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.

DAX Technical Analysis and a contrarian trade idea as it breaks the historic 2021 and 2022 lows!

DAX is a German stock market index that includes 40 of Germany's largest blue chip businesses listed on the Frankfurt Stock Exchange. This is a contrarian trade idea as the COVID crash low is broken! Entry price for this DAX Long, if all 3 orders get filled, is: 12355 See more at: https://www.forexlive.com/technical-analysis/buy-dax-after-it-just-broke-the-historic-covid-low-20220705/ Correction to the chart in the video: The price levels are not...

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Dow Jones Today, 20 minutes before the market open! July 2022

For today (05 July, 2022), this technical analysis applies ONLY IF AND WHEN Dow Jones crosses up 30650 after the market open. It can also apply for swing traders that would like to consider a Long, but only if and after Dow Jones futures (YM) closes a 4 hour candle above 30650 Credit Suisse slashed its end of year target for the S&P, which expedited selling today We wait for Dow Jones to cross up 30650, and it it will do so, we then offer to...

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The Dollar Jumps and the Euro Slips under $1.03

Overview: The dollar is soaring today, and the euro is trading at new 22-year lows having traded below $1.03. Even a 50 bp hike by the Reserve Bank of Australia has failed to prevent a sharp drop in the Australian dollar.

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Nasdaq Technical Analysis, 05 July

Nasdaq futures rose apx. half a percent and is now stalling close to the VAH and PoC of the range. Watch the daily technical analysis video for a trade ideas. See more on https://www.forexlive.com/technical-analysis/nasdaq-index-technical-analysis-for-mid-to-end-of-june-2022-20220617/

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S&P 500 Emini Futures Technical Analysis, 05 July

Bulls are still looking fair to stage a reversal up. We draw the volume profile of the current price range and set stops and take profits according to price levels that take it into account and the recent candle high and lows. Furthermore, the reward vs risks of the trade ideas are mentioned.

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Dow Jones Technical Analysis, 05 July

Bias continues to be bullish, following our analysis yesterday for the Nasdaq futures. We offer a trade idea to consider based on the volume profile, the past days' candles and a possible measured move.

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What Happened Today in a Few Bullet Points

1. The most important thing to appreciate is that the market has moved to price not one but two cuts next year.  The first is priced into the September Fed funds futures and the second is in the Dec Fed funds futures. 

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Macro and Prices

(Combining the weekend macro commentary and price action review in one note.  Check out the July monthly.) Three economic reports highlight the week ahead:  Japan's labor cash earnings at the start of the week and the US employment report and China's CPI at the end of the week.

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Stocks Hit as Central Banks Brandish Anti-Inflation Efforts

Overview: Central banks are committed to combatting inflation even as the economies weaken. This is taking a toll on investor sentiment and is dragging down equities.

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Spanish Inflation Shocks

Overview: The sharp sell-off in US equities yesterday, led by tech, is weighing on today’s activity. Most of the large Asia Pacific markets excluding Japan and India lost more than 1% today.

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No Turn Around Tuesday

Overview: The global capital markets are calm today. Most of the large bourses in the Asia Pacific extended yesterday’s gain. Europe’s Stoxx 600 is advancing for the third consecutive session and is near two-and-a-half week highs.

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Russell 2000 Futures (RTY) Technical Analysis for 27 June, 2022, RTY1! 1769.3 ▲ +0.43%, Bullish

Bullish reversal still seems in tact for Russell 2000 futures according to this tecnical analysis showing volume profile and the current bull flag presented.

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Consolidation in FX Featured

Overview: The strong equity market rally seen at the end of last week is carrying into today’s activity. Most of the large markets in Asia Pacific rose by at least 1%.

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Nasdaq Futures (NQ) Technical Analysis for 27 June, 2022

Nasdaq futures current patterns in market data, identified trends and predictions. Last update: 27 June 2022. Good till end of July 01, 2022.

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Fedex Stock (FDX) Technical Analysis

FedEx Corporation stock's current patterns in market data, identified trends and predictions. Last update: 27 June 2022.

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ForexLive Video



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The Dollar: Don’t Get too Far Ahead of the Story

The most important development in foreign exchange probably took place in the interest rate market last week. A series of disappointing US economic data and the Fed's "unconditional" commitment to rein in inflation have heightened concerns that economic weakness will limit the Fed's ability to hike rates. 

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The End Game Approaches

The pendulum of market sentiment swings dramatically.  It has swung from nearly everyone and their sister complaining that the Federal Reserve was lagging behind the surge in prices to fear of a recession.

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Risk Appetites Improve Ahead of the Weekend

Overview: Equities are higher and bonds lower as the week's activity winds down. Asia Pacific markets rallied, paced by more than 2% gains in Hong Kong and South Korea.

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S and P Technical Analysis for 24 June and the week ahead

Looking for ES to reach the close area of 3900 which is the top of the potential range. Profit partial takers will be attracted to sell there, if it gets there, IMHO. We are stll building a base for a bullish reversal in the medium term, but watch your entry price as we are getting to the top of the potential range and you may want to bet that you can get a more attractive lower entry price during next week. For more technical analysis including...

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