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.
My articlesMy offerMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaAmazon
Filter archive by: Show All Show only Articles Show only Videos

VIDEO: USDJPY finds sellers near the 50% retracement. What next?

2023-01-09

by

A forex quick look at the USDJPY from a technical perspective. The USDJPY has seen a rotation lower in the first few hours of trading in the US session, and in the process, stayed below the 50% midpoint of the 2022 trading range at 132.70.

Read More »

Greenback’s Sell-off may Stall Ahead of Powell Tomorrow

2023-01-09

by

2023-01-09

Overview: Don't fight the Fed went the manta as the market took the US two-year yield back up to 4.50% in the aftermath of the FOMC minutes last week, the highest in over a month. The minutes warned of a premature easing of financial conditions. And then bam, softer than expected hourly earnings and a weak service PMI and bonds and stocks rallied, and the dollar was sold. This is a key part of the backdrop for this week, for which several Fed...

Read More »

Forex Trading to Beat Inflation? The Key Considerations

2023-01-09

by

2023-01-09

Inflation rates are continuing to rise across the globe, with the UK arguably leading this trend. More specifically, the UK inflation rate hit 10.7% in November, and while it dipped slightly from a peak of 11.1% in October, it remained considerably higher than the Bank of England’s target of 2%.

Read More »

Falling US Yields Stymie the Dollar’s Recovery

2023-01-08

by

2023-01-08

We have been torn between our conviction that the dollar's cyclical rally ended last September-October, and the near-term momentum indicators that warned that the dollar's pullback was overdone. Aside from the Japanese yen, a consolidative phase dominated December, but the momentum indicators still seemed to suggest upside potential dollar. 

Read More »

TRANSITION: The weekend forex technical report (and more) for the week of Jan 9, 2023

2023-01-08

by

There are a lot of transitions that are going on from a fundamental and technical perspective. In this weekend video, Greg Michalowski of Forexlive, talks about the transitions that are occurring in the economy, politics and in the markets in his weekend Forex technical report. Set yourself up to understand the dynamics in play and how you might benefit in your trading this week.

Read More »

Accessing Paper Trading in TradingView

2023-01-07

by

Paper trade futures with a trial account: It's the most critical component of your essay and procedure. Most brokerage companies provide free demo accounts so you may practice trading without risking your money. Before trading with real money, use this opportunity to test your trading technique and learn the market. You may also try TradingView's fantastic and straightforward paper trading, as seen here. Now some traders claim: Live trading...

Read More »

US CPI Featured and Why the Fed may Still Hike by 50 bp

2023-01-07

by

2023-01-07

The most important economic report in the week ahead is the US December Consumer Price Index on January 12. To be sure, the Federal Reserve targets an alternative measure, the deflator of personal consumption expenditures. However, in this cycle, when households, businesses, investors, and policymakers are particularly sensitive to inflation, CPI, which is reported a couple of weeks before the PCE deflator, has stolen the thunder.

Read More »

The morning forex technical report. The USD moves lower after the US jobs reportt

2023-01-06

by

The USD moved higher in anticipation of the US jobs report. That report showed wages were less of a concern with an increase of 0.3% versus 0.4% MoM. Moreover the prior month was revised lower from 0.6% to 0.4%. Good news. The not so good news for a rate perspective is the unemployment rate ticked down to 3.5% from 3.6% (revised from 3.7%). That puts the unemployment rate near full employment which has potential for what wage gains down the road....

Read More »

USD Stretched Ahead of Employment Report, while Yuan Jumps on Hopes of New Property Initiatives

2023-01-06

by

2023-01-06

Overview: The US dollar extended yesterday's gains as the market adjusts positions ahead of the jobs data. Yesterday and today's price action looks to have strengthened the near-term technical outlook for the greenback. However, the intraday momentum indicators are stretched. This warns of the risk of a counter-intuitive move after the data, barring a significant surprise. Meanwhile, one of the Fed's leading hawkish voices, St. Louis Fed President...

