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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Killing two birds with one stone: A technical early week look at the EURUSD and USDJPY

2023-07-10

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In this video, we conduct a technical analysis of both EURUSD and USDJPY pairs, providing an early-week overview of their price action. Both pairs have experienced up-and-down movements as the trading week commenced. Join us as we examine key technical levels, support and resistance areas, and chart patterns that have influenced the price action of EURUSD and USDJPY.

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The GBPUSD falls toward 100 hour MA and swing area to start the trading week | ForexLive Video

2023-07-10

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In this ForexLive video, we take a close look at the first price change of GBPUSD as the trade week starts. The pair has gone down and is close to a big swing area and the 100-hour moving average. We talk about how important these levels are and how they could affect how the price of the pair changes. We also talk about how GBPUSD got into trouble at the June high on Friday, which caused a drop in today's trading session.

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The Greenback Stabilizes After Pre-Weekend Drop

2023-07-10

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2023-07-10

Overview: The US dollar is mostly firmer after selling off hard before the weekend in response to the jobs data. Ranges are mostly narrow, but the Australian and New Zealand dollars are the heaviest following news of China's deflation. Emerging market currencies are mixed, but of note the liquid, freely accessible currencies, South African rand, Hungarian forint, and Mexican peso are atop the leader board. Despite repeatedly lower US dollar fixes...

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Russell 2000 Technical Analysis

2023-07-10

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Here's a quick technical analysis on the Russell 2000 with some fundamental background. For more visit ForexLive.com

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Week Ahead: Is the Dollar’s Downtrend Resuming?

2023-07-08

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2023-07-08

The dollar appears at an inflection point. Its failure to draw much traction even as US rates rose may be an important tell. The US 2-year yield rose to a new multiyear high near 5.12%, while the 10-year yield set a new high for the year around 4.09% after the employment report. The dollar's broad gains in the second half of last month looks corrective. The underlying downtrend, which we argue began last September and October, looks set to resume....

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USDJPY extends below its 38.2% retracement level and lower swing area.

2023-07-07

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The USDJPY trades at the lowest level since June 22. The range for the day is up to 210 pips well above the 22 day average at 109 pips.

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USDCHF remains in an up and down trading range but with a bearish bias. Here is why.

2023-07-07

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A technical look at the USDCHF as it plods along within a 116 pip trading range. Find out the technicals that are driving traders and this currency pair.

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The USD moved lower initially after the US jobs report but some downside limitation

2023-07-07

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A bounce back higher in the USD from session lows

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A look at the EURUSD key technical levels ahead of the US jobs report

2023-07-07

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The EURUSD stays below the 200 hour MA

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Yen Extends Recovery on Wage Data, Yuan Ticks Up Too

2023-07-07

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2023-07-07

Overview: A powerful short squeeze has lifted the yen by the most in two months this week. The dollar's push today below JPY143 was encouraged by the stronger than expected wage growth. The US jobs report will test its strength. The PBOC fixed the yuan sharply higher today and it is the only emerging market currency that is higher on the day, ahead of the Latam open. The dollar has not drawn much support for the surge in US yields. The 10-year...

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GBPUSD Technical Analysis

2023-07-07

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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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Through the upa and downs today, the EURUSD has defined key support/resistance levels

2023-07-06

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The ups and downs levels in the EURUSD may contain the price action before the jobs data tomorrow. Traders will then look for a break and run.

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Nasdaq and S&P indices move below 100 hour MAs. Can sellers keep the lid on the indices?

2023-07-06

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The short term bias shifts to the downside with the price moving below the 100 hour MA. Can the sellers stay in control?

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Do you need a technical look at the GBPUSD? Here it is.

2023-07-06

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The GBPUSD buyers made a play earlier, but the ADP changed that idea

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USDCAD runs higher to test the 38.2%, but backs off. What next?

2023-07-06

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In this video, we analyze the recent price action of USDCAD as it runs higher to test the 38.2% Fibonacci retracement level but faces selling pressure. The key level of 1.33213, representing the 38.2% retracement of the move down from the May 25 high, was briefly broken before sellers reentered the market. Join us as we discuss the significance of this price development and explore potential scenarios for the USDCAD going forward. Will the...

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USDJPY bounces higher after much stronger ADP jobs. Yields surge.

2023-07-06

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Join us as we discuss the recent price action of USDJPY, which experienced a bounce higher following the release of much stronger ADP jobs data and a surge in yields. The pair has entered a neutral area, trading between the 100-hour and 200-hour moving averages. In this video, we analyze the implications of the positive economic data and rising yields on the USDJPY, exploring potential trading opportunities within this neutral zone.

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Yen and Yuan Lead Move Against the Dollar

2023-07-06

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2023-07-06

Overview: Stocks and bonds ae selling off today. The greenback is also trading heavily. Ironically, the yen is the strongest among the G10 currencies and the Chinese yuan is the strongest among emerging market currencies. The dollar is firmer against the Scandis and Canadian dollar. Most emerging market currencies, including the Mexican peso, which traded at its best level yesterday since 2015. While nearly all the bourses but India fell in the...

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S&P 500 Technical Analysis

2023-07-06

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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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AUDUSD lower on the day after squeeze higher post RBA decision yesterday stalls

2023-07-05

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In this video, we analyze the recent price action of AUDUSD, which experienced a lower movement following a failed breakout after the RBA decision. The pair's upward momentum yesterday faltered as it encountered resistance at the 100-day and 200-day moving averages around the 0.6693 level. Join us as we discuss the significance of this price development and explore the potential implications for AUDUSD going forward. Gain valuable insights into...

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GBPUSD buyers try to take more control. Find out what is key for the buyers to keep going

2023-07-05

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Join us as we discuss the recent price action of GBPUSD, where buyers are attempting to gain more control over the pair. In this video, we explore the significance of the 200-hour moving average, which played a crucial role in halting the recent downward movement. Discover the key levels that buyers need to maintain and surpass to sustain their momentum. We delve into potential support and resistance levels, trendlines, and market dynamics that...

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