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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Japan’s LDP Loses Majority, Sending Yen Lower, and Oil Gaps Lower on Middle East Developments

2024-10-28

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2024-10-28

Overview: The next couple of weeks in the capital markets are likely to be tumultuous, and the loss of the LDP majority in Japan get it started. The yen gapped lower amid the immediate uncertainty. The yen is off about 0.5% toward the middle of today's range. Leaving aside the Scandis, where are mixed, the other G10 currencies are little changed, +/- 0.15%. The euro has recovered above $1.08, where options for 2.3 bln euros expire tomorrow....

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Week Ahead: Buckle Up–Turbulence Coming

2024-10-26

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2024-10-26

The US dollar extended its dramatic recovery against the major currencies for the fourth consecutive week. The dollar's rally seems to stand on two-legs. The first shift in the expected trajectory of Fed policy, which has been partly encouraged by relatively firm economic data, both surveys and real sector reports. The derivatives market has from discounting 75 bp of cuts before the end of the year to not be quite sure that 50 bp will be delivered....

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AUDUSD trades below 50% midpoint, and around the 200 day MA

2024-10-25

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Swing area on the downside comes in between 0.66189 and 0.6628. Breaking below is more bearish.

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USDCAD buyers hold support. Tests the high for the week. Buyers in control.

2024-10-25

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For the week, the low was on Monday. Up and down price action through the BOC rate cut, but the corrective probing was modest with a floor at 1.3813 now.

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USDCHF continues to consolidate near highs. 200 hour MA in play now at 0.8651

2024-10-25

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The up and down this week in the USDCHF has allowed the 200 hour MA to catch up with the price. That level comes in at 0.8651 and is a close bias defining level for traders now.

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Kickstart the FX trading day for Oct 25 w/ a technical look at the EURUSD, USDJPY & GBPUSD

2024-10-25

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What key levels are in play for the 3 major currency pairs to start the US session

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FX Becalmed Ahead of the Weekend and Next Week’s Big Events

2024-10-25

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2024-10-25

Overview: The dollar is trading quietly, with a slightly firmer today. There has been little follow-through selling after yesterday's setback. The Canadian dollar and sterling are faring best. The yen is a little softer after Tokyo's CPI came in lower as expected due to the government's energy subsidy. The election for the lower house of the Diet is held Sunday. Emerging market currencies are also mostly softer. The JP Morgan Emerging Market...

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USDJPY Technical Analysis – Key levels in play

2024-10-25

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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. 1:15 Technical Analysis with Optimal Entries....

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The EURUSD buyers are taking back some control from the sellers.

2024-10-24

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In this video, I show you what that shift looks like.

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NZDUSD corrects higher today but runs into topside swing area resistance.

2024-10-24

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Sellers remain in control in the NZDUSD below 0.60313 to 0.60387

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The AUDUSD buyers had their shot, but missed. The price moves back toward 200 day MA

2024-10-24

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The price is rotating back lower and looks toward the 200 day MA at 0.6628. Break below (and below 0.6619) and the door opens to the downside.

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USD/CHF Technical Analysis: Key levels to watch in current market dynamics

2024-10-24

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Explore the USD/CHF technical analysis with insights on current price levels, resistance, and support. Discover how buyers can stay relevant amidst the market dynamics.

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USDCAD corrects lower after BOC rate cut. A swing low tries to hold support today.

2024-10-24

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The swing area base from earlier this week is holding support.

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Kickstart the FX trading day for Oct. 24 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-10-24

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What technical levels are in play for the 3 major currency pairs.

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Turn Around Tuesday Comes Late

2024-10-24

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2024-10-24

Overview:  It is ironic that a few months ago, many wanted to sell the dollar because the Republican president and vice president candidates said they wanted a weaker dollar. With the election drawing near and the race very tight, there has been a surge in the betting markets of a Trump-Vance victory, and this has corresponded with the dollar's dramatic rise. US rates held on the lion's share of their gains despite the sharpest loss in the S&P...

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Gold Technical Analysis – There are signs of caution for the bulls

2024-10-24

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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. 1:00 Technical Analysis with Optimal Entries. 2:20 Upcoming Catalysts...

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USDCHF continues to move higher, but just barely

2024-10-23

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What are the risks for traders now

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Sellers in the GBPUSD push to modest support and remains below the 100 day MA

2024-10-23

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The 100-day MA remains a key resistance target. Stay below is more bearish TODAY and going forward.

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AUDUSD reaches the 200 day key target and finds willing buyers. What next?

2024-10-23

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The 200-day moving average holds support, but the 50% midpoint is holding resistance as a battle begins

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Bank of Canada rate decision ahead. What technical levels are in play for the USDCAD?

2024-10-23

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The USDCAD is trading near a swing high resistance target just ahead of the BOC rate decision. Will it be a sell the fact and correct modestly lower or will the buyers (sellers of the CAD) continue the move higher toward August highs?

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