Forex Market Overview
Fri, Jun 23rd, 2023
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Dollar Sees Support as Euro Falls on Weak Eurozone PMI Reports
Barchart - Fri Jun 23, 3:08PM CDT
The dollar index (DXY00 ) on Friday rose by +0.50% due to increased liquidity demand sparked by the weak U.S. stock market. In addition, EUR/USD (^EURUSD ) fell by -0.65% as the Eurozone PMI reports were...
Stocks Fall on Economic Gloom Driven by Weak PMI Reports
Barchart - Fri Jun 23, 10:02AM CDT
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.11%....
Dollar Sees Support as T-note Yields Rise on Hawkish Fed
Barchart - Thu Jun 22, 3:27PM CDT
The dollar index (DXY00 ) on Thursday rose by +0.33% due to hawkish global central banks and a +7.4 bp rise in the 10-year T-note yield to 3.793%. The dollar also saw support from U.S. economic reports...
Stocks Move Higher Despite Central Bank Rate Hikes
Barchart - Thu Jun 22, 9:53AM CDT
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.65%. U.S. stocks...
GBPCAD Reacting Perfectly From Equal Legs Area
Elliott Wave Forecast - Wed Jun 21, 4:03PM CDT
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of GBPCAD. In which, the decline from 03 May 2023 high ended 5 waves in a leading diagonal sequence and made...
Dollar Falls Despite Powell’s Hawkish Bias
Barchart - Wed Jun 21, 3:07PM CDT
The dollar index (DXY00 ) on Wednesday fell -0.46% on bearish technical sentiment, with the dollar index knocking on the door of last week’s 5-week low. The forex market remains focused on monetary...
