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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Risk Appetites Challenged after US Equities Tumble

2022-12-07

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2022-12-07

Overview: The sharp sell-off of US stocks yesterday as sapped the risk appetite today. Equities are being sold. Hong Kong and the index of mainland shares that are listed there led the regional decline with 3.2%-3.3% losses. Europe’s Stoxx 600 is off about 0.65% in late morning turnover, the fourth day of losses. US futures are trading with a lower bias as well. European 10-year bonds are mostly 1-2 bp firmer. The US 10-year Treasury is practically...

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The major forex currency pairs are seeing up and down price action.What to look for today?

2022-12-06

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A technical look at the EURUSD, USDJPY, GBPUSD and AUDUSD after the RBA rate hike. There is up and down price action in some of the major currency pairs. In the morning forex technical report, I look at the EURUSD, GBPUSD, USDJPY and the AUDUSD after the RBA rate hike and outline the levels in play after up and down activity dominated the trading action so far today.

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Yesterday’s Dollar Recovery Questioned Today

2022-12-06

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2022-12-06

Overview: The 11 bp jump in the 10-year US yield yesterday after dropping nearly 26 bp in the previous three sessions, helped the greenback recover and took a toll on stocks. Still, the S&P 500 is above the low set on November 30 (~3939) before Fed Chair Powell's talk that day.

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MORNING VIDEO: A look at the EURUSD, USDJPY and GBPUSD from a technical perspective

2022-12-05

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What levels are in play for the EURUSD, USDJPY and GBPUSD and why? The new trading week is underway, with the EURUSD making a new cycle high and backing off. The USDJPY started below its 200 day MA after closing below that key level on Friday, but has moved back higher and looks toward the 38.2% of the range last week (and high from Friday). The GBPUSD has seen up and down action in that pair today. A new cycle high was made above an upside...

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Chinese Yuan Jumps While the Dollar recovers After Losses were Extended Against the Euro and Sterling

2022-12-05

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2022-12-05

Overview: The markets remain hopeful about a re-opening in China and continue to pour into Chinese stocks on the mainland and in Hong Kong. The index of Chinese companies that trade in the US rose nearly 22.4% last week. Large bourses in the Asia Pacific region were mixed, but China and Hong Kong stand out. Europe’s Stoxx 600 is nursing a small loss for the second consecutive session. US equity futures have a slightly heavier bias. European 10-year...

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Dollar Bears have the Upper Hand

2022-12-04

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2022-12-04

Once again, the dollar was sold into a shallow bounce as the bears maintained the upper hand. There is a growing conviction that the peak in the Fed's tightening cycle is within view, despite more robust than expected jobs growth and an unexpectedly strong rise in average weekly earnings.

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Light crude oil futures technical analysis & trade idea

2022-12-04

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Setting up a short swing trade for a 3 to 1 short on CL1 (light crude oil futures). Trade oil at your own risk and visit ForexLive.com for additional perspectives.

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Opinion: DOGE Coin to 24.5 cents. 136% profit potential

2022-12-04

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This is an opinion only for potetential Doge coin buyers or holders, not investmenet advice. Doge coin is riskly and can go to zero, too. However, the technicals show me a 136% upside potential. Furthermore, fundamentally, if Elon Musk and Twitter announce at any future stage, a deeper integration for Doge coin, or some other news catalyst comes out of the top Doge coin fan named Elon Musk, who is still one of the biggest influencers in the world,...

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The Weekend Forex Report: A look back and ahead to the Dec 5, 2022 trading week

2022-12-04

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What levels are in play technically. What are the major bias and risk defining levels. In the weekend forex report, Greg Michalowski of Forexlive.come, reviews the fundamentals in play and the importance, and then outlines the bias and risk defining levels for each of the major currencies vs the USD: EURUSD (5:51) USDJPY (10:13) GBPUSD- (13:18) USDCHF (16:42) USDCAD (18:21) AUDUSD (19:52) NZDUSD (22:53)

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Week Ahead: RBA and BOC Meetings Featured and China’s Inflation and Trade

2022-12-03

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2022-12-03

The week ahead is more than an interlude before five G10 central banks meet on December 14-15. The data highlights include the US ISM services and producer prices, Chinese trade and inflation measures, Japanese wages, household consumption, and the current account. Also, the Reserve Bank of Australia and the Bank of Canada hold policy meetings. Central banks from India, Poland, Brazil, Peru, and Chile also meet.The dollar appreciated in Q1 and Q2...

