Category Archive: 4) FX Trends

Main Author Marc Chandler
Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
My articlesMy offerMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaAmazon
Filter archive by: Show All Show only Articles Show only Videos

Week Ahead: BOE and RBA to Standpat, Political Anxiety Runs High, Giving the Dollar a Lift

2024-06-15

by

2024-06-15

Under other circumstances, the softer than expected US inflation readings and the subsequent sharp drop in US interest rates would have weighed on the US dollar. Instead, the greenback managed to do well, especially against the euro, sterling, and Japanese yen. The 0.6% rise in the Dollar Index was the biggest gain in two months. The Fed's hawkish hold, with the median dot shifting to one cut this year from three in March (and last December) means...

Read More »

Apple’s stock is up strongly, but what would tilt the technical bias back lower?

2024-06-14

by

Apple moved sharply higher this week and in doing so broke out of a range that had confined the pair since April 2023. What now? More specifically, what level- if broken - would shift the bias technicall back to the downside. I will outline those risks in the below video

Read More »

An updated technical look at USDJPY heading into to the weekend and the new trading week

2024-06-14

by

What levels are in play in the USDJPY and why as the week comes to a close and the new week looms ahead

Read More »

The buyers and sellers each had their shot at breaking this week. Both shot and missed.

2024-06-14

by

What next for the AUDUSD traders as we head into the new trading week?

Read More »

The USDCHF is lower keeping the seller in control. The 200D MA is a key downside target.

2024-06-14

by

The bias is lower in the USDCHF, but there is the 200 day MA at 0.88968 needed to get below to give the sellers more control technically.

Read More »

USDCAD buyers push off the 100 hour MA today and extends toward swing are resistance

2024-06-14

by

The USDCAD broken above and then retested the 100 hour MA at 1.3747. That is key. Buyers in control.

Read More »

Kickstart the FX trading day for June 14 w/a technical look at the EURUSD, USDJPY &GBPUSD.

2024-06-14

by

What are the key levels to eye as the trading week comes to an end in the 3 major currency pairs?

Read More »

Self-Inflicted Wounds in Europe and Japan Help the Greenback Shrug Off the Drag of Lower Rates

2024-06-14

by

2024-06-14

Overview: The dollar is bid. What makes its performance standout is that it is taking place as US rates have fallen. The US 10-year yield is near 4.20%, the lowest in more than two months. The two-year yield is near 4.67%. It has fallen every session this week for a cumulative decline of more than 20 bp. It is not so much that constructive developments took week, but that Europe and Japan are suffering from self-inflicted injury. Macron's call for...

Read More »

USDJPY Technical Analysis

2024-06-14

by

#usdjpy #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:20 Technical Analysis with Optimal Entries. 3:09 Upcoming Economic Data....

Read More »

Why the Canadian dollar is in for a rough ride

2024-06-13

by

It’s clear from Bank of Canada Governor Tiff Macklem’s latest speech that he wants to ease rates further but he’s still reluctant to signal it. That’s left us with the clunky line: “With further and more sustained evidence that underlying inflation is easing, monetary policy no longer needs to be as restrictive as it has been.” That’s an exact repeat of the line in the press conference last week where he also added that it was reasonable to...

Read More »

NZDUSD corrects lower but into MA support. Will the buyers stall the corrections fall?

2024-06-13

by

The 200-hour MA at 0.6162 and the high of a swing area are stalling the fall near 0.61625

Read More »

Sellers in the GBPUSD test two moving average levels . Key for both buyer and sellers.

2024-06-13

by

The 100 hour MA and the 100 bar MA on the 4-hour chart are being tested

Read More »

USDCHF trades up and down today & above and below MAs. Sellers are making the latest play

2024-06-13

by

The 100 day MA at 0.89498 is now close risk for traders

Read More »

USDCAD remains in the up and down range with a bullish bias

2024-06-13

by

Find out the technicals (and fundamentals) that are driving the USDCAD

Read More »

Kickstart the FX day for June 13 with a technical look at the EURUSD, USDJPY and GBPUSD

2024-06-13

by

The fundamental economic news has been on the dovish/soft side. The Fed was more hawkish (relatively).That has the major pairs in a quandary.

Read More »

Dollar Comes Back Bid

2024-06-13

by

2024-06-13

Overview: The dollar fell alongside US rates yesterday after the softer than expected CPI. The move on both rates and the dollar were pared after the FOMC meeting which held rates steady as widely expected, but the median dot now anticipated one cut this year rather than three. The dollar has recovered more ground today and is trading with a slightly firmer bias G10 currencies. However, trading is quiet and mostly narrow ranges have dominated....

Read More »

Gold Technical Analysis – The price whipsaws on US CPI and FOMC

2024-06-13

by

#gold #xauusd #technicalanalysis In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 0:33 Technical Analysis with Optimal Entries. 2:01 Upcoming Economic Data....

Read More »

AUDUSD runs higher and toward 2024 high and the 50% of the range since the 2023 high

2024-06-12

by

The 50% and May high comes in at 0.67134. Key target on the topside for buyers and sellers

Read More »

EURUSD moves to a new high and extends to the next swing area. What next technically?

2024-06-12

by

A swing area between 1.08538 and 1.08617 looms above. There may be some profit-taking against the area on the first look

Read More »

USDCAD falls on CPI data, but runs into technical support at the 100/200 bar MAs on 4-hour

2024-06-12

by

The 100 and 200 bar MAs on the 4-hour chart are being tested at session lows. Key barometer in the short term for buyers and sellers in the USDCAD today and going forward.

Read More »