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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Some key technical levels for the EURUSD, GBPUSD and USDCAD going into the jobs reports

2022-10-07

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Both the US and the Canadian jobs reports will be released at 8:30 AM ET.  For a technical review of the EURUSD, GBPUSD, and USDCAD ahead of the report, click on the video below.  In it I look at the levels in play that would tip the technical bias more in the favor of the bears or the bulls given data outside the expected range.

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Intraday Momentum Indicators Point to a Dollar Recovery After the Employment Report

2022-10-07

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2022-10-07

Asia Pacific bourses followed yesterday’s US loss, but after opening lower Europe’s Stoxx 600 has steadied. US futures are narrowly mixed ahead of the US jobs report. Benchmark 10-year yields are higher across the board.

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AUDUSD falls toward low from yesterday. What next as markets prepare for US jobs report?

2022-10-06

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The AUDUSD is moving to a new low and in the process is testing the low of a up and down trading range.  That level should find support on the dip. The 100/200 hour MAs are now topside resistance in what is an up and down market for the pair as it waits for the next shove.

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OCTOBER 6, 2022:The morning forex technical report.The USD is stronger with the US jobs due tomorrow

2022-10-06

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The EURUSD, GBPUSD, USDJPY and USDCHF all have their 100 hour MAs in play as trading consolidates with a dollar higher bias ahead o the key NFP report.  Traders are trading with focus on the key technical barometers which should lead the way as they define and limit the risk.

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Volatility Snaps Near-Term Conviction

2022-10-06

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2022-10-06

Overview:  The markets seem to lack conviction today. Stocks in the Asian Pacific region advanced. Europe’s Stoxx 600 is giving up its earlier advance, and US futures are heavier. Australian and New Zealand bonds played catch-up after the rise in the US and Europe yesterday.

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EURUSD and GBPUSD have similar price action moves to hourly MA support. What next?

2022-10-05

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Both the EURUSD and the GBPUSD moved lower in trading today and in the process erased much of the gains from yesterday.   Each also saw the price move below their respection 100 hour MAs (rising) and fail on those breaks. The corrective moves  have seen a rebound to shorter term upside targets that would give the buyers more hope IF the targets and momentum would continue.   IN this video, I outline the targets needed to be broken and explain...

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EURJPY ping pongs between swing high resistance and swing low/MA support

2022-10-05

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Traders play the range with sellers more in control today

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USDCAD follows the USD higher. Trades back above 100/200 hour MAs

2022-10-05

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Despite the higher oil, the USDCAD is moving higher today (lower CAD). The USDCAD is moving higher back above its 100/200 hour moving averages near the 1.3666 area. Stay above keeps the buyers more in con from a shorter-term technical perspective.

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Dollar Slump Halted as Stocks and Bonds Retreat

2022-10-05

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2022-10-05

Overview: Hopes that the global tightening cycle is entering its last phase supplied the fodder for a continued dramatic rally in equities and bonds. The euro traded at par for the first time in two weeks, while sterling reached almost $1.1490, its highest since September 15.

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CHF traders – heads up for a SNB speaker Wednesday, 5 October 2022 – Maechler

2022-10-05

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2022-10-05

Swiss National Bank monetary policymaker Andrea Maechler is speaking at 1130 GMT, at an event titled: After the interest rate change: high inflation, rising interest. How will it affect the Swiss economy?

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Stocks and Bonds Extend Rally

2022-10-04

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2022-10-04

The big bond and stock market seen yesterday has continued today. The Reserve Bank of Australia’s reversion to a quarter-point hike stokes hope that the aggressive tightening cycle more broadly is set to slow.

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Why is the 11130 area in the Nasdaq index so important this week?

2022-10-03

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If you were to take a short to long term view of the Nasdaq index the move higher today based nicely against key support on the daily chart. However if you were to drill to the hourly chart, the index is finding some resistance near downward sloping trend line and ahead of the high from last week (on Wednesday) and the falling 100 hour MA.  

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FOREX QUICK: GBPUSD rotates back toward 4-hour MA support

2022-10-03

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The run to the upside in the GBPUSD is running out of steam and rotates back toward MA support. The GBPUSD ran higher in NY trading but is seeing a rotation back toward the broken 4-hour 100 bar MA level.  Can the pair stay above that and keep the buyers in more control?

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October 3, 2022: A review of the major technical levels in play for the major currency pair and why.

2022-10-03

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0.40 - EURUSD - The EURUSD has moved away from the overhead resistance near the 50% midpoint of the move down from the October higher and rotates back toward the 200 and 100 hour MA barometers on the downside. 

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Monday Blues

2022-10-03

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2022-10-03

The markets begin October with some trepidation.  Rumors continue to circulate about the health of a large European bank, cross currency swaps are elevated, suggest dollars are more difficult to access. 

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October 2022 Monthly

2022-10-02

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2022-10-02

The historic dollar rally accelerated in September. By some measures, it is as rich as it has been in the half-century since the end of Bretton Woods. Persistent price pressures, a robust labor market in many dimensions, and the Federal Reserve's latest forecasts warn that financial conditions will tighten into next year

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NVDA technical analysis

2022-10-02

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The next technical analysis video for Nvidia Corp. stock shows that bulls can plan a series of buys and set buy orders at lower prices to target a reversal. I created a new approach. The 'Fibonacci Entry' Why? As the price falls, Fibonnaci orders are placed. 1 NVDA is purchased Then 2 NVDA stocks are bought at a lower price Then 3 NVDA stocks are bought at a lower price 5, 8, 11, etc. You decide the series' length. So are entry prices (which...

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Twitter stock analysis: Using Finviz to find an interesting lead when the stock market is down

2022-10-01

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Musk began buying Twitter for $44 billion in March. Some believe Musk's contract was a mistake, and they point to the fact that he's eager to expose his dirty laundry in court as proof. Musk may be ordered to buy Twitter against his will but I leave those considerations, and focus on the relative strength of Twitter's (TWTR) stock price and technical analysis. TWTR stock has been strong while its US peers have been selling. And how Twitter...

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Week Ahead: Macro and Prices

2022-10-01

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2022-10-01

The market has much to digest. The Bank of England's new purchases of Gilts coincided with a reassessment of the trajectory of Fed policy. After the hawkish FOMC decision and forecasts, the market briefly thought the terminal rate could be 5.25-5.50% in the middle of next year. However, by the end of last week, it had returned to around 4.5% at the end of Q1 23.

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FOREX QUICK: EURUSD rebounds from new 2022 lows and tilts short term bias back to the upside

2022-10-01

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The EURUSD moved to a new low going back to 2002 this week, but rebounded into the close for the week and is closing with a short term bullish bias. Could the low be in for the pair? In this video, I outline the levels that would keep the bias more bullish, and the key targets to get to and through to increase that bias.

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