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.
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Is the Dramatic Yen Short Squeeze Over?

2024-07-26

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2024-07-26

Overview:  The powerful yen short squeeze that has roiled the capital market this week has stalled today. It is the first day this week that the dollar has not fallen below the previous day's low and has risen, though slightly, above previous session's high. The Antipodeans and Scandis are trading with a firmer bias. The yen and Swiss franc are the only two G10 currencies that are not stronger today. The stability of the yen appears to have removed...

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Yen’s Surge Continues, while PBOC Surprises with Another Rate Cut, and US 2-30 Year Yield Curve Ends Inversion

2024-07-25

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2024-07-25

Overview: The capital markets are in flux. The powerful short-covering rally of the yen and unwinding of carry trades continues. For the second time this week, the PBOC has surprised by cutting interest rates. The dramatic sell-off of equities continues. The unexpected contraction of South Korea's Q2 GSP (-0.2%) is seen as confirmation of broader economic weakness Speculation of a more aggressive Federal Reserve is gaining ground. It is not that...

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Greenback and Yen Extend Gains

2024-07-24

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2024-07-24

Overview: The dollar's gains have been extended today, but in the risk-off mode, and unwinding of carry positions, the Japanese yen and Swiss franc are firmer.  the dollar has stabilized in late European morning turnover. The Bank of Canada is widely expected to cut rates today and the greenback is pushing against CAD1.38, which it has not traded above for three-months. The US dollar gains, which we anticipated, are coming despite interest rates...

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TSLA stock technical analysis post earnings

2024-07-24

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See the unnconfirmed channel, the confirmed bigger channel, the VWAP anchored from last earnings and previous highs. This is an important technical map and you need to see how price reacts if gets to these junctions.

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USDJPY Technical Analysis – The sellers remain in control

2024-07-24

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#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. 1:29 Technical Analysis with Optimal Entries. 2:42 Upcoming Economic Data....

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Finance Magnates Pacific Summit

2024-07-23

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Louise Bedford from Talking Trading and ForexLive's Eamonn Sheridan and Justin Low talk about what each will be speaking on at the upcoming Finance Magnates Pacific Summit. Would you like to hear them speak? You can in Sydney on 27-29 August. To register: https://events.financemagnates.com/event/bfb8e41b-740c-4543-922d-9b0ab8e783de/summary

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GBPJPY reverses June/early July surge and follows similar technical tools. Watch and learn

2024-07-23

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Key technical tools guide the GBPJPY lower over the last few weeks. A swing area is being tested and this may be an area to stall the fall.

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EURUSD bounces just ahead of the 38.2% target at 1.08394. What now?

2024-07-23

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Sellers don't have the momentum to get below the 38.2% retracement target on the first look. Got with 4-pips of the level at 1.08394.

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BOC rate decision and lower oil price help to push USDCAD higher. Technicals more bullish.

2024-07-23

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The price of the USDCAD is working toward the high of the "Red Box" that has confined the range since April.

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AUDUSD and NZDUSD both continue there runs to the downside

2024-07-23

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Concerns about slower China weighs on each of the currency pairs. AUDUSD approaches key 100 day MA. Be aware.

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USDCHF breaks above resistance today after the 200 day MA based the pair at the low

2024-07-23

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The price is targeting the 50% and swing level at 0.8934 and then 200 and 100 bar MAs on 4-hour chart at 0.8942 and 0.8954

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Kickstart the FX trading day for July 23 w/a technical look @ EURUSD, USDJPY and GBPUSD

2024-07-23

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What levels are key for the 3 major currency pairs? Find out, in this video.

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Short Covering Squeezes the Yen Higher

2024-07-23

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2024-07-23

The US dollar is firmer against all the G10 currencies but the Japanese yen. Local reports and the price action are consistent with short covering of the previously sold yen positions ostensibly ahead of next week's BOJ and FOMC meetings. Still, the greenback is holding above last week's low, slightly below JPY155.40.

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Gold Technical Analysis – The short-term bias turned bearish

2024-07-23

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#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. 0:45 Technical Analysis with Optimal Entries. 2:29 Upcoming Economic Data....

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USDJPY makes it to 100 hour MA target at 157.16. Time for sellers to lean.

2024-07-22

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If the sellers are to keep control, they need to stay below the 100 hour MA at 157.16

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USDCHF respecting support and resistance in trading to start the new trading week.

2024-07-22

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Traders are sparring and looking for the next technical clue with 200 day MA, 38.2% retracement and swing area between 0.8880 and 0.8898 as a key swing area.

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Kickstart the FX trading for July 22 w/a technical look at the EURUSD , USDJPY & GBPUSD

2024-07-22

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The USD is waffling up and down to start the trading week.

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Dollar Mixed as Markets Digest US Political Developments

2024-07-22

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2024-07-22

Overview: News that President Biden will not seek re-election has left investors unsure of the next step, but PredictIt.org still points to a Trump advantage of slightly better than 60-40. It is not clear yet whether Vice-President Harris will be challenged for the nomination. The dollar is mixed against the G10 currencies, with the dollar bloc and Norway weaker. The yen is up around 0.45% to lead the others higher. The Swiss franc, euro and...

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USDJPY Technical Analysis – Keep an eye on this important resistance

2024-07-22

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#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. 1:00 Technical Analysis with Optimal Entries. 2:17 Upcoming Economic Data....

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Week Ahead: US Dollar to Extend Recovery while Stocks Correct Lower

2024-07-20

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2024-07-20

The consolidative phase for the dollar, we anticipated last week, after its recent drop, is evolving into a proper upside correction. We expect the dollar to trade broadly firmer over the next week or so. It is also part of a larger picture, where US interest rates also look to have put in a near-term bottom and are set to recover. Ideas that next US administration may favor a weaker dollar has become a talking point. Yet, of all the forces that...

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