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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Israeli shekel vs the US dollar: A technical analysis since the 1st judicial reform demonstration

2023-03-02

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In this video, we provide a technical analysis of the US dollar since the 1st judicial reform demonstration. We'll examine key price levels, chart patterns, and potential trading opportunities.

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Higher for Longer Helps the Dollar while Weighs on Equities

2023-03-02

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2023-03-02

Overview: The jump in prices paid in yesterday's US ISM manufacturing coupled with the stronger eurozone inflation, with a new cyclical high reported in the core rate, underscores the market theme of higher-for-longer. This is seen as dollar supportive but also negative for risk-assets, including and especially equities. European benchmark 10-year yields are up another couple of basis points today and the 10-year US Treasury yield is pushing above...

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Natural gas futures technical analysis, seeking a short if this bear flag plays out.

2023-03-02

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Watch the (red) bear flag shown. If price breaks down, a short is possible, or after a retest. At your own risk.

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March 2023

2023-03-01

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2023-03-01

Price pressures remain elevated, and labor markets are strong, giving most policymakers in the G10 the incentive to continue raising interest interests. There are two exceptions: Japan, the only country still with a negative policy rate (-0.10%), and Canada, where the central bank has indicated it would pause. While half-point hikes or larger were common in the second half of last year, the major central banks have slowed or will slow the pace to...

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The USD is moving lower today, but can the momentum continue?

2023-03-01

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In today's report, we examine the levels in play for the EURUSD, USDJPY, GBPUSD, and USDCAD that traders will be eyeing for intraday trading clues. While the USD is mostly lower today, the GBPUSD is showing a little more mixed action, with some upside corrective movement in early US trading.

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Doubt Chinese Data, but Its Stronger-than-Expected PMI Lifts Risk Assets

2023-03-01

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2023-03-01

Overview: Many investors may be skeptical of the accuracy of Chinese data, but its stronger than expected February PMI animated the animal spirits and bolstered risk-taking appetites. Asia Pacific equities jumped, led by the 4.2% rally in Hong Kong and a 5% surge in the index that tracks mainland shares. Among the long bourses Australia and Singapore slipped, and South Korean markets were closed for a national holiday. Europe's Stoxx 600 is posting...

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ForexLive Webinars | How to trade the news with Adam Button

2023-03-01

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In this webinar, we will be discussing the current news events and how to trade them. With a wealth of experience in trading news, Adam will be sharing his insights on the challenges and opportunities that come with it. The markets are currently chaotic due to the pandemic, which creates fear and uncertainty. However, this chaos can also bring opportunities for traders. Patience is crucial in trading, and it's important to avoid making hasty...

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S&P 500 futures technical analysis, bearish close to last day of Feb 2023

2023-02-28

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N this video, we analyze the recent price action of the S&P 500, particularly the rejection at the key resistance level of 4000. We discuss the potential scenarios for the index moving forward and highlight important technical levels to watch.

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The EURUSD & GBPUSD are extending higher in early US trading. What levels are in play?

2023-02-28

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In this video, we analyze the latest technical levels in the EURUSD, USDJPY, and GBPUSD pairs. The EURUSD is testing the 200 hour MA, while the USDJPY is approaching key resistance levels. The GBPUSD is following the EURUSD's lead and breaking above a trend line and retracement level.

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Potential Brexit Breakthrough Helps Sterling, while France and Spain Report Stronger Price Pressures

2023-02-28

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2023-02-28

Overview: There are two important developments. First, the stronger than expected February inflation reports from France and Spain have sparked a jump in European interest rates and the swaps market is beginning to price in a 4% terminal rate by the European Central Bank. The deposit rate is now at 2.50% and is widely expected to rise to 3.0% in the middle of next month. Second, a tentative agreement to resolve the dispute over the Northern Ireland...

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Nasdaq technical analysis in 30 seconds, 28.02.2023 (12055 next target)

2023-02-28

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It seems to me that the VAL (value area low) is the next price magnet. Bear flag has been broken, and PoC (Point of Control) is gone. 1 hour candle timeframe.

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Markets Catch Collective Breath

2023-02-27

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2023-02-27

Overview: After last week's flurry of activity that saw the US dollar extend its recovery, it has begun off the new week largely consolidating in relatively narrow ranges. The Australian and New Zealand dollar's remains softer, and the Swiss franc is virtually flat, but the other G10 currencies, led by sterling are posting small gains. A break-through on the Northern Ireland protocol, which has been rumored for a more than a week may be announced...

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Which brokerage account is best for beginners in Singapore?

2023-02-27

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2023-02-27

Money
Are you looking to invest in Singapore but feeling overwhelmed by all the different options? Finding the correct brokerage account can be challenging, especially if you are not an experienced investor. That's why we've broken down some of the top-rated brokers in Singapore, explaining the pros and cons each offers so you can choose which online trading platform is best for your needs.

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META stock is still looking good but where do I join?

2023-02-26

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META stock is looking bullish (IMO) but the trick is where to enter. Watch these technical price levels to possibly catch a dip and scale into the Long position.

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What’s next for the Israeli shekel?

2023-02-26

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Watch these price levels and this scenario. For buy and holders and swing traders alike. Visit ForexLive.com for additional views. Trade USDILS at your own risk.

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Technical analysis for the S&P 500. What Put option should I buy here? Unattractive bet.

2023-02-26

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Even if it works out, that bet is challenging due to the unattractive reward vs. risk. When you short, you need to be early to th party and this does not seem like the best timing. Trade at your own risk. Visit ForexLive.com for additional views.

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Week Ahead: February ISM Services and Auto Sales to Show January US Data were Exaggerated

2023-02-25

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2023-02-25

A key issue facing businesses and investors is whether the US January data reflects a reacceleration of the world's largest economy or whether it was mostly a payback for extremely poor November and December 2022 data and seasonal adjustments and methodological distortions. Given the centrality of the US economy and rates, it is not simply a question for America, the Federal Reserve, and investors, but the implications are much broader. The issue...

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The USD is moving higher after hotter US Core PCE. What levels are in play today.

2023-02-24

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The USD is moving higher after the hotter than expected US Core PCE data.  In this report I look at the technical breaks in the EURUSD, USDJPY and GBPUSD.  Also as a reminder Adam Button is conducting his FREE WEBINAR. You can register and watch by clicking HERE.

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Ueda Day

2023-02-24

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2023-02-24

Overview:  Rising rates and falling stocks provided the backdrop for the foreign exchange market this week. The dollar appreciated against all the G10 currencies but the Swedish krona, which is still correcting higher after the hawkish pivot by the central bank. The market looks for a later and higher peak in the Fed funds rate. This coupled with the risk-off sentiment helped the dollar extend its recovery after falling since last...

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What technical levels are driving the major currency pairs to start the NA trading session

2023-02-23

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In this forex market update, we review the technical analysis of four major currency pairs: EURUSD, USDJPY, GBPUSD, and AUDUSD. The EURUSD remains within a downward-sloping channel, with sellers in control in the short term. Meanwhile, the USDJPY is trading to a new high, opening the pair for further upside momentum. The GBPUSD fell below the 100 and 200-hour MAs but corrected higher in early North American trading. The AUDUSD is moving back...

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