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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July 2023 Monthly

2023-07-01

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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...

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EURUSD technical update: The EURUSD fails above 200 hour MA

2023-06-30

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Is the market more balanced?

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USDCAD can’t extend above swing area resistance, and backtracks lower to 100/200 hour MAs

2023-06-30

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USDCAD 100/200-hour moving averages are at 1.3200 to 1.3215

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The AUDUSD moves above the falling 100 hour MA. First trades above since June 20

2023-06-30

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The 100 hour moving average is currently at 0.6646

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GBPUSD moves back above technical levels as USD falls. Back above key swing area.

2023-06-30

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Tests 200-hour MA at 1.27099

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USDJPY backs off from overbought levels. What now?

2023-06-30

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The USDJPY moves back toward key channel trend line and rising 100 hour MA

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EURUSD moves back into consolidation area. What do you need to watch today in the EURUSD

2023-06-30

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The EURUSD is back in the Red Box and tests the lower swing area

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Market Continues to Converge With Fed’s Forward Guidance

2023-06-30

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2023-06-30

Overview:  A key development in recent days has been the market's convergence with the Federal Reserve's forward guidance regarding scope for two quarter-point hikes in the second half. The US two-yield is up about six basis points today, extending yesterday's 15 bp increase. It is approaching 5%. The Fed funds futures strip implies one hike has been fully priced in and about a third of the next one. The dollar has risen against all the G10...

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GBPUSD Technical Analysis

2023-06-30

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

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I know. I know. I know. The USDJPY is overbought, but how do you trade it?

2023-06-29

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In this video, I outline how you can trade an overbought market.

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EURUSD sellers test the 38.2% target at 1.0867. What next?

2023-06-29

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The sellers are working the price lower...and back down to key retracement level. Can the sellers keep the momentum going now?

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AUDUSD consolidates below swing area resistance. 100 hour MA catching up to price.

2023-06-29

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Sellers more in control in the AUDUSD. How can you trade it?

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EURUSD bounces and tests a key short term resistance. Can the sellers stall the rally?

2023-06-29

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The swing area between 1.0886 and 1.0896 is being tested. Key short term barometer for the EURUSD pair.

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USDCAD buyers trying to push higher but fail at topside resistance target

2023-06-29

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The USDCAD moved above the 200-hour MA yesterday but stalled in a swing area target between 1.3271 to 1.32853. Today, the buyers pushed against that target again on two separate occasions and stalled on both tries. That helps to neutralize the buyer's bias. What next for the pair?

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USDJPY overbought but buyers are still in control

2023-06-29

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Trending markets can get overbought and stay overbought. That is the case with the USDJPY. It has been up 6 of the last 7 days (and up strongly in June), and the RSI on the daily is overbought, but trending markets can get overbought and overbought and overbought. Having said that the pair has a topside channel trend line along that could be a level to lean against. Also the low of a swing area on the daily chart. Both are near the 145.00 area....

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GBPUSD falls to support target at 1.2599. Can the price move below the target?

2023-06-29

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The better claims and GDP sends the USD higher and the GBPUSD lower. The price low has moved down to a downside target at 1.2599 (call it 1.2600). A move below that level is needed to increase the bearish bias technically today.

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EURUSD bias shifts back to the downside after better US data, but support still holding

2023-06-29

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The EURUSD value area low at 1.0867 to 1.0896. Needs to be broken and remain broken.

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PBOC Fixes Dollar Lower, but It Recovers Against the Yuan, Riksbank Hikes and Market Yawns

2023-06-29

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2023-06-29

Overview: The US dollar is narrowly mixed against the G10 currencies. Stronger than expected Australian retail sales helped steady the currency after the soft inflation data took it down. Sterling has also steadied after it suffered its largest loss yesterday (~0.9%) in over a month. Sweden's 25 bp rate hike has not given the krona much of a lift. Central European currencies lead the emerging market currencies higher, while the PBOC set the...

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S&P 500 Technical Analysis

2023-06-29

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

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For the AUDUSD, stay below 0.6652 in the new trading day

2023-06-28

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Sellers are in firm control below 0.6652 in the AUDUSD

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