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USDCHF bounces higher on the jobs report. Holding support on the dip. What next?

2022-12-02

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Buyers have work to do in the USDCHF pair to take back more control. What levels are in play for the USDCHF now?

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What next in the forex after the stronger US jobs report

2022-12-02

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The US jobs data came in much stronger than expected at 263K versus 200 K expected. The unemployment rate remained steady at 3.7%. The average hourly earnings rose 0.6% versus 0.3% expected. The USD moved higher. What next?

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The key technical levels in play before the US jobs report

2022-12-02

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What levels are in play ahead of the US (and Canada) jobs reports at 8:30 AM ET. I will look at the EURUSD, USDJPY, GBPUSD and the USDCAD ahead of the US and Canada jobs reports

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Attention turns to US Jobs while the Yen’s Surge Continues

2022-12-02

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2022-12-02

Overview:  There have been significant moves in the capital markets this week and participants are turning cautious ahead of the US employment report. After the US equity market rally stalled yesterday, nearly all the Asia Pacific bourses fell today. The strength of the yen (~3.8% this week) has weighed on Japanese equities (Nikkei -1.8% this week) and spurred the BOJ to buy ETFs today for the first time in five months. Europe’s Stoxx 600 is...

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The morning forex technical report. The USD moves down w/ the EURUSD testing its 50% level

2022-12-01

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A look at some of major currency pairs near the start of the US session. In the morning forex technical report: - The EURUSD is trading higher and in the process moving away from its 200 day moving average and testing its 50% midpoint of the 2022 trading range at 1.05155. - The USDJPY move below a key target at the 38.2% retracement of the move up from the 2022 low at 137.24. Sellers push lower after the break. - The GBPUSD has moved above its...

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December 2022 Monthly

2022-12-01

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2022-12-01

As the year of aggressive monetary tightening winds down, the Federal Reserve, the European Central Bank, and the Bank of England will likely slow the pace of rate hikes. All three delivered 75 bp hikes in November and will probably hike by 50 bp this month and moderate the pace again in the first part of next year.Price pressures remain elevated even if near or slightly past the peaks. The G10 central banks are not finished tightening, though...

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What Did Powell Say?

2022-12-01

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2022-12-01

Overview:  Asia Pacific stocks rallied on the heels of the surge in US equities. China’s CSI 300 led the large bourses higher with a 1% advance. Europe’s Stoxx 600 is matching yesterday’s gain of a little more than 0.6%, while US futures are a touch softer. European yields are 9-13 bp lower, with the peripheral premiums shrinking.

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Nasdaq technical analysis in 30 seconds

2022-12-01

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For 01 December, 2022.

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UPST technical analysis showing early hints about the crash coming

2022-12-01

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When someone on TV or anywhere else, talks positively about a stock, then that person should know to answer what the company does. If you do not get an answer, that is a sign that we might have reached ridiculous times. Remember that for next time. It might be, and will probably be, a different type of 'ridiculous' but it will be ridiculous when the herd is greedy, and a sign for you to be fearful. Technical analysis is your friend in such...

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VIDEO: Soft landing? Happy days are here a again. A look at the markets post Fed Powell speech.

2022-11-30

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"Soft landing" may be still a hope, but the market likes those words. The Chair Powell speech/comments were laced with "slower pace", and "soft landing" which was comforting to the markets. So stocks moved higher and that gave dollar sellers the go-ahead to sell the green back, the lower USD, gave the bond traders the go-ahead to buy bonds and send yields lower, and all of that fed on itself.  Happy days are here...

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