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.

US-Iran Ceasefire at Risk: Oil Pulls Rates Higher

The US dollar recovered in late turnover ahead of the weekend and has extended its recovery today in holiday-thin trading. Japan, China, and UK markets are closed. The ceasefire in the US-Iran war looks fragile as Washington says it will begin escorting ships out of the Strait of Hormuz and Tehran threatens to attack the …

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Week Ahead: RBA Hike, UK Local Elections, and US Employment Report

Three developments stand out from last week. First, all five G10 central banks that met delivered in some form of hawkish holds. The Bank of Japan was the least convincing and the swap market barely changed the extent of the anticipated tightening this year. The year-end projection rose by about 22 bp in Canada, 19 …

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The USD is little changed to start the day. The USDJPY remains volatile but in a range

The EURUSD and the GBPUSD are pushing to the upside. What next for each of the 3 major pairs technically

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May Day: Market Looks for US Leadership

In holiday-thinned markets, the dollar is mostly softer as North American leadership is awaited.  In light of yesterday’s surge in the yen, and contrary to our expectation, it does appear that Japanese officials materially intervened yesterday. The intervention may have been for around $34.5 bln (~JPY5.4 trillion), which if accurate, would be larger than the …

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EURUSD shifts the short term bias to the upside above the 200 hour MA

Can the buyers keep control in the new trading day?

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The GBPUSD races higher but is stalling near a swing area ceiling. What next?

The swing highs from 2026 come in between 1.3575 to 1.3600. The high price today raced up to 1.3593 and put on the brakes.. Can the buyers complete the run with another break and run?

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AUDUSD continues it’s range trading. Traders using the 100/200 hour MA as a bias barometer

The 100 and 200 hour MAs are around the 0.7159 level.

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USDCAD returns back to MA levels and awaits the next shove

The high from yesterday stalled at a key swing area between 1.37089 and 1.37149

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The USDJPY falls sharply on the intervention threats. What next for the USDJPY technically?

In the video, it takes a look at the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD.

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The Yen Recovers on Verbal Intervention

The North American market understood yesterday’s Fed statement and the three dissents in favor of a neutral bias as a hawkish hold and rallied the dollar in response. Follow-through selling today has been minimal and the greenback is sporting a softer profile. The strongest currency today is the Japanese yen, which had fallen to its …

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USDJPY extension about 160.00 has buyers in firm control.

The high for the year is the next target at 160.455

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Bitcoin finds willing sellers near resistance targets, and the technical tilt shifts down.

The high price for the week found willing sellers near the high price from last week and below the 50% of the 2026 trading range. The price is breaking away from the 100/200 hour MAs near $77360 now.

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Euro and ECB

The euro' fell nearly 1.65% in Q1, only to claw back about 1.25% in April. At one level, that looks like noise within a broader range. At another, it reflects a market that has been repeatedly and abruptly forced to reprice the policy outlook in response to shifting geopolitical and macroeconomic crosscurrents.The ECB meets tomorrow, … Continue...

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Crude oil is racing higher and approaches a key target area. What next?

The price of crude oil is approaching a key swing area between $105.53 and $106.86. Break above and the price is in the extreme range.

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The USDCAD is marginally lower ahead of the Bank of Canada/Fed decision

The 100 and 200 hour MAs are converged at the 1.3666 level, and will be a barometer for buyers and sellers today. The central banks are expected to keep rates unchanged

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The USD is higher ahead of the data dump and FOMC rate decision

The Fed is expected to keep rates unchanged. The USD is trading higher but remains within technical levels on the top and bottom

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Oil Prices Advance Ahead of What Will likely be Powell’s Last FOMC Meeting (as Chair)

There are two dominant issues today. First, the ceasefire in the Middle East continues, but the blockade of Iran is an act of war, and the Strait of Hormuz remains blocked even if there are some reports that a few ships have managed to transit it. July Brent is at new contract highs and June … Continue reading...

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Gold extends the losses amid US-Iran stalemate, hawkish central banks. What’s next?

#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 1:06 Technical Analysis with Optimal Entries 2:30 Upcoming Catalysts...

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Three Dissents in Favor of a Rate Hike Fail to Support the Yen

The markets seem nervous. The dollar is higher against all the G10 currencies and most emerging market currencies. June WTI, which was at $82.60 on April 17, is now pushing against $100. July Brent, which was at $86.50, is now approaching $105. Both are up for the sixth session of the past seven. Equities and … Continue...

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The Japanese Yen jumps on hawkish BoJ dissenters but erases gains on dovish Governor Ueda

#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 2:20 Technical Analysis with Optimal Entries 3:35 Upcoming Catalysts...

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