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.

GBPUSD Technical Analysis

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

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Dollar Consolidates as Market Considers Breakout and Rebuffs Beijing’s Latest Efforts

Overview: Many market participants sense an inflection point is near. The dollar settled last week beyond key levels against several major currencies, bolstered by higher short-term US rates. The market is aware that the Bank of Japan could intervene in the foreign exchange market with the trading near its best levels of the year, and the 10-year JGB yield grinding higher. Beijing cut the tax on equity transactions, will restrict IPOs, and urged...

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S&P 500 Technical Analysis

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: Slowing US Jobs and Softening EMU Inflation

The Jackson Hole symposium marks the end of summer just as much as the autumn equinox next month. It has been a tough few months for bond markets as yields have soared. For the US economy, which has proven more resilient than many, including Fed officials thought, and a sharp increase in anticipated supply of Treasuries, the rise in yields may be understandable. The rise in Japanese government bond yields may also make sense given the rise in...

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A technical look at the major currency pair after Fed Chair Powell Jackson Hole speech

The USD is reversing back higher after a run lower could not be sustained

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AUDUSD trades below the 100/200 hour MAs ahead of Chair Powell speech (bearish tilt)

The AUDUSD 100/200 hour MAs are near 0.6432 area

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USDCAD buyers are more in control, but a 1.3603 ceiling is being built

If the USDCAD can get above 1.3603, it should open the upside more for the pair. Conversely move below 1.3564 would be a precursor to a shift more to the downside today.

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August 25, 2023: Kickstart your FX trading with a technical look at the EURUSD, GBPUSD and USDJPY

A technical look at the 3 major currency pairs as traders prepare for the Fed Chair speech at Jackson Hole

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Silver in focus this week | Market Outlook with Exness

Here's what's in store this week and we're about to discuss it in this week's Market Outlook with Exness. Dive into this week's focal point - Silver's price action. Discover its upward trajectory and the technical resistances impacting its movement. Explore the Dollar index's shift in bullish momentum and the potential for a downward correction, affecting forex pairs. All eyes are on the Jackson Hole Symposium, especially Fed Chair Jerome...

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Dollar Bid and Rates Firm Ahead of Powell

Overview: The euro and sterling took out important chart levels near $1.08 and $1.26, respectively. They have steadied in the European morning but remain fragile ahead of Fed Chair Powell's speech at Jackson Hole. A couple of ECB officials sounded a bit hawkish and a less hawkish comment by ECB President Lagarde could renew the pressure on the euro. The market appears to be going into Powell's speech with a hawkish bias and the odds of a hike next...

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USDJPY Technical Analysis

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

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USDCHF extends to the 50% midpoint target. What next?

The 50% midpoint of the move down from the end of May high is reached at 0.88497.

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EURJPY corrects higher into resistance. Can the sellers keep control and push lower?

EURJPY stalls the rally near swing area resistance between 157.90 and 158.09

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The USD is moving higher vs. the CAD, AUD and NZD today and making some breaks technically

What next for the USDCAD, AUDUSD and NZDUSD today?

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August 24, 2023: Kickstart your FX trading with a technical look at the EURUSD, GBPUSD and USDJPY

What technical levels are driving the Forex market in 3 of the major currency pairs

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BRICS to Expand a Little, USD Steadies after Yesterday’s Retreat, Attention Turns to Jackson Hole

Overview: Strong Nvidia's earnings after the US markets closed yesterday helped lift Asia Pacific markets today. All the large bourses were higher but India. Hong Kong, South Korea, and Taiwan indices rose more than 1%. Europe's Stoxx 600 is higher for the fourth consecutive session and US index futures are higher, led by the NASDAQ. European benchmark bond yields have extended yesterday's PMI-induced decline and are mostly 1-2 bp lower. The...

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Dow Jones Technical Analysis

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

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Broader US indices making new highs

Both the S&P and NASDAQ index are correcting higher. Indices trading at new week highs

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The USDCHF falls to moving averages support on the 4 hour chart and is stalling.What next?

Looking at the USDCHF, the 100 bar moving average on the 4-hour chart comes in at 0.8771. That level is so far holding support, and remains a key barometer for buyers and sellers in the short term..

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USDCAD moves higher after Canadian retail sales data. What are the charts telling traders nOw?

Canadian core retail sales weaker than expectations sends the USDCAD higher on the day and above a swing area between 1.3564 and 1.3585. Buyers making a play.

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