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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USDCAD retraced earlier declines but finds willing sellers near its 200 hour MA.

2024-11-25

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Price is between the August 2024 high at 1.39458 and the 2022 high at 1.39785

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GBPUSD holds swing area resistance and 100 hour MA at session highs. What next?

2024-11-25

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The 100 hour MA and swing area up to 1.2614 is a key barometer for buyers and sellers today and going forward.

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Gold tumbles on lower geopolitical risk. Where is the risk now? What are the targets?

2024-11-25

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Gold is down over 3% and on pace for one of the largest declines this year

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EURUSD buyers correcting the pair higher to start the new trading week. Buyers make a play

2024-11-25

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The 38.2% of the move down from the November high comes in at 1.0562

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USD selling pushes the USDCHF lower but the 100/200 hour MA is stalling the fall

2024-11-25

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The 100/200 hour MA stalled the fall so far the 0.8862 area

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Markets do Cartwheels in Response to Traditional Pick for US Treasury Secretary

2024-11-25

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2024-11-25

Overview: The selection of Scott Bessent, the hedge fund manager as next US Treasury Secretary was greeted euphorically in the capital markets:  one of their own and, arguably, like many of new economics team could have been picked in any Republican administration. Risk appetites have been animated. Still, we suspect market positioning may have led to an exaggerated response. The dollar has been sold. Stocks have bought. The euro is leading the G10...

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Gold Technical Analysis – The Treasury Secretary pick weighs on the market

2024-11-25

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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.

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Week Ahead: Little to Stop the Surging Dollar

2024-11-23

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2024-11-23

The dollar's Q4 rally continued last week. The Dollar Index has risen in the first eight weeks of the fourth quarter, gaining a little more than 7%. Half of the G10 currencies (the euro, the Swedish krona, the Norwegian and Danish krone, and New Zealand dollar) fell to new lows for the year last week. Part of the story is the paring of Fed cut speculation. The derivatives market no longer has even 50 bp of cut discounted between now and the middle...

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USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989

2024-11-22

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USDCHF support at the 200-day MA at 0.88208.

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Attack the currency trend: The EURUSD has been stepping lower with more selling today

2024-11-22

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What next going forward? What is needed to give the buyers even the smallest of victories? I go through it in this video.

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USDJPY stalls the fall today and yesterday at the 100 bar MA on the 4-hour chart

2024-11-22

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The USDJPY bounced off the 100 bar MA on the 4-hour chart tat 153.944 today and yesterday. That is key going forward. Stay above is more bullish.

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AUDUSD trading near the middle of the range for the week. Some ST bullish.Some ST bearish.

2024-11-22

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The AUDUSD is trading near 100 and 200-hour MAs at 0.6498 to 0.6508.

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Euro and Sterling are Trying to Stabilize after Sharp Drop on Back of Disappointing Flash PMI

2024-11-22

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2024-11-22

Overview: Weak preliminary PMI readings in Europe, Japan, and Australia, underscore the apparent divergence with the US, sending the dollar broadly higher. The euro is currently recovering from the sell-off that took it to $1.0335 and sent sterling below $1.25. Only the yen, among the G10 currencies, has weathered today's dollar surge. Most emerging market currencies, especially from central Europe, are weaker. Despite the stronger dollar, gold is...

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USDJPY Technical Analysis – We continue to range around key levels

2024-11-22

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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.

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EURUSD falls to a new 2024 low below 1.04956. The 2023 low at 1.0448 is the next target.

2024-11-21

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New low for 2024 in the EURUSD

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USDCAD breaks below a cluster of technical levels

2024-11-21

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The USDCAD breaks below trend line, 100 bar MA on the 4-hour chart, and low of swing area between 1.3945 and 1.3958. Stay below is more bearish.

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NZDUSD index moves lower and sellers are in control, but there is some key support holding

2024-11-21

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The sellers had their shot last week and again earler this week below 0.5848 and 0.5859 but failed. The low today stalled at the high of the swing area

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Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows

2024-11-21

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2024-11-21

Escalating tensions in Europe and comments from Bank of Japan Ueda that spurred speculation of a December hike are the main drivers of the foreign exchange market today. The yen is the strongest of the G10 currencies, up about 0.65%, while the euro is the weakest, off a little more than 0.25%, and sterling is down almost as much.

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Gold Technical Analysis – New highs as rate cuts repricing pauses

2024-11-21

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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. 0:45 Technical Analysis with Optimal Entries.1:57 Upcoming...

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The USDJPY, GBPUSD and USDCHF are each using the 100 hour MA as a risk/bias defining level

2024-11-20

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How can that help in your trading? I will explain in this video.

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