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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Feds Powell will speak today. The USD is higher vs the EUR and GBP ahead of Chair comments

2023-02-07

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In this video, we'll be discussing the latest updates on USDJPY, EURUSD, and GBPUSD. The USD has been on a 4-day winning streak, but the JPY is lower as technical resistance was reached. The EURUSD is falling below a key support level and the GBPUSD is close to its 200-day moving average. Join us as we analyze the markets and see what traders should watch for in the coming days.

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No Turn Around, but Consolidation Featured

2023-02-07

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2023-02-07

Overview:  After large moves yesterday, the capital markets ae quieter today. Stocks are mostly firmer, and the 10-year US yield is a little softer near 3.62%. Strong nominal wage increases in Japan and a hawkish hike by the Reserve Bank of Australia helped their respectively currencies recover, though remain within yesterday's ranges. The euro briefly traded below $1.07, and sterling has been sold through $1.20. That said, a consolidative tone is...

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Greenback Extends Recovery

2023-02-06

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2023-02-06

Overview: The honeymoon for risk assets that began the year ended with a bang at the end of last week with the monster US jobs report and the rebound in the service ISM. Disappointing news from several large US tech companies provided extra encouragement. The yen's weakness helped Japanese stocks today, but the other larger bourses in the Asia Pacific area were sold, with losses in Hong Kong, the CSI 300, South Korea, and Taiwan off more than 1%....

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WOW! The dollar moves higher, stocks move lower, yields higher after the WOW jobs report

2023-02-06

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What next as we head into the new trading week The US jobs report was a "Wow" report with not much weakness. That brings a tighter Fed back in the picture. The USD moved higher, the stocks moved lower but still closed higher on the week (at least the broader indices). The US yields moved higher as well erasing the earlier declines, but have some upside levels that still need to be broken. So as we head into the new week, traders...

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February 2023

2023-02-04

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2023-02-04

The new year began amid optimism among investors. Equities and bonds rallied in January, clawing back some losses from last year. The dollar traded heavily, falling against most G10 and emerging market currencies. However, after the February 1 FOMC meeting, the dollar's sell-off exhausted the near-term selling pressure. An upside correction may be seen in the first part of February. We see this as a countertrend move and expect dollar weakness to...

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The strong US jobs report sends the USD sharply higher. What next?

2023-02-03

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The US jobs report came in much stronger than I expected at 517K. That has us at the US dollar sharply to the upside. What are the technicals telling us now as the bias shifts from more bearish USD, back to more bullish

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The Dollar Pares Yesterday’s Gains but Near-term Change in Sentiment may be at Hand

2023-02-03

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2023-02-03

Overview: The dollar remained firm yesterday, even after the ECB's hawkish stance, reaffirming its intention to hike rates by another 50 bp next month. We had expected the greenback to have been sold in North America yesterday. That this did not materialize warns that despite its pullback in Asia and especially Europe today, that near-term sentiment may be changing with the Fed and ECB meetings over and die cast for next month, where the Fed is...

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North America likely will Sell USD Bounce Seen in Europe

2023-02-02

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2023-02-02

Overview: The failure of the Federal Reserve to push harder against the market's dovish views and the easing of financial conditions encouraged a risk-on trade that saw the dollar and yields slump and equities rally. There has been limited follow-through dollar selling today, and a small recovery ahead of the Bank of England and European Central Bank meetings.

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AAPL stock technical analysis before earnings

2023-02-02

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Technical analysis for Apple Stock ahead of earnings on February 2nd, 2023. A look at the current levels for Apple stock and potential targets. Trade with caution and be aware of potential risks. Visit ForexLive.com for a broader perspective.

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FOMC Day! Find out the key levels for the EURUSD, USDJPY and GBPUSD through the decision.

2023-02-01

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Get an in-depth technical analysis of the major currency pairs - EURUSD, USDJPY and GBPUSD - heading into the Federal Reserve's rate decision at 2 PM ET. This video covers the biases, risk levels, and targets for each of the currency pairs to help you be aware and prepared.

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The ADP comes in weaker and sends the dollar lower ahead of the FOMC decision.

