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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USDJPY rotates lower off November 2022 swing high

2023-06-20

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Discover the significance of the 142.25 area as a key resistance level on the daily chart. Find out where buyers are near this price level and how that could affect how the market moves in the future. Stay informed about potential trading opportunities by watching this video and make well-informed decisions

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EURUSD tries to hold key swing area support near 1.0900

2023-06-20

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Find out what the area between 1.08955 and 1.0908 means for the EURUSD in the short run. Find out how this important level may impact how the pair of currencies move in the future. Stay informed and make informed trading decisions in the forex market by watching this video.

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Scandis and Antipodeans Lead the Greenback’s Recovery

2023-06-20

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2023-06-20

Overview: The market continues to resist the Fed's signal that another 50 bp of hikes may be necessary to ensure inflation is headed toward its target. Previously, the market had rate cuts priced in, and it took some time for the Fed's push back to be accepted. The market converged with the Fed, and this helped the dollar recover. We suspect a similar pattern to play out again. The market does not have even one of the two Fed hikes discounted. As...

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GBPUSD Technical Analysis

2023-06-20

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

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S&P 500 Technical Analysis

2023-06-19

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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Week Ahead: Greenback Looks Set to Bounce after the Recent Drubbing

2023-06-17

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2023-06-17

The week ahead is less eventful than the week that just passed, which saw the anticipated hike by the ECB and the small cut by the PBOC. The Fed delivered the widely tipped hawkish hold and the US CPI continued to decelerate. The dollar fell against the G10 currencies last week but the yen.  Sterling, and the Canadian dollar rose to new highs for the year,  Momentum indicators are stretched.  This coupled with risk-reward considerations suggest...

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What area is the key barometer for the EURUSD in the new trading week?

2023-06-16

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A deep dive into the technicals driving the GBPUSD as the clock ticks toward the weekend

2023-06-16

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The GBPUSD broke above the 61.8% of the range since 2021 high at 1.27605 this week. That is close support now.

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The sellers are winning in the USDCAD. What would turn that bias around?

2023-06-16

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“Reading the tape” in the USDJPY.

2023-06-16

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The technical "whys" and "what nexts" for the USDJPY by reading the price action

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EURUSD extends higher after big move higher yesterday

2023-06-16

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EURUSD above swing area between 1.0933 to 1.0942

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BOJ Stands Pat while the Dollar is Consolidating Ahead of the Weekend

2023-06-16

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2023-06-16

Overview: The market has not yet become convinced that the Fed will in fact deliver the two hikes the median dot anticipates this year, and the dollar was sold off sharply yesterday, the day after the FOMC meeting. In fact, the swaps market is more convinced that the ECB hikes in July than the Fed. Outside of the yen, which was sold after the BOJ stood pat, the G10 currencies are mostly little changed, consolidating the recent moves. Emerging...

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EURUSD Technical Analysis

2023-06-16

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This is a quick technical analysis on EURUSD with some fundamental background. For more visit ForexLive.com

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EURUSD technical analysis. EUR/USD price forecast; 1.133

2023-06-16

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The EURUSD exchange rate has been on a downward trend since the beginning of 2022. However, in the long term, the EURUSD exchange rate could appreciate given the faster pace of growth expected for the Eurozone economy compared to the US economy. Consequently, i predict that the EURUSD exchange rate could reach 1.133 by the end of 2023. The technical analysis is based on a long term channel shown in the video and the volume profile of the price...

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USDCAD moves to a key swing area between 1.3207 and 1.3229

2023-06-15

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Move below 1.3207 would open the door toward 1.3132

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NZDUSD retraces Asian/European declines and extends back above 100 day MA

2023-06-15

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100 day MA at 0.6221. Close risk for buyers now.

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AUDUSD rides the US dollars decline

2023-06-15

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The AUDUSD moves above the 50% of the 2023 trading range at 0.6808

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USDJPY moves lower and back to swing area. Do buyers enter on the dip?

2023-06-15

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The swing area comes between 140.22 and 140.44.

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EURUSD moves higher after ECB rate hike. Inflation too high.

2023-06-15

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The low today held near the 100 day MA. Bullish. The price is now above the 50% of the move down from the April high.

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ECB’s Turn

2023-06-15

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2023-06-15

Overview: The Fed's hawkish hold and signal that it may raise rates two more time this year sent ripples through the capital markets. Risk appetites have been dealt a blow. However, China's rate cut and likely additional supportive measures after disappointing data, helped lift the CSI 300 by 1.6%, the most this year. The Hang Seng rose by nearly 2.2%, the most in three months. Europe's Stoxx 600 is snapping a three-day advance and US index futures...

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