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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A technical look at the major currency pairs to start the US trading week

2022-08-15

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The USD moved higher as concerns in China and Europe from slower growth lead to risk-off sentiment to start the week.    The EURUSD and GBPUSD moved lower, moving below key MA levels. The USDJPY fell more recently on the back of weaker Empire manufacturing data. The USDCAD is a big mover to the upside helped by sharply lower oil prices.  The AUDUSD is falling on risk off and slower China.

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BTCUSD 24816.27 technical analysis update for 15 Aug

2022-08-15

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Bitcoin technical analysis update for 15 Aug: Following another "fakie" above the recent high and the 25k mark, bitcoin is testing the diagonal line, now acting as support. Watch for 4 hour candles to close above the recent high or below the VWAP (purple line). The stop loss of the original trade idea, presented in the video at the top of this page, is still active and has not been reached, despite the recent rally. When trading crypto,...

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Is the Dollar’s Month-Long Pullback Over?

2022-08-14

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2022-08-14

The bullish dollar narrative was fairly straightforward. Yes, the US main challengers, China and Russia, have been hobbled in different ways by self-inflicted injuries. Still, the driver of the dollar was the expected aggressive tightening by the Federal Reserve.

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The weekend forex technical report for the week of August 15, 2022

2022-08-13

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In this video, I preview the upcoming week in the forex market with the focus on the major currencies vs the USD.

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Bitcoin technical analysis and shorting BTCUSD close to $24500 since bulls might be giving up soon.

2022-08-13

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Today's daily candle, while closing only in apx 4 hours, is now showing a sign that bulls are NOT about to break the presented channel to the upside, following this 4th attempt to do so, on the daily timeframe. Even if we had a coin flip for this trade, the reward vs risk merits to short BTCUSD here. Why? Because the stop loss is half the take profit target for the first part of this trade plan, and only 25% of the profit target of the 2nd part,...

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Week Ahead: More Evidence US Consumption and Output are Expanding, and RBNZ and Norges Bank to Hike

2022-08-13

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2022-08-13

After two-quarters of contraction, many still do not accept that the US economy is in a recession. Federal Reserve officials have pushed against it, as has Treasury Secretary Yellen. The nearly 530k rise in July nonfarm rolls, more than twice the median forecast in Bloomberg's survey, and a new cyclical low in unemployment (3.5%) lent credibility to their arguments. If Q3 data point to a growing economy, additional support will likely be...

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AUDUSD stays above key MA support level. What is giving the pair a boost?

2022-08-12

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The AUDUSD moved above the 100 day MA on Wednesday for the first time since June 8th, but the momentum could not be sustained. Yesterday, the price move back above the moving average level and has been able to stay above despite a dip back lower today. The low prices today tested the 100 day moving average on 2 separate occasions, and each found support buyers. Traders are leaning. See why in this video.

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The USD is moving higher in US trading. What are the key drivers in the FX markets today?

2022-08-12

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In today's morning video, I look at the EURUSD, USDJPY, GBPUSD, NZDUSD and USDCHF and explain the trading bias, the risk, targets and levels in play. The EURUSD is heading back into the trading range after the break higher this week shows signs of failing. The USDJPY is back up testing its 100 and 200 hour MA. Key barometer going forward. The GBPUSD is below its converges 100/200 hour MAs tiling the bias back to the downside. The NZDUSD is...

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Heading into the Weekend, Dollar’s Downside Momentum Stalls

2022-08-12

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2022-08-12

Overview: The markets are putting the finishing touches on this week’s activity. Japan, returning from yesterday’s holiday bought equities, and its major indices jumped more than 2%. China, South Korea, and Australia struggled. Europe’s Stoxx 600 is firmer for the third consecutive session. It is up about 1.3% this week. US futures are also firmer after reversing earlier gains yesterday to close lower on the day. The US 10-year yield is flat near...

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US Dollar Soft while Consolidating Yesterday’s Drop

2022-08-11

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2022-08-11

Overview: The US dollar is consolidating yesterday’s losses but is still trading with a heavier bias against the major currencies and most emerging market currencies. The US 10-year yield is soft below 2.77%, while European yields are mostly 2-4 bp higher.

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Bitcoin can’t work it’s way above all the key upside targets

2022-08-11

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The price of bitcoin traded higher again today, but has stalled the run to the upside ahead of other key targets including the 50% retracement of the recent move lower and the key 100 day MA. As a result, the crypto winter thaw is still in jeopardy.

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USDCAD falls below the 50% and 200 day MA

2022-08-11

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The sellers are making a play on the break of the 50% and 200 day MA in the USDCAD in early NA session trading.

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VIDEO:The USD is keeping a negative bias after PPI data.What technical levels are in play?

2022-08-11

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The US PPI came in lower than expected which is helping to keep the USD down. In the morning video, I take a look at the 3 major pairs vs the USD (EURUSD, USDJPY and GBPUSD) and outline the bias, the risk and the targets for each.   Good fortune with your trading.

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Bitcoin runs higher with risk on sentiment. What are the upside hurdles that lie ahead?

2022-08-10

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A technical look at Bitcoin after a run higher today off the back of lower CPI and risk on sentiment.

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Is it All Really about Today’s US CPI Print?

2022-08-10

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2022-08-10

Overview: The US dollar is trading with a heavier bias ahead of the July CPI report. The intraday momentum indicators are overextended, and this could set the stage for the dollar to recover in North America.

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US Dollar Offered but Stretched Intraday

2022-08-09

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2022-08-09

The US dollar is trading heavily against all the major currencies, led by the Norwegian krone and euro. Emerging market currencies are also firmer. However, risk-appetites seem subdued. Even though most large bourses in Asia Pacific advanced but Japan and Hong Kong, European markets are nursing small losses and US futures are little changed. 

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Dog Days

2022-08-08

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2022-08-08

The dog days of August for the Northern Hemisphere are here and the capital markets are relatively subdued. Equities are firmer. The notable exceptions in Asia was China, Hong Kong, and Taiwan. The MSCI Asia Pacific Index has advanced for the last three weeks.

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Inflation

2022-08-06

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2022-08-06

(Traveling and unable to provide a technical overview this week.) Rising price pressures, stronger and more persistent than generally expected, has been the main challenge for consumers, businesses, and policymakers. It will stay top of mind in the week ahead as both the world's two largest economies, the US and China, report July consumer and producer prices.  During the Great Depression, the central governments discovered their balance sheets,...

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Downside Risks to the US Employment Report?

2022-08-05

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2022-08-05

Overview: The US dollar enjoys a firmer bias against the major currencies ahead of the July employment data. Emerging market currencies are mixed. Asian currencies are generally firm while central Europe is a bit softer. Some detect a relaxation in tensions around Taiwan, though China’s aerial harassment continues. Taiwanese shares jumped 2.25% to lead the region that saw China’s CSI 300 rally over 1%. Europe’s Stoxx 600 is giving back yesterday’s...

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Bitcoin technical analysis 05 Aug 2022

2022-08-05

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BTCUSD is in the middel of the presented regression channel and traders seem to be waiting for the next move. See also Bitcoin traders are battling it out in the short term. Find out why in this video. https://www.forexlive.com/Cryptocurrency/bitcin-traders-are-battling-it-out-in-the-short-term-20220804/ ETHUSD technical analysis @ 1663.27 on 05 Aug. Will the bull flag be broken to the upside? -frxYQ

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