2023-02-01

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Get a detailed technical analysis of the EURUSD, USDJPY, and GBPUSD ahead of the FOMC rate decision on Feb 1, 2023. The US ADP employment report came in weaker than expected, leading to a drop in the value of the US dollar. The Fed is expected to raise rates by 25 basis points to 4.75%, making it crucial to watch what Fed Powell has to say. This morning's forex technical report provides an in-depth look at the technical levels, bias, risk levels,...

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Will What the Fed Says be More Important than What it Does?

2023-02-01

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2023-02-01

Overview:  The focus is squarely on the Federal Reserve today. There is nearly universal agreement that it will lift the target by 25 bp. The market is inclined to see the shift as a sign that the Fed is nearing the end of its tightening cycle, and sees, at most, one more quarter-point hike. Despite the Fed's warnings, including in the December FOMC minutes, about the premature easing of financial conditions, the market has done precisely that.

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S&P technical analysis, 31 Jan, before Jerome Powell (tommorrow)

2023-01-31

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In this follow-up video to the recent analysis, Greg Michalowski of ForexLive.com updates on the buyers' eagerness and their behavior in the S&P 500 futures market. Watch the updated zone between the black and blue lines drawn on the chart, as discussed in the video. Set up alerts on your chart with triggers on daily CLOSE to reduce the risk of false signals. Stay up to date with additional market insights by visiting ForexLive.com.

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The US employment cost data gives the USD a shove to the downside in early NY trading

2023-01-31

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Hopes for lower inflation helps stocks recover as well and sends yields lower. The better US employment cost data has helped to lower the dollar, send stocks higher and yields lower in early NY trading. In the morning forex technical report, I take a look at the EURUSD, USDJPY, GBPUSD and the AUDUSD as they show the impact from the lower dollar after the data.

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Position Adjustments at Month-End and Ahead of FOMC Outcome Lifts the Greeenback

2023-01-31

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2023-01-31

Overview: A combination of month-end adjustments and positioning ahead of the outcome of tomorrow's FOMC meeting has taken the shine off equities and has helped lift the dollar. On the heels of yesterday's sharp decline on Wall Street, several large markets in the Asia Pacific region, including China's CSI 300, the Hang Seng, and both South Korea's Kospi and Taiwan's Taiex fell by more than 1%. Although the eurozone eked out a small expansion in Q4...

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S&P 500 futures technical analysis, ES is correcting, watch 4000 and 3992 next.

2023-01-31

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The S&P 500 futures market, symbolized as ES, is undergoing a correction phase. In this video, we'll be taking a technical look at key price levels to watch, specifically the levels of 4000 and 3992. Stay informed and up-to-date on the current market trends with this analysis.

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The forex markets are mostly consolidating as the new trading week begins

2023-01-30

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The Forex Market Update: EURUSD makes a run while GBPUSD, USDJPY, and USDCAD see mixed price action. In this morning's forex report, we take a technical look at EURUSD, USDJPY, GBPUSD, and USDCAD. The EURUSD is pushing upwards and is back above its 100-hour MA. Can it sustain this trend?

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EUR USD technical analysis & trade idea: short EURUSDat or close to 1.09818, reward vs risk is 3.5

2023-01-30

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"EURUSD Analysis: Is the Pair Showing Signs of Fatigue? Watch now to find out!"

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Anti-Climactic Return of China

2023-01-30

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2023-01-30

Overview: The re-opening of China's mainland market amid reports of strong activity during the holiday, was relatively subdued. The CSI 300 rose less than 0.5% and the Shanghai Composite eked out less than a 0.2% gain. The 0.5% gain in the yuan was largely in line with the performance of the offshore yuan. Indeed, it seems like a bit like "buy the rumor sell the fact" type of activity as Hong Kong's Hang Seng tumbled 2.75%, to give back...

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Week Ahead Alchemy: Can Powell Turn a Quarter-Point Move into a Hawkish Hike?

2023-01-28

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2023-01-28

The new year is still young, but the week ahead may be one of the most important weeks of the year. The divergence that the market has been anticipating will materialize. The Federal Reserve will most likely hike by 25 bp on Wednesday, followed by half-point moves by the European Central Bank and the Bank of England the following day. On Friday, February 3, the US will report its January employment situation. It could be the slowest job creation...

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