Read More »

Natural Gas technical analysis: Go Long, go big!

2023-01-05

by

An excelland spot to go Long (at your own discretion) at this amazing technical junction.

Read More »

The morning Forex technical report for January 5, 2023

2023-01-05

by

A technical look at some of the major currency pairs with the US dollar Click on the above video to watch the morning Forex technical report for January 5, 2023. IN the reported take a look at the lows and play for some of the major currency pairs versus US dollar including the EURUSD, USDJPY, GBPUSD, USDCHF, AUDUSD.

Read More »

The Market Appears to Shrug Off the Fed’s Warning

2023-01-05

by

2023-01-05

Overview: The US dollar is consolidating in a mixed fashion today. The FOMC minutes drew much attention but failed, at least initially, to spur a significant shift in expectations. The pricing in the Fed funds futures strip is still consistent with a cut later this year, which the minutes were clear, no officials anticipate. Today's US ADP jobs estimate, and November trade balance are being overshadowed by tomorrow's nonfarm payroll figures. The...

Read More »

S&P technical analysis for 05 Jan, 2023: Watch these simple price levels.

2023-01-05

by

What the bull and bear price levels.

Read More »

The morning forex technical report for January 4, 2022

2023-01-04

by

A look from a technical perspective at some of the major currency pairs vs the USD. The USD is lower in trading today, reversing some of the price action seen yesterday.

Read More »

Yesterday’s Gains Unwound may Make the Greenback a Better Buy Ahead of FOMC Minutes

2023-01-04

by

2023-01-04

Overview:  Yesterday's greenback gains have been mostly reversed today. New efforts by China in its property market and anticipation of more stimulus helped rekindle the animal spirits today. Asia and Europe shrugged off yesterday's losses on Wall Street and the rally in bonds continued. The 8-12 bp decline in European benchmark 10-year yields comes even though the final composite PMI was better than expected fanning hopes of a short and shallow...

Read More »

VIDEO: A technical look at the EURUSD, USDJPY and GBPUSD to start the trading day

2023-01-03

by

The USD rose vs the EUR and GBP but is dipping in early NY trading. Meanwhile the USD fell and is now rising vs the JPY. It is the start of the new year and that has the markets a little more awake with some active trading ranges in some of the major currency pairs. The EUR and the GBP moved lower vs the USD in early European trading helped by some weaker inflation data and warmer weather perhaps which has some inflation fears abating. However,...

Read More »

The Dollar Jumps

2023-01-03

by

2023-01-03

Overview: Market participants have returned from the New Year celebrations apparently with robust risk appetites. Equities and bonds are rallying, and the dollar has surged higher. The markets seem to be looking past the surge in China's Covid cases and anticipates a recovery, helping Chinese equities lead Asia Pacific bourses higher, where Japanese markets are still on holiday.

Read More »

A broad look of the EURUSD going into 2023

2023-01-02

by

The EURUSD is starting the trading year with more upside momentum and in the process retraced some of the declines from the EURUSD's decline in 2022. The pip trading range for the 2022 year was about 2000 pips which is near the extreme of the low to high trading range over the last 12 or so years. What will 2023 bring us, if we anticipate a more normal range of about 1400-1600 pips and the rallies are to be sold in the EURUSD? IN this video,...

Read More »

2023 investing outlook

2023-01-02

by

Adam Button from ForexLive talks about 4 Themes for 2023: 1) Give China a KISS 2) Europe is a weather trade 3) One data point to the next 4) The biggest danger to Canadian housing is the US consumer Adam expanded on the themes he is expecting: https://www.forexlive.com/news/4-trading-themes-for-2023-1-never-underestimate-the-spending-power-of-the-us-consumer-20230101/

Read More »

A happy new year (2023) with this Bitcoin analysis from ForexLive.com

2023-01-02

by

Bitcoin may be making a very early comeback. This technical analysis shows what are the bullish and bearish prices that provide a higher level of confirmation. Visit ForexLive.com for more technical analysis.

Read More »