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.
My articlesMy offerMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaAmazon
Filter archive by: Show All Show only Articles Show only Videos

Do you need a technical look at the GBPUSD? Here it is.

2023-07-06

by

The GBPUSD buyers made a play earlier, but the ADP changed that idea

Read More »

USDCAD runs higher to test the 38.2%, but backs off. What next?

2023-07-06

by

In this video, we analyze the recent price action of USDCAD as it runs higher to test the 38.2% Fibonacci retracement level but faces selling pressure. The key level of 1.33213, representing the 38.2% retracement of the move down from the May 25 high, was briefly broken before sellers reentered the market. Join us as we discuss the significance of this price development and explore potential scenarios for the USDCAD going forward. Will the...

Read More »

USDJPY bounces higher after much stronger ADP jobs. Yields surge.

2023-07-06

by

Join us as we discuss the recent price action of USDJPY, which experienced a bounce higher following the release of much stronger ADP jobs data and a surge in yields. The pair has entered a neutral area, trading between the 100-hour and 200-hour moving averages. In this video, we analyze the implications of the positive economic data and rising yields on the USDJPY, exploring potential trading opportunities within this neutral zone.

Read More »

Yen and Yuan Lead Move Against the Dollar

2023-07-06

by

2023-07-06

Overview: Stocks and bonds ae selling off today. The greenback is also trading heavily. Ironically, the yen is the strongest among the G10 currencies and the Chinese yuan is the strongest among emerging market currencies. The dollar is firmer against the Scandis and Canadian dollar. Most emerging market currencies, including the Mexican peso, which traded at its best level yesterday since 2015. While nearly all the bourses but India fell in the...

Read More »

S&P 500 Technical Analysis

2023-07-06

by

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

Read More »

AUDUSD lower on the day after squeeze higher post RBA decision yesterday stalls

2023-07-05

by

In this video, we analyze the recent price action of AUDUSD, which experienced a lower movement following a failed breakout after the RBA decision. The pair's upward momentum yesterday faltered as it encountered resistance at the 100-day and 200-day moving averages around the 0.6693 level. Join us as we discuss the significance of this price development and explore the potential implications for AUDUSD going forward. Gain valuable insights into...

Read More »

GBPUSD buyers try to take more control. Find out what is key for the buyers to keep going

2023-07-05

by

Join us as we discuss the recent price action of GBPUSD, where buyers are attempting to gain more control over the pair. In this video, we explore the significance of the 200-hour moving average, which played a crucial role in halting the recent downward movement. Discover the key levels that buyers need to maintain and surpass to sustain their momentum. We delve into potential support and resistance levels, trendlines, and market dynamics that...

Read More »

USDJPY sellers break below a key hourly MA for first time since June 14

2023-07-05

by

In this video, we analyze the recent price action of USDJPY as sellers successfully break below a significant 200-hour moving average for the first time since June 14. Join us as we discuss the implications of this breakthrough and explore whether the sellers can maintain the pressure on the pair. We delve into potential support and resistance levels, trendlines, and market dynamics that can provide valuable insights into the future direction of...

Read More »

EURUSD range trading with some common technical levels defining the range

2023-07-05

by

In this video, we analyze the current price action of EURUSD, which has been range trading with common technical levels defining the boundaries. The rally is limited by the presence of the 200-hour moving average, acting as a resistance level, while the downside is supported by the 38.2% Fibonacci retracement level. Join us as we discuss the significance of these technical levels and their impact on the range-bound movement of EURUSD. We explore...

Read More »

Sobering PMI Readings Sap Risk Appetites

2023-07-05

by

2023-07-05

Overview: As US markets prepare to re-open from yesterday's holiday, the dollar is trading mostly higher, though the euro and yen are steady to slightly firmer. Narrow ranges are prevailing. The Canadian and Australian dollars are exceptions and are off about 0.3%. Emerging market currencies are mostly lower, including Russia, China, South Africa, and Turkey. Final service and composite PMIs were mostly revised lower in Japan, Australia, and the...

Read More »

GBPJPY Technical Analysis

2023-07-05

by

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

Read More »

What Happened Today

2023-07-04

by

2023-07-04

The US dollar was mostly softer. The New Zealand dollar was the strongest (~0.85%) helped by cross rate gains against the Australian dollar, following the RBA’s decision to stand pat. The Australian dollar fell to one-month lows below NZD1.08. There is scope for another 0.5%, or so to the next target near NZD1.0750. The RBA’s decision to leave its cash target at 4.10% was not surprising, and despite the hawkish rhetoric, the market downgraded the...

Read More »

EURUSD Technical Analysis

2023-07-04

by

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

Read More »

AUDUSD traders using moving averages to define boundaries today

2023-07-03

by

200 hour moving average, 200 day moving average, and 100 day moving average all tested on the topside. The 100 hour MA (and swing area) stalled the fall.

Read More »

What is key technically for the USDJPY as the new week begins

2023-07-03

by

A key level on the USDJPY held support on Friday and earlier today. The technical level will be a key barometer at the start of the trading week.

Read More »

EURUSD bias tilts marginally in the sellers favor to start the trading week

2023-07-03

by

The EURUSD is trading with a small negative bias in the short term to start the new trading week. The pair is trading below the 100/200 hour MAs today, giving the sellers the advantage. It will take a move above to tilt the bias more to the upside.

Read More »

The Greenback Starts H2 on a Firm Note

2023-07-03

by

2023-07-03

Overview: The dollar is recovering from the month-end losses seen at the end of last week. Only the New Zealand dollar among the G10 currencies is holding its own. Japanese reports indicate that Tokyo is in contact with the US Treasury about intervention, which is injecting a note of caution as the greenback holds below JPY145.00. Chinese officials also appear to be stepping up their efforts to stabilize the yuan. Among emerging market currencies,...

Read More »

S&P 500 Technical Analysis

2023-07-03

by

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

Read More »

July 2023 Monthly

2023-07-01

by

2023-07-01

Price pressures remain elevated but economic momentum slowed as Q2 wound down. Many market participants think this poses a dilemma for policymakers and are skeptical that the hikes signaled will be delivered because of economic weakness or financial strains. These developments are thought to limit the tightening cycle before the inflation genie can be stuffed back into the bottle.Yet, this may underestimate the resolve of most of the major central...

Read More »

EURUSD technical update: The EURUSD fails above 200 hour MA

2023-06-30

by

Is the market more balanced?

Read More »