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

The NZDUSD is trading near lows for 2023 ahead of RBNZ rate decision. What are the key levels?

2023-08-15

by

A look at the targets above and below for the NZDUSD

Read More »

USDCAD uses moving averages as support and last week’s high as resistance.

2023-08-15

by

Explore the intriguing movements of USDCAD! Join us as we dissect the price action above the 100-hour and 200-day moving averages at 1.3445, and unveil the significance of the swing level near 1.3500 from last week.

Read More »

GBPUSD higher on the day, but there is up and down volatility too

2023-08-15

by

IF the price of the GBPUSD can stay above the 100 and 200 hour MAs, the bias is higher in the short term for the pair. Watching a break above 1.2739 for a more bullish clue in the short term.

Read More »

The USDJPY is up for 6-days in a row, can it be 7 today?

2023-08-15

by

The price of USDJPY is trading near unchanged as the market digests a lot of data and events. Watching the close from yesterday at 145.54 for a short term bias today.

Read More »

EURUSD whips around as markets react to economic data, and Fitch, and stocks and China and yields

2023-08-15

by

There is a lot going on today with retail sales which came in better-than-expected, a Fitch warning about US Bank ratings, stocks moving lower, China cutting rates unexpectedly in reaction to slower growth, yields moving higher and then back down. What levels are key for the EURUSD technically? will talk about it in the morning technical review of the EURUSD.

Read More »

Surprise-Packed Tuesday: China Cut Rates, Japan’s Q2 GDP Rises Twice as Fast as Expected, and UK Wages Accelerate

2023-08-15

by

2023-08-15

Overview: Today's highlights include a surprise rate cut from China after another series of disappointing data and much stronger than expected Japanese Q2 GDP (6% annualized pace). The UK reported an unexpected sharp jump in average weekly earnings, which were sufficient to get renew speculation of a 50 bp hike by the Bank of England next month. The US dollar is mixed. The Swedish krona and dollar-bloc currencies are struggling, while the Swiss...

Read More »

EURUSD Technical Analysis

2023-08-15

by

Here's a quick technical analysis on EURUSD with some fundamental background. For more visit ForexLive.com

Read More »

NZDUSD – like the AUDUSD – trades to a new low for the year but bounces.

2023-08-14

by

What is needed to give buyers in the NZDUSD more control?

Read More »

What do buyers in the AUDUSD need to do to take back more control?

2023-08-14

by

AUDUSD trades to new low for the year, but momentum fades. Can buyers take back control?

Read More »

USDCAD traders try to stay above its key 200 day MA

2023-08-14

by

The 200 day MA at 1.34478 in the USDCAD and traders will be eyeing that level for support. Staying above and then moving above the 50% midpoint at 1.34766 would increase the bullish bias.

Read More »

GBPUSD is looking toward its 100 day MA at 1.2611. Key MA target for the pair.

2023-08-14

by

GBPUSD has swing area support near 1.2590 to 1.26239 on 4-hour chart

Read More »

EURUSD moves below its key 100 day moving average at 1.0930

2023-08-14

by

The price of EURUSD also moved below the 50% midpoint of the range since January 2021 at 1.0942

Read More »

USDJPY extends to new highs and above 145.00 for the first time since November 2011

2023-08-14

by

The price of the USDJPY is between swing area between 144.984 and 145.90.

Read More »

Greenback Remains Firm, with Yen and Aussie Falling to New 2023 Lows

2023-08-14

by

2023-08-14

Overview: The dollar and US rates remain firm. The greenback rose to new highs for the year against the Japanese yen and Australian dollar before steadying. Outside of the Swedish krona, which is off nearly 0.5%, the G10 currencies are nursing small losses late in the European morning, mostly less than 0.1%. Most emerging market currencies are also lower. The Chinese yuan gapped lower for the second consecutive session and is also approaching this...

Read More »

Russell 2000 Technical Analysis

2023-08-14

by

Here's a quick technical analysis on the Russell 2000 with some fundamental background. For more visit ForexLive.com

Read More »

Week Ahead: Anniversary of the End of Bretton Woods Sees Resilient Dollar and Firmer US Rates: Can it Persist?

2023-08-12

by

2023-08-12

Tuesday marks the 52nd anniversary of the end of Bretton Woods currency arrangement, which pegged the dollar to gold and other currencies to the dollar. Some economists have tried framing their views in terms of Bretton Woods II and there have even been proponents of Bretton Woods III, but these are informal arrangements at best, no reciprocity, or mutual obligations. The point of the matter is that the end of Bretton Woods ushered in the modern...

Read More »

Dollar Proves Resilient and Even Strong UK GDP Figures Hardly Dents It

2023-08-11

by

2023-08-11

Overview: The dollar's resilience after initially selling off in response to the as-expected CPI was impressive. A quieter tone is dominating today and most of the G10 currencies are +/- 0.15%. While the dollar is consolidating, the underlying tone is still firm. For the week, it has risen against all the major currencies and the Dollar Index is up nearly 0.6% this week, its fourth consecutive weekly gain. The greenback is rising today against most...

Read More »

NZDUSD trades to a new low for the week and trades below the 50% midpoint

2023-08-11

by

Dive into a comprehensive analysis of the NZDUSD pair as we explore its recent price movements and trends. In this video, we dissect the significance of the pair trading to a new weekly low and dipping below the crucial 50% midpoint.

Read More »

What are the charts telling us for the EURUSD, USDJPY and GBPUSD?

2023-08-11

by

Join us for an insightful technical analysis of three major currency pairs – EURUSD, USDJPY, and GBPUSD. As we approach the European trading session, we uncover what the charts have to say about these influential pairs. Discover potential trends, key support and resistance levels, and important price action signals that could shape your trading decisions.

Read More »

The Greenback is Softer Ahead of CPI but Key Chart Points Remain Intact

2023-08-10

by

2023-08-10

Overview: The deluge of Treasury supply is nearly over for this week. On tap today are 4- and 8-week T-bills and $23 bln 30-year bonds to finish the quarterly refunding. The sales will come after the July CPI print that is expected to see the first year-over-year increase since last June. The market is going into the report with about a 15% chance of a Fed hike next month discounted. Meanwhile, September crude oil extended its recover from $80 seen...

Read More »