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.

AUDUSD sellers are more in control. Close risk is the 61.8% on daily and 100 hour MA

Uncover the crucial levels shaping the AUDUSD's trading landscape in this insightful analysis. Learn how the 61.8% Fibonacci retracement of the range from the 2022 low, located at 0.65468, and the 100-hour moving average at 0.6552 play a pivotal role in influencing the AUDUSD's direction. Stay tuned as we delve into the implications of staying below these levels, potentially leading to a more bearish sentiment for the AUDUSD.

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GBPUSD trades between its 100 and 200 hour MAs.

Dive into the intricate dynamics of the GBPUSD trading pair in this comprehensive analysis. Explore the current situation where GBPUSD is positioned between its 100 and 200-hour moving averages, resulting in a neutral technical bias in the short term.

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The USDJPY buyers need to break above 143.54 to increase the bullish bias. Watch to understand why.

Join us as we delve into the dynamics of the USDJPY trading pair. In this video, we analyze the crucial resistance level at 143.54 that USDJPY buyers need to breach to strengthen the bullish momentum. Discover the factors behind this pivotal point and gain insights into the potential impact on the pair's future price movements.

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For the EURUSD in trading today it is above the 100 hour MA above and the 100 day MA below

Dive into the latest developments of the EURUSD trading pair with our comprehensive analysis. In today's trading session, the EURUSD is positioned above the 100-hour moving average (MA) and below the 100-day MA. While short-term sellers retain some influence, the focus remains on the critical 100-day MA as a potential turning point.

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Risk Appetites Squashed by Weak Chinese Imports/Exports and Moody’s Downgrade of 10 US Banks

Overview: The combination of falling Chinese imports and exports, Moody's downgrade of ten US small and medium-sized banks is serving to squash risk appetites. Equities are weak, but bond markets are strong despite the surprise tax on Italian banks announced yesterday and the kick-off of the US $103 bln refunding today. Outside of Japan and Australia, Asia Pacific equity markets were lower led by a 1.8% drop in the Hang Seng and a nearly 2.2% loss...

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EURUSD Technical Analysis

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

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Canada was on holiday on Monday but that did not stop the USDCAD from reaching a key level

While Canada observed a holiday on Monday, the USDCAD managed to reach a significant milestone by testing its 100-day moving average (MA). The currency pair encountered willing sellers at this crucial level, resulting in a price retreat. Now, the question arises: What lies ahead for the USDCAD? In this analysis, we closely examine the USDCAD's price action, discuss the implications of the test of the 100-day MA, and explore potential scenarios for...

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Forex quick look at the EURUSD, USDJPY, GBPUSD and AUDUSD to start the Asian session

As the Asian trading session begins, join us for a rapid yet insightful overview of key levels and trends in some major currency pairs. We focus on the EURUSD, USDJPY, GBPUSD, and AUDUSD, highlighting the technical levels that are poised to influence these currency pairs as they head into the new trading day. In this quick analysis, we discuss support and resistance levels, potential breakout points, and market sentiment cues. Stay informed and...

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Dollar Comes Back Bid

Overview: The US dollar is recovering today after it was sold following the jobs report before the weekend. It is enjoying a firmer bias against nearly all the G10 currencies. The dollar-bloc is faring best, while the Scandis are off close to 0.5%. Most emerging market currencies are also softer, with only a few Asian currencies edging higher today, including the South Korean won, Indian rupee, and Taiwanese dollar. With a stronger dollar and...

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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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AUDUSD buyers are making a play with a test of the 100 hour MA

The AUDUSD is currently experiencing a dynamic tug-of-war as buyers make a notable play by testing the 100-hour moving average (MA). The pivotal question arises: Can buyers successfully drive the price above the MA and maintain their position, or will sellers exert their influence and push the pair back lower? In this analysis, we closely examine the ongoing battle between buyers and sellers in the AUDUSD, discuss the significance of the 100-hour...

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The biggest mover to start the week is the USDCHF. What technical levels are in play?

Kicking off the trading week, the USDCHF takes the spotlight as one of the most significant movers. Presently, the currency pair is navigating between critical hourly moving average (MA) levels, shaping its price action dynamics. In this analysis, we closely examine the USDCHF's performance, discuss the importance of the key hourly MA levels, and explore potential scenarios for the currency pair's movements as the week unfolds. Stay informed and...

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USDJPY trades near MA/retracement support to start the trading week

As the new trading week unfolds, the USDJPY currency pair is showing notable price action near crucial technical levels. The 200-hour moving average (MA) and the 38.2% retracement of the most recent upward move are currently providing support for the pair. In this analysis, we closely examine the USDJPY's price movements, discuss the significance of the 200-hour MA and retracement level, and explore potential scenarios for the currency pair's...

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Week Ahead: Is the Dollar’s Run since Mid-July Over?

The US and China report July CPI figures in the coming days and they are likely moving in opposite directions. Headline US CPI is likely to rise for the first time since peaking in June 2022. China's CPI has been slowing and is likely to go negative on a year-over-year basis. It finished last year at 1.8% and in June was unchanged year-over-year. The divergence of policy is what is driving force of the exchange rate, and the    question is not...

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End of week technical look at the EURUSD as we head toward a new trading week

EURUSD back above 50% midpoint on daily chart and moving away from 100 day MA too

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GBPUSD ending European session near highs. Short term bias shows buyers “in play”.

End of week technical view of the GBPUSD as the clock ticks to close for the trading week.

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ForexLive Video: AUDUSD breaks higher but upside move is fading

The 100 hour MA and swing area was broken but seeing a rotation back to the downside

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USDCHF falls with the USDs decline after jobs

The USDCHF looks to test the 200 hour MA

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Some key technical levels in the USDJPY, EURUSD and USDCAD ahead of the jobs reports

The US and Canada to release jobs reports at 8:30 AM ET

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US Jobs Report and OPEC Statement Featured Ahead of the Weekend

Overview: The capital markets are calmer today but the US (and Canadian) jobs data stand in the way of the weekend. While equity markets are firmer, the rise in yields continues with new highs for the week being recorded today. European benchmark yields are 2-3 bp higher and the US 10-year Treasury yield is approaching 4.20%. Most of the large market in the Asia Pacific region advanced, but South Korea and Taiwan where the superconductor...

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