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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Greenback Softens, but Think Twice about Chasing It

2022-07-25

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2022-07-25

Overview: Aside from political economic risks, three other challenges are emerging. First, the new sub-variant of Covid is spreading rapidly. BA5 reportedly is accounting for around 80% of the new cases. It is better able to evade antibodies from vaccines and earlier infections. Hospitalization rates are also climbing. Dining, retail, and travel may be impacted. Second, the World Health Organization declared monkeypox a global emergency. The US...

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Stock Market Today: Updates, S&P technical analysis and stock market forecast

2022-07-25

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Asia follows Wall Street's bearish lead from Friday. Slow growth and tighter regulations affect markets. Today's losses on the Australian stock market extend yesterday's. The S&P/ASX 200 fell below 6,800 on Friday. After Snapchat's (SNAP) dismal results and stock price drop last week, investors wonder if this is a sign of bigger economic concerns. Alphabet, Apple, Intel, Microsoft, and Meta will report earnings this week. Oil fell in Asia...

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A technical look at the forex major currencies for the week starting July 25, 2022

2022-07-24

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In this video, Greg Michalowski of Forexlive.co;m, takes a look at the technical driving the forex markets for the week starting July 25,2022

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Momentum Indicators Warn of Further Dollar Weakness, but will Sellers Emerge ahead of the FOMC?

2022-07-24

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2022-07-24

The dollar fell against all the major currencies last week but pared the losses ahead of the weekend. The sub-50 EMU flash composite PMI unwound the half-cent gain the euro recorded after the ECB delivered a 50 bp hike to kick off its first tightening since 2011.  

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Bitcoin technical anlalysis & managing a profitable bitcoin short trade

2022-07-23

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We follow up on the trade idea shown here: https://www.forexlive.com/technical-analysis/a-bitcoin-technical-analysis-with-a-bearish-measured-move-20220721/ And how to manage a profitable trade by adjusting a stop in order to break even within a worse case scanrio. We do that by exiting one third of the position at a new take profit target. We show the principle of calculating that. Furthermore, Bitcoin is cooling off after faking out a breakout...

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The Fed and GDP: Week Ahead

2022-07-23

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2022-07-23

The outcome of the Federal Reserve Open Market Committee meeting on July 27 is the most important event in the last week of July. After a brief flirtation with a 100 bp hike after the June CPI accelerated, the market has settled back to a 75 bp move. The Fed funds futures are pricing about a 10% chance of a 100 bp hike. The market anticipates that after the second 75 bp hike, the Fed will most likely return to a 50 bp hike in September.  Fed...

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Is the USDCAD a buy from a technical perspective? BofA likes it fundamentally. Do I like technically

2022-07-22

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Marrying technicals vs fundamentals from Bank of America in the USDCAD

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The EURUSD and GBPUSD are rebounded off lows, but USDJPY remains near session low extremes

2022-07-22

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What technicals are moving the major currency pairs today

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Dismal EMU Flash PMI on Heels of First ECB Rate Hike since 2011

2022-07-22

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2022-07-22

Overview:  The euro is over a cent lower from yesterday’s peak, pressured by the drop in the flash PMI composite below 50 for the first time since early last year. More generally, the flash PMIs have shown the global economic momentum is waning, and the bond markets have responded accordingly. The US 10-year yield is flirting with 2.80%, its lowest level in more than two weeks. European yields are 15-20 bp lower and the spread between Italian and...

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What if? Traders are constantly asking “What if”, but what does that mean?

2022-07-21

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IN this video, I extend the short term EURUSD analysis to incorporate a view from the daily chart and ask "What if?". I hope you find it interesting.

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What does it mean to “lean” in your trading?. The AUDUSD price action today shows what that means.

2022-07-21

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Leaning is a key way traders enter trades, and more importantly exit trades with risk defined and limited. What does that mean. Let me show you in the this video using the AUDUSD as my guide.

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The EURUSD moves higher after the ECB 50 basis point hike

2022-07-21

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The ECB rate decision has pushed the EURUSD higher. WHat is in play for that pair and what about the GBPUSD and the USDJPY too

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Italian Politics Complicate the ECB’s Task

2022-07-21

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2022-07-21

The appetite for risk seen earlier this week is fading. Yesterday’s US equity gains helped lift most of the large markets in the Asia Pacific region, but China’s CSI 300 fell 1.1%, giving back most of this week’s gains as credit issues from the property sector haunt sentiment.

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Bitcoin technical analysis, short the measured move

2022-07-21

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Bitcoin seems to be in a good spot for a potential bearish measured move driven trade, with an attractive reward vs risk. See the technical analysis for BTCUSD and the potential bearish measured move. https://www.forexlive.com/technical-analysis/a-bitcoin-technical-analysis-with-a-bearish-measured-move/ Reminder: technical analysis can increase your chances of better reading the market but does not guarantee it. That is why traders must have...

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EURUSD backs off resistance, but price action remains contained as buyers/sellers battle.

2022-07-20

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With the ECB meeting tomorrow. the price action in the EURUSD is being contained by technical levels. A battle is going on. However, in preparing for the decision it is important to know the levels that will give the pair the next shove. In this video, I talk to those levels so you can prepare your trade.

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The EURUSD and GBPUSD are lower today on dollar buying. What are the technical telling us NOW

2022-07-20

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The dollar is modestly higher in trading today. What are the levels in play and why.

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Calm before the Storm?

2022-07-20

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2022-07-20

The biggest rally in the S&P 500 in three weeks helped lift global equities today. The MSCI Asia Pacific index rose for the third consecutive session, the longest streak this month. Europe’s Stoxx 600 is up for a fourth day and is at its best level since mid-June.

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Bitcoin breaks outside recent up and down range and pushes toward next key target

2022-07-19

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The price of bitcoin breaks out of it's recent up and down trading range and looks toward the 38.2% retracement target

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USDCAD moves to a new low and tests a key swing area

2022-07-19

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The USDCAD is trading to a new low and in the process is testing the low from yesterday and swing area down to 1.28929

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A technical look at the EURUSD, GBPUSD and USDJPY to start the trading day on July 19, 2022

2022-07-19

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What levels are in play for the 3 major currency pairs today

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