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: Does the Dollar Still Have Legs After the Tariff Ruling?

The Supreme Court struck down President Trump's use of emergency powers to impose widespread tariffs. The court did not rule on refunds. Trump quickly announced a 10% across-the-board tariff under Section 122 of the 1974 Trade Act, which allows the president to impose up to 15% tariff for 150 days. The dollar remained firm after …

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Tariff Decision Day?

The US dollar is trading mostly firmer but quietly in what could be a volatile North American session. It is not just about the US data, of which there is plenty—including the PCE deflator and the first look at Q4 GDP, the preliminary February PMI and the University of Michigan’s final February reading on consumer … Continue reading...

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FX Market Awaits North American Leadership

The North American market took the dollar lower on Tuesday, and there was little follow through selling. Yesterday, the dollar as bid in North America and rather than resist, European more than Asia Pacific operators have extended the greenback’s gains. The somewhat more hawkish FOMC minutes sat the US two-year yield recover to session highs …

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EURUSD Technicals: The EURUSD is running to a new low as the USD moves higher

A poor 20-year note auction sends yields higher and the USD higher

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The Nasdaq & S&P indices are having a solid day. What are the technicals telling traders?

The S&P is solidly bullish after bouncing near the 100 day MA. The Nasdaq is below the 100 day MA but found support buyers near a swing area at the lows yesterday

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USDCHF Technicals: The USDCHF is showing modest bullish buying. Awaits the shove.

The price is above the 100 and 200 hour MAs but momentum to the upside is limited.

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The USD is mixed to start the US trading session. A technical look at the EUR, JPY and GBP

The USD is highest vs the JPY, and the EUR. The USD is lower vs the GBP

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US Dollar is Mostly Firmer, amid Weak Conviction

The US dollar was sold to new session lows against several currency pairs late in the North American afternoon yesterday, but there has been little follow-through today. The greenback is firmer against most of the G10 currencies today in subdued activity. The highlight includes an unexpected dovish hold by the Reserve Bank of New Zealand …

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GBPUSD Technicals: GBPUSD tests key retracement ceiling after two-leg decline

The 1.3550 level becomes the short-term battleground as sellers defend control and buyers attempt a rebound

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Bitcoin compresses below key resistance. Looking for a move away from consolidation soon

Sellers hold control as “Three’s a Crowd” signals a potential trend move ahead. Be aware

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USDJPY Technicals: The buyers are looking to take more control in the short term

The USDJPY buyers need to get and stay above the 153.73 level to break out of the 4 day trading range. Sellers had their shot below the recent trend line earlier today.

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EURUSD Technicals: EURUSD sellers defend key retracement levels

Failure at the 50% midpoint keeps price below the 100- and 200-hour MAs, shifting focus toward the 1.1765–1.1778 support zone

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UK Unemployment Rises and Private Pay Increases Slow to Five-Year Lows, Pulling Sterling Lower

The US dollar is mixed against the G10 currencies. A healthy reception to Japan’s five-year bond auction helped extend the rally in JGBs, and despite the lower yields, the yen’s roughly 0.25% advance puts it atop the G10 performer today. Ahead of what is expected to be a hawkish hold by the Reserve Bank of …

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Japanese Data Disappoint and Sends Yen Lower, While the Greenback Consolidates more Broadly

In subdued foreign exchange turnover, the dollar enjoys a firmer bias against most G10 currencies amid on broadly consolidative tone. The US markets are closed for President’s Day, while Chinese markets are closed for the week to celebrate the Lunar New Year. Disappointing Japanese data, including Q4 GDP and December industrial output weighed on the …

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Week Ahead: SCOTUS Decision on Tariffs? 8 Fed Officials Speak as the Market Discounts almost 65 bp of Cuts this Year

Last week began with the LDP's stunning victory in Japan. However, rather than sell-off as the market expected, the yen and JGBs rallied. It appears that the yen's use as a levered funding leg for carry trades had already been adjusted. At the start of the week, reports circulated that Chinese officials were encouraging local …

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The Dollar is Firm Ahead of January CPI

The US dollar is firm against the G10 currencies ahead of the US January CPI. The week began with news that Chinese officials were encouraging de-risking from US Treasuries. Helped by stronger than expected January employment data, the greenback pared its losses. Separately, and counter-intuitively, the Japanese yen and Japanese bonds have rallied in the …

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Consolidation Featured after Yesterday’s Big FX Moves

The general tone in the foreign exchange market is one of consolidation after yesterday’s stronger than expected January jobs data injected volatility into dollar trading. The news stream is light and tomorrow the US reports January CPI. Japan’s markets re-opened after yesterday’s holiday and extended the yen’s recovery marginally and the JGB rally. As JPY152 …

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JP Morgan rebound scenario | trade of the week | 10.02.2026

JP Morgan stock could be setting up for a continuation move higher as sector rotation and strong investment banking dynamics come back into focus. In this week’s Trade of the Week, we briefly review last week’s crude oil idea before turning attention to JPMorgan. The stock has bounced from key support, crossed the 20-day moving average, and is moving toward the upper boundary of its price formation, with a potential target around the $350 level....

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US Jobs Data Due while the Confrontation with Iran is Approaching a Climax

The US dollar is softer against all the G10 currencies. The powerful short squeeze continues to lift the yen, though Japan was on holiday today. Defying expectations, the yen, and Japanese bonds have rallied since the LDP’s sweeping electoral victory. The combination of a stronger yen and lower yields may look like a classic sell …

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Greenback Consolidates after Yesterday’s Shellacking

After yesterday’s sharp losses, the US dollar is mostly consolidating with a firmer bias against the G10 currencies. The yen is the exception. The unexpected post-election gains have been extended through the local session and the European morning. The very long-end of the Japanese yield curve also extended its counter-intuitive rally, with the 30- and …

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