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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Jobs. Inflation.The Fed.

2022-10-10

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The US jobs report is in the rear view mirror. Inflation is this week. The Fed? They are on track to move to more restrictive policy.

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New Week, but same Old Stocks (Heavier) and Dollar (Stronger)

2022-10-10

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2022-10-10

The start of the new week has not broken the bearish drive lower in equities. Several Asia Pacific centers were closed, including Japan, Taiwan, and South Korea. China’s markets re-opened, and the new US sanctions coupled with the disappointing Caixin service and composite PMI took its toll.

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Bitcoin may heading towards $10k

2022-10-10

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Here is a 4 to 1 trade idea if it does. Trade at your own risk. See the full technical analysis for BTCUSD at ForexLive: https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-20221010/

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Is the Dollar Vulnerable to Buy Rumor Sell Fact after the CPI?

2022-10-09

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2022-10-09

We suggested that the US jobs data and the CPI would be a 1-2 punch that would strengthen the greenback after it pulled back from extremes seen in late September. 

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No Rest for the Weary: The Week Ahead

2022-10-08

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2022-10-08

In Volcker's days, when he used money supply to justify tightening monetary policy despite high unemployment, the money supply was released while markets were open, and it was The report. Later, by the mid-1980s, leading up to the Plaza Agreement, the deterioration of the US monthly trade balance was critical.

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The EURUSD backs off from 200 hour MA test. Bears in control.

2022-10-07

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FOREX QUICK: In a forex quick look video, Greg Michalowski of ForexLive.com reviews the price action in the EURUSD after the US jobs report. The corrective high off of the lows moved up to test a key technical target at the 200 hour MA. Sellers leaned. The price moved back down. The pair now looking to move back below the 50% midpoint of the move higher from the 2022 low. What next for the pair?

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US dollar higher after better than expected US jobs report.

2022-10-07

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Fed tightening course is still on track after jobs data shows little let up. The US dollar has moved higher after the better than expected report does not pour any water on the expectations for a Fed let up any time soon.  US stocks are tumblingYields are moving higher as well.What are the charts telling us in the major currencies. In this video I outline the technicals (start times in parentheses).  Review of the employment data and markets (up...

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Some key technical levels for the EURUSD, GBPUSD and USDCAD going into the jobs reports

2022-10-07

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Both the US and the Canadian jobs reports will be released at 8:30 AM ET.  For a technical review of the EURUSD, GBPUSD, and USDCAD ahead of the report, click on the video below.  In it I look at the levels in play that would tip the technical bias more in the favor of the bears or the bulls given data outside the expected range.

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Intraday Momentum Indicators Point to a Dollar Recovery After the Employment Report

2022-10-07

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2022-10-07

Asia Pacific bourses followed yesterday’s US loss, but after opening lower Europe’s Stoxx 600 has steadied. US futures are narrowly mixed ahead of the US jobs report. Benchmark 10-year yields are higher across the board.

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AUDUSD falls toward low from yesterday. What next as markets prepare for US jobs report?

2022-10-06

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The AUDUSD is moving to a new low and in the process is testing the low of a up and down trading range.  That level should find support on the dip. The 100/200 hour MAs are now topside resistance in what is an up and down market for the pair as it waits for the next shove.

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OCTOBER 6, 2022:The morning forex technical report.The USD is stronger with the US jobs due tomorrow

2022-10-06

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The EURUSD, GBPUSD, USDJPY and USDCHF all have their 100 hour MAs in play as trading consolidates with a dollar higher bias ahead o the key NFP report.  Traders are trading with focus on the key technical barometers which should lead the way as they define and limit the risk.

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Volatility Snaps Near-Term Conviction

2022-10-06

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2022-10-06

Overview:  The markets seem to lack conviction today. Stocks in the Asian Pacific region advanced. Europe’s Stoxx 600 is giving up its earlier advance, and US futures are heavier. Australian and New Zealand bonds played catch-up after the rise in the US and Europe yesterday.

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EURUSD and GBPUSD have similar price action moves to hourly MA support. What next?

2022-10-05

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Both the EURUSD and the GBPUSD moved lower in trading today and in the process erased much of the gains from yesterday.   Each also saw the price move below their respection 100 hour MAs (rising) and fail on those breaks. The corrective moves  have seen a rebound to shorter term upside targets that would give the buyers more hope IF the targets and momentum would continue.   IN this video, I outline the targets needed to be broken and explain...

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EURJPY ping pongs between swing high resistance and swing low/MA support

2022-10-05

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Traders play the range with sellers more in control today

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USDCAD follows the USD higher. Trades back above 100/200 hour MAs

2022-10-05

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Despite the higher oil, the USDCAD is moving higher today (lower CAD). The USDCAD is moving higher back above its 100/200 hour moving averages near the 1.3666 area. Stay above keeps the buyers more in con from a shorter-term technical perspective.

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Dollar Slump Halted as Stocks and Bonds Retreat

2022-10-05

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2022-10-05

Overview: Hopes that the global tightening cycle is entering its last phase supplied the fodder for a continued dramatic rally in equities and bonds. The euro traded at par for the first time in two weeks, while sterling reached almost $1.1490, its highest since September 15.

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CHF traders – heads up for a SNB speaker Wednesday, 5 October 2022 – Maechler

2022-10-05

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2022-10-05

Swiss National Bank monetary policymaker Andrea Maechler is speaking at 1130 GMT, at an event titled: After the interest rate change: high inflation, rising interest. How will it affect the Swiss economy?

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Stocks and Bonds Extend Rally

2022-10-04

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2022-10-04

The big bond and stock market seen yesterday has continued today. The Reserve Bank of Australia’s reversion to a quarter-point hike stokes hope that the aggressive tightening cycle more broadly is set to slow.

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Why is the 11130 area in the Nasdaq index so important this week?

2022-10-03

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If you were to take a short to long term view of the Nasdaq index the move higher today based nicely against key support on the daily chart. However if you were to drill to the hourly chart, the index is finding some resistance near downward sloping trend line and ahead of the high from last week (on Wednesday) and the falling 100 hour MA.  

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FOREX QUICK: GBPUSD rotates back toward 4-hour MA support

2022-10-03

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The run to the upside in the GBPUSD is running out of steam and rotates back toward MA support. The GBPUSD ran higher in NY trading but is seeing a rotation back toward the broken 4-hour 100 bar MA level.  Can the pair stay above that and keep the buyers in more control?

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