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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August 2023 Monthly

2023-07-29

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2023-07-29

Prices pressures are abating, albeit gradually, while economic momentum is faltering. The data in the coming weeks will help shape expectations for rate decisions for September. As the market pushed back against the Federal Reserve's forward guidance that anticipated two hikes in the second half, the US dollar fell against the G10 currencies, but found support beginning around the middle of the July as the market was reluctant to return to pricing...

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The AUDUSD is back below the longer-term 200 & 100 day MAs tilting the technical bias down

2023-07-28

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As we finish the trading week and look toward the new trading week, the sellers are more in control in the AUDUSD. Having said that, the pair has been mostly in an up-and-down trading range over the last 5 trading months. With the bias down, what would tilt the bias more to the upside, and if those levels can't be breached, what would get the price outside the 5-month up and down trading range.

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USDJPY makes a new week low today, then tests the high for week. What’s up for next week?

2023-07-28

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Bias is positive/bullish to end the week. The USDJPY traded to a new low today, and also equaled the high for the week. The day has been volatile, but is more bullish heading into the close and the new trading week. What does the price action and technicals say for next week's trading? This video will define the bias, and outline the key levels that would tilt the bias either more to the upside (the buyers are more in control), or reverse the bias...

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As Europe heads home, what are the EURUSD technicals telling us for next week’s trading?

2023-07-28

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A broad review of the technicals from a short and long term perspective. Be aware and be prepared, by watching the above video and understanding the key levels that will drive the bias for the EURUSD going forward.

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GBPUSD this week stayed within support and resistance targets. Trades near neutral levels.

2023-07-28

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The price action this week sets traders up for trading going forward into the new week

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ForexLive Video: USDJPY has a volatile up and down day as traders digest BOJ move

2023-07-28

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The Bank of Japan met and eased their yield curve control on the 10 year effectively expanding their tolerance by a further 50 basis points to 1.0%. That news - and the other news this week - has the pair moving back toward a neutral level after up-and-down-volatility. The pair is trading near the 38.2% of the range since the end of June high at 140.224 and the 100 and 200-hour MAs at 140.517 and 140.25 respectively.

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ForexLive Video: EURUSD corrects higher into overhead resistance

2023-07-28

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EURUSD trades above and below the 1.1000 level today

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USDJPY Technical Analysis

2023-07-28

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

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The Dow string of 13 higher closes is in jeopardy of ending today. What next?

2023-07-27

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The major indices are all lower today as gains are erased

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ForexLive Video: The USDCAD has a few things pushing and pulling the pair in trading today

2023-07-27

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Oil is higher and above $80 for the first time since April. Bullish for the CAD. The US fundamentals were strong today with better data. Bearish for the CAD.

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ForexLive Video: USDCHF is banging against key resistance on the weekly chart and hourly chart too

2023-07-27

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The 0.8699 area is key resistance for the USDCHF. The USDCHF traded to a new low in the European session, taking out the low price from July 18. However, that low was just by a PIP or 2 before moving back to the upside. The gains were helped by better US data this morning which showed stronger GDP, a stronger job market, and a stronger consumer/business market as well (durable goods were higher). Technically, the move to the upside took the...

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ForexLive Video: AUDUSD is down testing a key support target area. What defines that area?

2023-07-27

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The AUDUSD moves lower to test key support targets. The AUDUSD is trading lower with the stronger dollar and in the process, the price is testing it at 200-day moving average of 0.67246. The last few days have seen early buyers against that moving average level on each of the dips. A break below would have traders targeting the low from Monday's trade at 0.67143. Get below that level and the door opens for further selling potential with the...

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ForexLive Video: USDJPY moves higher and tests key 100 hour MA/50% retracement target

2023-07-27

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The USDJPY is moving higher helped by stronger US data today. The move to the upside has the pair testing the 100-hour MA at 140.99. The 50% midpoint of the recent move lower comes in at 141.15. Getting above those levels is needed to increase the bullish bias in the pair going forward.

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ForexLive Video: EURUSD moves lower as strong US data sends the pair lower. ECB hikes

2023-07-27

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Join us in this ForexLive video as we analyze the recent price action of the EURUSD currency pair. The pair experienced a downward movement as a result of robust US economic data and ECB President Lagarde's remarks about the deteriorating near-term outlook. We'll discuss the implications of these factors on the EURUSD and explore potential scenarios for the pair in light of the changing market sentiment. Stay informed with our analysis to make...

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S&P 500 Technical Analysis

2023-07-27

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

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AUDUSD moved lower after lower Australia CPI. What next through the FOMC rate decision?

2023-07-26

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On the downside, the lows today stalled ahead of the 200 day MA. That will be a key barometer on the downside today.

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ForexLive Video: GBPUSD traders set the support and resistance levels through the Fed decision.

2023-07-26

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What key levels will define more bullish or more bearish through the FOMC rate decision?

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ForexLive Video: USDJPY trades between the 100/200 hour MA ahead of the Fed decision today

2023-07-26

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Move outside the 100/200 hour MAs will determine more bullish or more bearish for the pair after the FOMC rate decision

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The EURUSD is hanging above and below the 50% midpoint of the July range ahead of the Fed

2023-07-26

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As the highly anticipated Fed decision approaches, the EURUSD is currently trading above and below the critical 50% midpoint of the July range. In this video, we delve into the significance of this retracement level and discuss its implications before the potential market impact of the FOMC rate decision. Join us to discover the key technical levels in play for the EURUSD pair and understand how they may influence the currency pair's movements...

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GBPJPY Technical Analysis

2023-07-26

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

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