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.

Week Ahead: US Economic Resilience Supports the Dollar

The resilience of the US economy is remarkable. The economy bounced back from near stagnation in Q4 25 (0.5% annualized pace) to 2% in Q1 26 and, and perhaps to 4.3% this quarter, if the Atlanta Fed's GDP tracker is accurate. Wall Street economists are less sanguine and the median forecast in Bloomberg's survey from …

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Stocks and Bonds Rally Despite the Apparent Lack of Progress in the Middle East

The dollar’s losses in the North American afternoon yesterday have been unwound as hopes that a framework for negotiations between the US and Iran have faded again. A drone strike on the UAE, ostensibly from Iranian proxies in Iraq, has helped lift oil prices and the greenback. Yet, stocks and bonds are higher. Still, ahead …

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USDCAD reverses back to the upside, putting the buyers back in full control

The price yesterday fell below the 100 hour MA at 1.3752 currently, but has moved back above the key barometer for short term control. The 50% midpoint at 1.3757 is also in play. Stay above is more bullish for USDCAD traders.

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The USD is mostly higher (modestly) to start the North American session. What next technically?

The Middle East new headlines continue to push and pull oil, yields and the USD. I take a technical look at the EURUSD, USDJPY and GBPUSD in the kickstart video.

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Flash PMIs Show War’s Impact

There have been no further developments to fuel optimism about the Strait of Hormuz. Polymarket shows little change in the assessment that there is around a 35% chance that the Strait is open by the end of next month and 47% chance opens by the end of July. Still Brent and WTI are trading with … Continue reading »

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GBPUSD follows path of the lower USD higher, but finds willing sellers near swing area

Resistance in the GBPUSD against the high of the swing area at 1.3465, the broken 38.2% retracement 1.34669 and the 100 day moving average of 1.3476.

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USDCAD moves to a new high going back to mid-April, but backs off. What next?

The USDCAD is setting up for a test of the 100 hour MA at 1.37457. Stay above is more bullish.

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The USD is little changed/mixed to start the North American session. What levels to watch?

The video outlines the key technical levels for the EURUSD, USDJPY and GBPUSD to kickstart the new trading day.

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Markets Wait

The US dollar is mostly firmer, though the Australian and New Zealand dollars are resisting the pull. The euro is trading in almost a 15-tick range on both sides of $1.16, and even with a Gilts-rally spurred by lower-than-expected inflation, sterling is struggling to recapture $1.34. The yen has fallen for the past seven sessions … Continue reading...

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Gold extends the losses as Fed rate hike risks increase amid prolonged US-Iran stalemate

#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 Overview 1:27 Technical Analysis with Optimal Entries 2:38 Upcoming Catalysts...

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EURUSD seller take the pair to the lowest level since April 8th. Sellers in control.

The EURUSD is breaking below the 50% of the move up from the March low at 1.16287 and also below a swing area between 1.1605 and 1.16159. Next target at 1.15768

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Asia and Europe were More Skeptical about Developments in the Strait of Hormuz than the US

The US greeted the news late yesterday that the US would not bomb Iran, apparently as planned, as a constructive sign that would lead to a resolution of the conflict. Asia and Europe appear less sanguine. The dollar has recouped most of what it lost in yesterday’s North American afternoon. Benchmark 10-year yields are mostly …

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USD/JPY keeps erasing intervention losses as macro backdrop remains skewed to the upside

#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 Overview 2:18 Technical Analysis with Optimal Entries 3:35 Upcoming Catalysts...

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Takaichi Endorses Supplemental Budget, Trump Escalates Rhetoric toward Iran, and Markets Spooked

The dollar initially extended its gains against most of the G10 currencies but was sold in Europe and will begin the North American session lower except against the Japanese yen. Japan’s Prime Minister Takaichi has reconsidered her initial reluctance and has endorse a supplemental budget to help households and businesses cope the with commodity shock. …

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Week Ahead: Rising US Rates Underpin Greenback

The US economy appears to be re-accelerating here in Q2 after nearly grinding to a halt in Q1 (0.5% annualized pace). April US CPI and PPI were more elevated than expected. The anticipated average effective Fed funds rate in December rose more than 15 bp in the past week and is up slightly more than … Continue reading...

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Gold tumbles lower today on the back of higher yields and the higher USD

Gold is down $90 on the day but did stall the fall at a key target floor.

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EURUSD sellers are leaning aganst corrective resistance targets keeping sellers in control

Resistance at 1.1655 and swing area between 1.16377 to 1.1646 keeps the sellers in the drivers seat.

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Silver is sharply lower on higher USD/higher yields. Technically breaks the 100 day MA.

Silver price plunges as USD rises, breaking key technical level of 100-day moving average. Traders eye $75 support to gauge market direction.

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Fast break the other way.The USD is moving higher,yields spiking, and stocks sharply lower

In the video I take a technical look at the EURUSD, USDJPY and GBPUSD to kickstart the North American trading day for May 15

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Greenback Breaks Higher, Stocks and Bonds Lower

The US dollar has extended its gains against most currencies today. What is seen as a successful US-China summit and a swing in expectations for Fed policy are aiding the greenback. The anticipated year-end effective Fed funds rate has risen by a dozen basis points this week and the two-year Treasury yield is up 16 …

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