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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PBOC Cuts Reserve Requirements, but USD Pullback may offer New Buying Opportunity in North America

2024-01-24

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2024-01-24

Overview: After a strong showing yesterday, the dollar was sold in Asia and Europe. China announced a cut in reserve requirements and took more informal action to support the stock market, which encouraged risk-taking. Yet, the dollar's decline has stretched intraday momentum indicators, which may provide early operators in North America a new dollar buying opportunity. The ECB and Norway's central banks meet tomorrow, and the US reports its first...

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WTI Crude Oil Technical Analysis

2024-01-24

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#crudeoil #futures #technicalanalysis In this video you will learn about the latest fundamental developments for WTI Crude Oil. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 0:47 Technical Analysis with Optimal Entries. 2:12 Upcoming Economic Data....

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AUDUSD sellers gain momentum as price dips below key moving averages

2024-01-23

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AUDUSD price falls below 200-day MA and 50% midpoint, indicating bearish bias with potential downside targets ahead. However, support levels may provide resistance. Traders closely watching for further movements.

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USDCHF runs to new high and in the process looks to test the high of a swing area

2024-01-23

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Swing area in the USDCHF is being tested between 0.8711 and 0.87314. Staying above keeps the buyers in firm control

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USDJPY retraces the earlier day’s declines. What next?

2024-01-23

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The price of the USDJPY is testing the swing area between 148.45 to 148.59. The high from 2024 at 148.802 looms as another target above.

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EURUSD sellers are making a play with a technical break below the 200 day MA

2024-01-23

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The 200-day MA stalled the fall on two separate tests last week.

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USDCAD tesst/breaks 200 day MA. Cna the buyers keep momentum going?

2024-01-23

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There is some apprehension to move higher in the USDCAD as traders prepare for the BOC rate decision tomorrow

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Kickstart your FX trading for January 23 with a technical look at the 3 major currency pairs

2024-01-23

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A technical look at the EURUSD, USDJPY and GBPUSD

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USDJPY 147.926 ▼ −0.11% but I’m bullish for it to go to a new ATH

2024-01-23

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USDJPY technical analysis from Itai Levitan, www.ForexLive.com

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BOJ Stands Pat, Exit Draws Closer, while HK Liquidity is Squeezed Easing Pressure on the Yuan

2024-01-23

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2024-01-23

Overview:  The dollar remains largely confined to its recent ranges as the consolidative phase extends. The Bank of Japan stood pat and revised its forecasts as it is seen drawing closer another adjustment in policy, with the market still favoring an April timeframe. A squeeze in the Hong Kong money market and talk of a large package to support the equity market helped lift the Chinese yuan for the third consecutive session and lifted Chinese...

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USDJPY Technical Analysis

2024-01-23

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#usdjpy #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:52 Technical Analysis with Optimal Entries. 3:21 Upcoming Economic Data....

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EURUSD range is modest for the day, but what nexr for the pair?

2024-01-22

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The trading range is only about 32 pips today (vs 1-month average of 63 pips)

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NZDUSD trade near lows but remains above a key cluster of support

2024-01-22

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Support area comes between the 50% midpoint at 0.60716, and the 200 day moving average at 0.6089. A swing area sits between at at 0.60788 – 0.60856.

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USDCHF traded above and below the 38.2% of the move down from the October high

2024-01-22

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The 38.2% of the move down from the October high comes in at 0.86803.

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AUDUSD – like other pairs – gets off to a slow up and down start to the day/week

2024-01-22

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What next? What levels are key for buyers and sellers to start the trading week?

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USDCAD muddles along to start the trading week. What levels are in play and why today?

2024-01-22

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USDCAD finds support near 200 bar MA, potential resistance near 200 day MA.

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Kickstart your FX trading with a technical look at the 3 major currencies

2024-01-22

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The week is off to a modest up-and-down start to trading in the 3 major currencies. What at the technical telling traders to start the US session?

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China Equity Slump Continues, while Dollar Extends Consolidation

2024-01-22

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2024-01-22

Overview: The foreign exchange market is quiet to start the new week. As the North American session is about to begin, the dollar is mostly +/- 0.10% against most of the G10 currencies. The Swedish krona is the notable exception, rising about 0.25% against the US dollar amid good demand for its bonds today. Emerging market currencies are mostly lower. The Taiwanese dollar is the strongest in the complex so far today, rising about 0.30% against the...

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Gold Technical Analysis

2024-01-22

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#gold #xauusd #technicalanalysis In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 0:42 Technical Analysis with Optimal Entries. 2:03 Upcoming Economic Data....

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Week Ahead: Too Early for Central Banks to Move, and Q4 GDP to Showcase US Economic Resilience (with the help of 6.5% budget deficit)

2024-01-20

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2024-01-20

The week ahead features the first estimate of US Q4 GDP, which will be revised for the next couple of years, and policy meetings by the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank, Norway's central bank. Although the market anticipates the beginning of an aggressive easing cycle by several central banks, and an exit of the BOJ's negative interest rate policy, the start is not expected until later in the first half....

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