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.

DAX technical analysis: Key prices to watch

The German DAX is consolidating, possibly before the next attempt to break out up. Watch these key levels and visit ForexLive.com for additional technical analysis perspectives.

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Consolidative Tuesday

Overview: The yen and sterling are trading quietly after the recent drama, but with the Party Congress ending, the Chinese yuan has been permitted to fall faster. It approached the 2% band today and its loss of about 0.65% today makes it the weakest among the emerging market currencies.

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Boeing (BA) technical analysis: Looking good for Q3 2022 earnings

ForexLive.com technical analysis of Boeing stock showing the volume profile on the weekly and timely timeframe and showing signs that the next earnings report may be good for Boeing. Watch price levels within the video and visit https://www.forexlive.com/technical-analysis for additional perspectives.

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The morning forex technical report for October 24, 2022

A quick look at the EURUSD, USDJPY, GBPUSD and USDCAD to start the trading week. The EURUSD is finding support near the 100 hour MA keeping the bias in the favor of the buyers despite the declines from Friday's trade and the early Asian session run to the upside. The USDJPY moved sharply lower on BOJ intervention. The price moved down to a low of 145.45 before snapping back higher toward the 200 and 100 hour MA. The pair trades between those MAs...

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BOJ Injects More Volatility, while UK’s Tory Party Leadership Contest may be Over Today

Overview:  Japanese efforts to curb the weakness of the yen provided drama today. What many suspect was intervention before the weekend was wearing off and officials may have sold dollars again today in front of JPY150.

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Russell 2000 technical analysis: Bulls looking fine.

Russell 2000 is the most used benchmark for "small-cap" mutual funds, whereas S&P 500 is used for large-cap equities. It's the most-quoted gauge of small- to mid-cap stock performance. Because it focuses on small-cap U.S. enterprises, it's considered an economic indicator. Bulls are looking good for the week starting 24 Oct and before the most important earnings week of the 4th quarter of 2022, where Amazon, Google, Apple,...

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Platinum Futures Technical Analysis: Looking Strong.

The World Platinum Investment Council forecasts that China will soon commence mass production of fuel cell electric cars, which is positive for the price of the white metal. Fuel cell electric cars (FCEVs) offer the zero-emission mobility that the world so sorely needs to help battle catastrophic climate change. China is set to become a dominant market for platinum-using fuel cell electric vehicles (FCEVs), which provide the zero-emission...

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Macro and Prices: The Week Ahead

There are five macro highlights in the week ahead. After providing a thumbnail sketch of them, we will look more closely at the price action of the leading dollar-pairs. We suspect that the dollar is in the process of carving out a top amid ideas that a 5.0% terminal Fed funds rate is discounted.

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Greenback Holds Above JPY150, while BOJ goes MIA

Overview: The continued surge in US rates and inability of the equity market to sustain gains saw the post-Truss sterling rally unwind amid a broader recovery of the dollar. Sterling has been sold to new lows for the week.

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UK PM Truss resigns. What are the charts telling us

The UK PM Truss resigned and the GBPUSD initially moved higher before backing off. What is the chart in the GBPUSD telling us? A look at it and some of the other major currency pairs in the morning forex technical report for October 20, 2022

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Should I buy TSLA stock after earnings?

Tesla posted unimpressive earnings, and the stock is down over 6% after hours. It's almost $200. When a stock price is near a natural "magnet," it's more likely to be inspected. Stocks that underperform following results seldom recover quickly, if at all. It takes weeks to restart the stock's basic assumptions. The following piece of technical analysis shows how the stock is approaching the VAL (value area low) of the price range's...

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Are you ready for the Australian jobs report? What is video and you will be…

The September Australian jobs report will be released in the new trading day. Are you ready? Do you know the bias defining levels? Do you know the risks? Do you know the targets on a trend like move? In this video, I outline all the levels in play that will make you aware and prepared.

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FOREX QUICK: USDCHF trends higher but consolidates between target levels

Traders battle between 1.0020 and 1.0049 in the USDCHF

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The morning forex technical report for October 19, 2022

A technical look at the EURUSD, USDJPY and GBPUSD in the morning report. What are the technical bias, risk and targets that are driving the EURUSD, USDJPY and GBPUSD in early NA trading? Take a look at the video to confirm your current trade or prepare for your next one.

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Currency and Bond Markets Challenge the Bank of Japan

Asia Pacific equities were mixed as the China, Hong Kong, Taiwan, and South Korean markets, among the large markets were unable to gain in the wake of a solid performance in the US. Europe is also struggling to maintain the upside momentum that has lifted the Stoxx 600 for the past four sessions.

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Want to catch up to the technicals driving the forex markets today? Watch…

The technical report for October 18, 2022. In the morning forex report for October 18, 2022, I look at the EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD and NZDUSD. Take less than 8 minutes and catch up to the market technicals driving the currency markets today.

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Turn Around Tuesday Aside, is the Dollar Topping?

Global equities moved higher in the wake of the strong gains in the US yesterday. US futures point to the possibility of a gap higher opening today. Most of the large Asia Pacific bourses rallied 1%-2%, with China’s CSI a notable exception, slipping fractionally.

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The USD is moving lower today extending that move in early NY trading

A look at the EURUSD, GBPUSD, USDJPY and USDCHF to start the NY trading week. The USD is trading to new session lows to start the US trading session.  US stocks are higher and rebounding off of the sharp declines on Friday. Yields are lower. EURUSD: The EURUSD is moving above its 200 hour moving average for the 2nd time today. Buyers are making a play. Risk is a break back below the 200 hour moving average GBPUSD: The GBPOUSD moved away from...

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Sterling and UK Debt Market Respond Favorably to the Return of Orthodoxy

Overview: The markets have returned from the weekend with a greater appetite for risk. Equities and bonds are rallying, and the dollar is better offered. China, Hong Kong, South Korea, and Indian bourses advanced. Mainland shares edged higher even though Zhengzhou, a city of one million people, near an iPhone manufacturing hub was locked down due to Covid. Europe’s Stoxx 600 is up nearly 0.5% to extend its recovery into a third session.

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