 (+1.22%)
SPY : 511.49 (+1.28%)
$DOWI : 38,693.94 (+1.23%)
DIA : 387.03 (+1.26%)
$IUXX : 17,873.29 (+1.89%)
QQQ : 435.31 (+1.97%)
ZNM24 : 108-255 (+0.40%)
AAPL : 185.18 (+7.02%)
AMGN : 312.00 (+12.07%)
LYV : 95.55 (+8.25%)
DVA : 136.15 (-4.28%)
BKNG : 3,580.41 (+3.10%)
Dollar Falls on Weaker Than Expected US Economic Reports

The dollar index (DXY00 ) this morning is down by -0.28% and fell to a 3-week low. The dollar sank today as T-note yields retreated on the weaker-than-expected US Apr unemployment report and Apr ISM services...

DXY00 : 105.037 (-0.25%)
^EURUSD : 1.07666 (+0.38%)
^USDJPY : 152.860 (-0.49%)
GCM24 : 2,309.4 (-0.01%)
SIN24 : 26.700 (-0.48%)
Stocks Jump on Apple Earnings and Dovish Apr Payroll Report

The S&P 500 Index ($SPX ) (SPY ) this morning is +1.00%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.59%. US stock indexes this morning...

$SPX : 5,125.94 (+1.22%)
SPY : 511.49 (+1.28%)
$DOWI : 38,693.94 (+1.23%)
DIA : 387.03 (+1.26%)
$IUXX : 17,873.29 (+1.89%)
QQQ : 435.31 (+1.97%)
ZNM24 : 108-255 (+0.40%)
AAPL : 185.18 (+7.02%)
AMGN : 312.00 (+12.07%)
BKNG : 3,580.41 (+3.10%)
DLR : 147.80 (+5.46%)
SQ : 69.85 (-0.64%)
Dollar Falls with Bond Yields

The dollar index (DXY00 ) on Thursday fell to a 2-1/2 week low and finished down by -0.40%. The dollar was weighed down Thursday by a decline in T-note yields. Also, Thursday’s stock rally reduced...

DXY00 : 105.037 (-0.25%)
^EURUSD : 1.07666 (+0.38%)
^USDJPY : 152.860 (-0.49%)
GCM24 : 2,309.4 (-0.01%)
SIN24 : 26.700 (-0.48%)
The Japanese Yen continuation trade

We present our trade summary for today with theYen

Stocks Higher on Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) is up +0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.35%. US stock indexes are higher. Optimism...

$SPX : 5,125.94 (+1.22%)
SPY : 511.49 (+1.28%)
$DOWI : 38,693.94 (+1.23%)
DIA : 387.03 (+1.26%)
$IUXX : 17,873.29 (+1.89%)
QQQ : 435.31 (+1.97%)
ZNM24 : 108-255 (+0.40%)
CHRW : 80.94 (+0.01%)
HWM : 79.20 (+2.72%)
QCOM : 178.13 (-1.09%)
BWA : 36.63 (+2.81%)
MRNA : 122.61 (-2.37%)
Dollar Recovers and Gold Falls as T-Note Yields Climb

The dollar index (DXY00 ) this morning is up by +0.12%. The dollar recovered from early losses today and moved higher as T-note yields rose after today’s US economic reports showed weekly jobless claims...

DXY00 : 105.037 (-0.25%)
^EURUSD : 1.07666 (+0.38%)
^USDJPY : 152.860 (-0.49%)
GCM24 : 2,309.4 (-0.01%)
SIN24 : 26.700 (-0.48%)
Stocks Rebound Ahead of Apple’s Earnings

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. US stock indexes this morning...

$SPX : 5,125.94 (+1.22%)
SPY : 511.49 (+1.28%)
$DOWI : 38,693.94 (+1.23%)
DIA : 387.03 (+1.26%)
$IUXX : 17,873.29 (+1.89%)
QQQ : 435.31 (+1.97%)
ZNM24 : 108-255 (+0.40%)
CHRW : 80.94 (+0.01%)
HWM : 79.20 (+2.72%)
QCOM : 178.13 (-1.09%)
MGM : 40.88 (+0.02%)
MRNA : 122.61 (-2.37%)
Catching the wave

We detail the reasons behind our trade with Japanese Yen futures after yesterday's close

^USDJPY : 152.860 (-0.49%)

Tweets @Barchart

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Is Paypal $PYPL ever going to do something? https://t.co/ybgwfTBbqW
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Hershey $HSY back above its 200D moving average!!! https://t.co/wrrVCM9riY
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Today's 4 Stock Market Movers: $BKNG $EXPE $NET $IR https://t.co/KnPA9Qsdsf
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And there goes Butter surging to a new 6-month high 🤦‍♂️ https://t.co/Qwx2Xg1nV3
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and the correct answer is: Carvana $CVNA - congrats to everyone who got it
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BREAKING 🚨: Short Sellers (again) Carvana $CVNA short sellers have now sustained losses of $3.9 billion https://t.co/VQX2WCMCL0 https://t.co/2IGVRVUO1G
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Global Olive Oil prices near all-time highs 🚨 https://t.co/W9dOhYDcXM https://t.co/zDvyDtd1Vy
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2024 Interest Rate Cut Expectations by Wall Street - Citigroup sticking with 4 cuts eh? 🤔 https://t.co/aMG7mvsf3N
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Gold on track for its biggest 2-week drop since September/October https://t.co/9U2KOwAFTw
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Japanese Yen - The Comeback Story 🇯🇵 https://t.co/MbsReCXdDo

Chart of the Day

U S Lime & Mineral (USLM)

The Chart of the Day belongs to the basic material company US Lime & Minerals (USLM) . 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...
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