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.

EURUSD is trading below the 200 day MA/38.2% retracement. Sellers make a play

Can the price stay below and stretch to the downside?

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The NZDUSD falls to new lows and tests the low of a key swing area

The swing area between 0.5918 to 0.5935.in the NZDUSD is the key barometer today and going forward.

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USDCHF waffling with buyers and sellers battling it out. What would break this pair out?

The USDCHF is between the 100 and 200 hour MAs at 0.7799 to 0.7803. Resistance at 0.7831 to 0.7842. Looking for a break.

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The USD is little changed ahead of US retail sales, jobless claims

US stocks are higher. Yields are lower. Oil is modestly lower. Trump in China.

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US Dollar Threatening to Break Higher

The US dollar is trading quietly against the major currencies. The euro is holding above $1.17 and sterling is holding above $1.35, but the market does not appear done probing these support areas.  The greenback has also traded as close to JPY158 as possible without going over. This is where the Bank of Japan may … Continue...

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USD/JPY flirts with a key upside breakout as yen’s intervention-led gains continue to fade

#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 Overview 2:10 Technical Analysis with Optimal Entries 3:18 Upcoming Catalysts...

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The USD moved higher after the US PPI data, but the rise has had it’s limits. What next?

What are the technicals telling traders now? A quick technical look at the moves vs the USD after the US PPI data today. Understand the roadmap for your trading.

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The USD is higher to start the US session. Oil and Bonds are little changed. Stocks higher

What are the charts telling traders to start the NA session for the EURUSD, USDJPY and GBPUSD.

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The Euro and Sterling are Threatening to Break Lower, while a Record Current Account Surplus Does not Prevent the Yen from Challenging Intervention Levels

The lack of progress in re-opening the Strait of Hormuz has not prevented oil prices from stabilizing or risk-appetites improving today. Equities and bonds are trading with a firmer bias. The Trump-Xi meeting tomorrow is key talking point today. Ahead of it, the PBOC set the dollar’s reference rate at a new three-year low. US …

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The GBPUSD is the biggest mover today. Sellers taking back some control

What would keep the sellers in the GBPUSD in firm control?

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USD is higher to start the US session. Yields and oil higher. Stocks lower. CPI awaited.

US CPI expected to show a rise of 0.6% for the headline and 0.3% for the ex food and energy. WHat are the technical roadmaps for the EURUSD, USDJPY and GBPUSD

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Ceasefire is on “Life Support”: Saps Risk Appetites, Buoys the Greenback

The uncertainty about the US-Iran fragile ceasefire, which President Trump has said is on “life support” is weighing on risk-taking appetites today. Brent and WTI are up over $3 and bonds and stocks have been sold. The US dollar is firmer against the G10 currencies but the Norwegian krone. Most emerging market currencies are lower. …

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USD/JPY rebounds into a key resistance as interventions can’t stop yen’s slide

#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 Overview 2:23 Technical Analysis with Optimal Entries 3:25 Upcoming Catalysts...

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Monday Blues: US Negotiating Tactic or Ceasefire may End

News that the US rejected Iran’s counter-proposal is set the tone for today’s session. The dollar is mostly firmer, though the Canadian dollar and Norwegian krone are slightly firmer. Equities are mostly lower, yields, higher, alongside oil. Appreciating the seeming reluctance of the US to renew “kinetic” operations, the North American market may view the …

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Week Ahead: Trump-Xi and US-China CPI

There were several developments to note last week, but arguably the most important was that investors are optimistic that the Middle East war is winding down despite some violations of the ceasefire. June WTI fell by 7% to around $95 a barrel, after rising by more than 22% in the previous two weeks. July Brent … Continue reading »

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AUDUSD bounces off support keeps the buyers in firm control

The AUDUSD fell sharply yesterday and into the Asian session today, but swing area support held at 0.7193 to 0.7200 and the buyers have taken back full control.

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USDCAD runs up to key resistance target and finds willing sellers

The swing area between 1.3708 and 1.37145 along with the 100 day moving average at 1.37202 stalled the rally in the USDCAD today. What next?

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It is jobs day. What technical levels are in play for the 3 major currency pairs today?

Knowing the roadmap through the jobs report and the war news is key to success as a trader. In the video, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective and outline the roadmap for those pairs.

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US Jobs on Tap after Court Ruled Against Section 122 Tariffs and Conflict in the Middle East

After recovering in the North American afternoon for the second consecutive session yesterday, the dollar has been sold again in Asia and Europe today. The market has mostly shrugged off news of new hostilities in the Middle East. As is often the case, the ceasefire has been frayed but appears to remain intact. Ostensibly, it …

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Japanese yen slowly erases intervention-driven gains as macro backdrop remains negative

#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 Overview 2:53 Technical Analysis with Optimal Entries 4:14 Upcoming Catalysts...

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