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.

Bond Rally Continues, Greenback Consolidates with Softer Bias

Overview: The main development in the capital markets is the decline in yields. In Europe, benchmark 10-year yields are off 7-11 bp today, extending the move that began last week. The 10-year Germany Bund yield peaked last Thursday near 2.68% and is near 2.40% now. Similarly, the 10-year Italian yield has fallen from 4.42% to below 4.05% today. The 10-year US Treasury yield fell in five of the last six sessions and is off almost five basis points...

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USDCAD rotates back below the 100 hour MA tilting the bias back to the downside. Bearish.

The USDCAD has rotated back below the 100-hour MA tilting the bias back to the downside. Bearish. The USDCAD 100 hour MA is at 1.3184 area. That is a key barometer going forward.

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AUDUSD has a unique symmetry on the hourly chart. Want to know what it looks like?

The AUDUSD broke 100 hour MA but retracement levels could not be broken

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The GBPUSD corrects to the downside. The rising 100 hour MA is catching up to the price.

Join us as we analyze the recent correction in GBPUSD, which has moved to the downside. The rising 100-hour moving average (MA) is now catching up to the price, providing a significant level to monitor. In this video, we discuss the implications of the correction, highlight the importance of the rising 100-hour MA at 1.30357, and explore whether the price can potentially move towards this key level.

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EURUSD is stuck in the mud. A 35-pip trading range begs for a range extension. ForexLive Video

In this ForexLive video, we delve into the current trading dynamics of the EURUSD pair, which has been stuck in a tight 35-pip trading range. Despite recently reaching a new high not seen since February 2022, the pair's lack of significant movement begs the question of whether a range extension is imminent. Join us as we analyze the potential scenarios for the pair, discuss key technical levels to watch, and provide insights into possible trading...

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USDJPY rebounds to 100 hour MA and swing area. Shows some signs of buying interest.

Join us as we analyze the recent price action of USDJPY, which has rebounded and is currently testing the key 100-hour moving average (MA) at 138.83. Additionally, the swing area up to 139.00 is identified as the next target for the pair. In this video, we discuss the potential implications of this rebound, highlight the importance of the 100-hour MA, and provide insights into potential buying interest in USDJPY.

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Euro Edges Higher

Overview:  The US dollar has mostly steadied at the start of the week after last week's sharp losses. The yen, euro, and Swiss franc are enjoying a firmer tone, but only the euro has thus far extended last week's gains, and then, only marginally. Uninspiring data from China pressed the yuan lower, while the firm euro is helping the central European currencies. A typhoon shut Hong Kong markets and Japan's markets were closed for a national holiday....

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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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Week Ahead: For the Millionth Time, Markets Exaggerate

After experiencing one of its worst weeks of the year, the US dollar is stretched from a technical point of view while the short-term interest rate adjustment has gone as far as it can without resurrecting ideas of a Fed rate cut this year. Given the lighter economic calendar in the coming days, we suspect that the greenback may consolidate ahead of the FOMC meeting that concludes on July 26. The derivatives market shows that a quarter-point hike...

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WTI crude oil futures settle at $75.42. What are the technicals saying going into the new week.

The price of crude oil is settling down -$1.47 or -1.91%, after finding resistance at a key daily MA on Thursday and ang on Friday. What did that do to to the technical picture going into the new trading week.

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The USDCAD turns more neutral technically heading into the new trading week

For the week starting July 17, the USDCAD is more neutral at least in the short term The price is back above the 100 hour MA and the 38.2%. Both tilt the bias a little more to the upside if they can hold. On the topside the 200 hour MA still looms as resistance.

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The USDCHF made a break to the lowest level since January 2015 this week. That’s important

The USDCHF fell sharply this week. The fall took the price below 0.87568 the lowest level in over 8 years. What next going into the new trading week for the pair?

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AUDUSD comes off the boil (to the upside) and corrects lower today

The AUDUSD tested the 61.8% and the swing high from June, but found sellers.

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USDCAD corrects to the upside toward the falling 100 hour MA. What next?

USDCAD corrects to the upside toward the falling 100 hour MA. Earlier, the price of the USDCAD moved back above the 50% midpoint of the move up from the October 2021 low at 1.3132. That level is now key support again.

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USDJPY corrects higher to broken 38.2% retracement level at 139.176. Battles is on now.

The USDJPY bottoms near the 50% retracement of the move up from the March 2023 low, and the 200 day moving average

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GBPUSD trades lower today after strong gains this week

GBPUSD consolidates just under the low of a target on the daily chart near 1.31465.

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EURUSD consolidates strong gains this week.

In this analysis, we examine the EURUSD's impressive performance this week, consolidating substantial gains. The pair have recorded a 2.3% increase, marking the largest weekly gain since November 2022. Join us as we delve into the factors driving this significant rise, explore key technical levels, and discuss the implications for traders.

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After Dramatic Week, Capital Markets are Stabilizing

Overview: After tumbling headlong this week, the dollar appears to be broadly consolidating ahead of the weekend Among the G10 currencies, the Canadian dollar's 1.2% gain is the least and it made new 10-month highs earlier today The beleaguered Scandis soared The Norwegian krone's 6.6% advance followed by the Swedish krona's 5.8% surge led the major currencies The Dollar Index is off about 2.4% this week ahead of the North American session It is...

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