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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AAPL trade plan post earnings Q4 2022 weighted average entries – Google Sheets

2022-10-29

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This is a supplement video explaining one advanced way to scale into a buy of Apple stock, part of the stock price forecast at The method includes heavier buying as the price declines, a stop loss and take profit target with a note that buyers can consider taking partial profit (eg, 50%) if the target is reached.

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RBA, FOMC, BOE Meetings Featured while the Greenback’s Recovery can be Extended

2022-10-29

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2022-10-29

The week ahead is important from a macro perspective. The data highlights include China's PMI, eurozone preliminary October CPI and Q3 GDP, and the US (and Canadian) employment reports. In addition, the Federal Reserve meeting on November 2 is sandwiched between the Reserve Bank of Australia meeting and the Bank of England meeting.

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The technicals are having a profound impact in the major currency pairs today.Find out why

2022-10-28

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Being in tune with the rhythm of the markets is just as important as a musician's instrument being in tune with the orchestra's instruments. If you are not in tune, you will not do well in your trading/sound well in your orchestra.  In the morning technical report, I look to get you in tune with the technicals that are driving the markets and show why. So take a few minutes to get in tune with the market.

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BOJ Doesn’t Surprise, but EMU does with October CPI and Q3 Growth

2022-10-28

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2022-10-28

Bonds and stocks are being sold ahead of the weekend.  Poor corporate earnings and higher inflation in Japan and Europe are weighing on sentiment.  The dollar is mostly higher. Hong Kong and mainland China led large Asia Pacific markets lower.  India and Singapore were notable exceptions.

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EURUSD moves toward session low. What next?

2022-10-27

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The 0.99515 level in the EURUSD is being eyed as the next downside target. Close risk is now the parity level at 1.0000. Say below would be the best news for the sellers now.

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The EURUSD trades above and below the parity level as the market digests the ECB rate move

2022-10-27

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The EURUSD, USDJPY and GBPUSD are analyzed in the morning forex technical report. The ECB raised rates by 75 basis points as expected, but the bias is lower. The EURUSD is trading above and below the parity level with support target at 0.9951. ON the topside, the 100 day MA did a good job of stalling the rise at 1.0088. It would take a move above that level to give the buyers more control. Right now the sellers are more in control in the short...

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Dollar Slump Stalls Ahead of ECB Meeting

2022-10-27

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2022-10-27

The dollar’s recent losses have left it stretched on a near-term basis after today’s ECB meeting, the focus will shift to the Federal Reserve, next week’s meeting, and the employment report. The greenback is trading with a firmer bias against the G10 currencies, while the emerging market currencies are more mixed.

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AUDUSD runs higher but runs into some MA resistance. Can the buying continue?

2022-10-26

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The AUDUSD ran up to some MA resistance at the 200 bar MA on the 4-hour chart, but failed on the first look. What now?

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The USD is moving lower but seeing a little of a rebound in early NY trading. What next?

2022-10-26

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Bank of Canada rate decision on tap. The 1.3500 level defined a low. What about the upside ahead of the rate decision. The USD moved lower vs the major currency pairs: - EURUSD moved to the highest levels since September 19 and back above the parity level. The price has rotated back down to the parity level. Do buyers stall the fall and continue the upside run.  What are the charts saying? - GBPUSD is also higher on the day and rotated above...

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Dollar Slumps, Yuan Rallies by Most this Year amid Intervention Talk

2022-10-26

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2022-10-26

Overview: The US dollar is having one of toughest days of the year. It has been sold across the board and taken out key levels like parity in the euro, $1.15 in sterling, and CAD1.36. The Chinese yuan surged over 1%. Chinese officials promised healthy bond and stock markets.

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USDJPY cracks lower but having trouble staying below the 50% retracement

2022-10-25

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USDJPY needs to stay below the 50% retracement level at 147.727

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The morning forex technical report for October 25, 2022 looks at 4 major currency pairs

2022-10-25

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In the morning forex technical report, Greg Michalowski looks at 4 major currency pairs vs the USD.

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DAX technical analysis: Key prices to watch

2022-10-25

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The German DAX is consolidating, possibly before the next attempt to break out up. Watch these key levels and visit ForexLive.com for additional technical analysis perspectives.

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Consolidative Tuesday

2022-10-25

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2022-10-25

Overview: The yen and sterling are trading quietly after the recent drama, but with the Party Congress ending, the Chinese yuan has been permitted to fall faster. It approached the 2% band today and its loss of about 0.65% today makes it the weakest among the emerging market currencies.

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Boeing (BA) technical analysis: Looking good for Q3 2022 earnings

2022-10-25

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ForexLive.com technical analysis of Boeing stock showing the volume profile on the weekly and timely timeframe and showing signs that the next earnings report may be good for Boeing. Watch price levels within the video and visit https://www.forexlive.com/technical-analysis for additional perspectives.

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The morning forex technical report for October 24, 2022

2022-10-24

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A quick look at the EURUSD, USDJPY, GBPUSD and USDCAD to start the trading week. The EURUSD is finding support near the 100 hour MA keeping the bias in the favor of the buyers despite the declines from Friday's trade and the early Asian session run to the upside. The USDJPY moved sharply lower on BOJ intervention. The price moved down to a low of 145.45 before snapping back higher toward the 200 and 100 hour MA. The pair trades between those MAs...

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BOJ Injects More Volatility, while UK’s Tory Party Leadership Contest may be Over Today

2022-10-24

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2022-10-24

Overview:  Japanese efforts to curb the weakness of the yen provided drama today. What many suspect was intervention before the weekend was wearing off and officials may have sold dollars again today in front of JPY150.

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Russell 2000 technical analysis: Bulls looking fine.

2022-10-23

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Russell 2000 is the most used benchmark for "small-cap" mutual funds, whereas S&P 500 is used for large-cap equities. It's the most-quoted gauge of small- to mid-cap stock performance. Because it focuses on small-cap U.S. enterprises, it's considered an economic indicator. Bulls are looking good for the week starting 24 Oct and before the most important earnings week of the 4th quarter of 2022, where Amazon, Google, Apple,...

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Platinum Futures Technical Analysis: Looking Strong.

2022-10-23

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The World Platinum Investment Council forecasts that China will soon commence mass production of fuel cell electric cars, which is positive for the price of the white metal. Fuel cell electric cars (FCEVs) offer the zero-emission mobility that the world so sorely needs to help battle catastrophic climate change. China is set to become a dominant market for platinum-using fuel cell electric vehicles (FCEVs), which provide the zero-emission...

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Macro and Prices: The Week Ahead

2022-10-22

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2022-10-22

There are five macro highlights in the week ahead. After providing a thumbnail sketch of them, we will look more closely at the price action of the leading dollar-pairs. We suspect that the dollar is in the process of carving out a top amid ideas that a 5.0% terminal Fed funds rate is discounted.

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