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.
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The morning forex technical report for September 12, 2022

2022-09-12

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The USD is trying to move lower, but finding some resistance in doing so. I look at the EURUSD, USDJPY and GBPUSD in the morning technical report.

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Careful about Chasing the Dollar Lower in North America Today

2022-09-12

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2022-09-12

The bout of profit-taking on long dollar positions begun last week has carried into the start of this week. Despite the escalating rhetoric, the yen is not participating today and is trading within the pre-weekend ranges. The greenback’s lows have been set in the European morning and have stretched the intraday momentum indicators, suggesting that North American dealers may not follow suit.

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The Dollar: Was it the ECB and BOJ or the Bounce in Equities?

2022-09-11

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2022-09-11

After extending its recent gains, the dollar fell sharply at the end of last week. Many factors could have sparked the pullback, including the stronger expressions of concern by Japanese officials with an implicit threat of intervention and perceptions of an increased likelihood that the ECB will deliver another 75 bp hike next month.

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Ethereum technical analysis and trade idea. Hunting for a Long.

2022-09-11

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This article analyzes ethereum's price against the dollar on September 11. The full analysis is at https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-trade-idea-20220911/ Daily time frame channel bull flag. Green arrows in the video indicate the lower frequency band, while red arrows indicate the higher. Cryptocurrencies are recovering alongside the stock market. Even temporarily, it's tradeable. Since the recent rally is...

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The Weekend Forex Report for the week starting September 12, 2022

2022-09-10

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In this report, I look at some of the fundamental stories that are shaping the markets, and then look at the technical which have seen the start of a move lower in the USD. Can that shift continue this week? Fundamental review: - 0:00 to 7:00 Technical analysis by currency pair: - EURUSD 7:10 - USDJPY: 12:19 - GBPUSD 15:10 - USDCHF 17:31 - USDCAD 20:15 - AUDUSD 22:12 - NZDUSD 23:15

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US CPI in Focus

2022-09-10

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2022-09-10

The US dollar rally is of historic proportions. Its climb is relentless, though there was around a 4-7% pullback for a few weeks beginning in mid-July. Since then, the greenback has made up for lost time and appreciated to multiyear highs against most of the major currencies. The first real bout of profit-taking in nearly a month seen in recent days looks corrective in nature.  

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Bitcoin technical analysis: Watch this trading range.

2022-09-10

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Technical analysis for BTCUSD for 10 September. Watch the horizontal trading range, and the yellow channel, which is also a potential bull flag.

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Why this could be the bottom in Europe

2022-09-09

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We’re seeing the covid playbook rolled out on energy. During covid, businesses had to shut down but all the costs were taken on the government balance sheet. That’s when we saw the huge turnaround in markets. The UK is signaling that it will do the same thing by capping/subsidizing energy and more countries in Europe are leaning that way as well. Like covid, this could be a turning point. What’s different this time is that monetary policy isn’t...

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A technical look at the EURUSD, GBPUSD, USDJPY, and USDCAD to start the US trading day

2022-09-09

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The USD has moved lower but found a bottom. What next? The USD moved lower today but is finding some buying in the early NY session. That buying of the USD (selling of the currency) has seen traders lean against targeted technical levels. I look at 4 currency pairs.  0:16: USDJPY 2:44: EURUSD 5:14: GBPUSD 6:56: USDCAD Take a look and understand the "why's" for today's trading and what needs to happen next.

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Sharp Dollar Setback may offer Bulls a Bargain

2022-09-09

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2022-09-09

The dollar is having one of the largest setbacks in recent weeks. We expected the dollar to soften ahead of next week’s CPI, which may fan ideas/hopes of a peak in US price pressures, but the magnitude and speed of the move is surprising, and likely speaks to the extreme positioning.

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More from SNB’s Jordan: No comment on currency invention. We don’t rule anything out

2022-09-09

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2022-09-09

SNB Chairman Jordan speaks to media during a news conference in Bern
Looks at series of models to gauge Swiss francs value; market has to live with some volatility, no comment on currency intervention.

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S&P technical analysis. Where is the stock market going?

2022-09-09

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S&P technical analysis. Where is the stock market going?

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The ECB raises by 75 basis points. How is the EURUSD reacting?.

2022-09-08

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1:32: The EURUSD remains contained with a short term bullish bias ahead of the 75 basis point hike, but there is work to do. 4:00: The USDJPY is trying to move lower but is having some trouble finding downside momentum 6:01: The GBPUSD is reacting up and down to new economic measures by PM Truss, but is back below the 100 hour MA in early trading in the US session.

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ECB: Coping with Conflict, Covid, and Climate

2022-09-08

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2022-09-08

Overview: Heightened warnings from Japanese officials has helped the dollar steady against the yen, while the euro hugs parity ahead of the outcome of the ECB meeting, where a 75 bp hike is anticipated. Most Asian equity markets rallied in the wake of yesterday’s gains in the US.

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Unity Software (U) Stock Analysis

2022-09-08

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Unity stock between $33 and $40 seems to me as a CLASSIC area and time where an investor can be greedy when others are fearfull and start accumilating a Long position. Posted on 09 August, the time to start doing that is probably today, but do leave some additional ammunition for possible buys at some lower prices, as mentioned in the video, to average out your entry point, if the stock sells a little more.

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The USDJPY is sharply higher. The Bank of Canada rate will hike. What are the technicals saying?

2022-09-07

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The USDJPY is continuing it's trend move to the upside. Trends are fast, directional and tend to go farther than traders expect. That is what we are seeing in that pair (and JPY crosses now as well).  The Bank of Canada is expected to raise rates by 75 basis points when they announce at 10 AM today.  The EURUSD is lower but up and down. The GBPUSD got within a few pips of the pandemic low at 1.1408.

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The Yen and Yuan Continue to Weaken

2022-09-07

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2022-09-07

While the US dollar appears to be consolidating its recent gains, the Japanese yen and Chinese yuan remain under pressure. Officials seem more concerned about the pace of the move than the level it has reached. New and large fiscal initiatives that the new UK government has floated has failed to change sentiment toward sterling, which is the second weakest major currency today after the Japanese yen.

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Trends are FAST, DIRECTIONAL and tend to go FARTHER than what traders expect

2022-09-07

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Trends are where the most money is made and lost. Most retail traders don't trade trends well. In fact they tend to lose more when the price trends. In this video, I show traders how they can recognize trends, get on the trend and stay on the trend.

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The morning Forex Report for September 6, 2022

2022-09-06

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In the morning report, I look at the EURUSD, USDJPY, and GBPUSD to kick off the trading bias defining levels.

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Aussie Sells Off After RBA Hikes 50 bp while Sterling Bounces on UK New Initiative

2022-09-06

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2022-09-06

Overview: A GBP130 bln initiative by the new UK government to protect households from the surge in power costs helped lift sterling from 2.5-year lows. The Reserve Bank of Australia delivered the expected 50 bp rate hike, but the prospect of smaller moves going forward saw the Australian dollar sold through yesterday’s lows.

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