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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After trading to new lows going back to July 223, the USDJPY ha moved back higher.

2024-09-16

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Can the buyers keep the momentum going? Support is reestablished at 140.248 and closer at 140.40 and 140.71 if the buyers are to start to take back more control.

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AUDUSD extends above 100 bar MA on the 4-hour chart at 0.6733. Stay above is more bullish.

2024-09-16

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The buyers are making more of a play in the AUDUSD today

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Buyers and sellers ping-pong between 100 bar MAs in NZDUSD. Traders wait for the break.

2024-09-16

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The 100-hour MA comes in at 0.61565. The 100 bar MA on the 4-hour chart comes in at 0.61967. In between is the 200-hour MA at 0.61698.

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USDCAD buyers have created a floor, but there is upside work if the buyer are to control.

2024-09-16

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Key floor is being developed at 1.3564 in the USDCAD.

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Kickstart the FX trading day for Sept 16 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-09-16

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The USD is lower to start the trading week

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Greenback Continues to Trade Heavily amid Heightened Speculation of a 50 bp Cut Wednesday

2024-09-16

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2024-09-16

Overview: The markets are continuing to be impacted by the possibility that Fed officials planted a press report to put 50 bp cut back on the table after the market had moved away from it after the recent jobs data and CPI. In the Fed funds futures, there is around an 80% of a half-point move on Wednesday discounted and about an 80% chance of a second 50 bp cut this year. This has taken a toll on the greenback and cut short the technical correction...

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Gold Technical Analysis – We finally got the breakout

2024-09-16

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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. 0:54 Technical Analysis with Optimal Entries. 2:07 Upcoming Catalysts....

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Week Ahead: Four G10 Central Banks Meet, Only the Fed Moves

2024-09-14

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2024-09-14

The market had been gradually scaling back from speculation of a 50 bp cut this week by the Federal Reserve. The euro and sterling tested important technical support near $1.10 and $1.30 respectively. The Dollar Index set last week's high after the August CPI. However, the general tone of the markets changed, spurred at least initially by a Dow Jones story that many observers believe was likely planted by senior Fed official to put a 50 bp cut back...

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What are the technicals in the EURUSD saying into the new trading week

2024-09-13

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A review of the levels in play for the EURUSD heading into the week starting September 16

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USDCAD a little higher on the week but gives up gains. What’s ahead for the pair?

2024-09-13

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The USDCAD trades above and below the 100-hour MA at 1.35804.

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AUDUSD steps higher with ups and downs (to technical support) providing the roadmap

2024-09-13

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The price is now between the 200 hour MA below and the 100 bar MA on the 4-hour chart above.

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USDCHF moves lower w/ yields. Price moves below cluster of MAs between 0.8478 to 0.8491

2024-09-13

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The 200 hour MA and 100 hour MA have been broken and runs lower

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Kickstart the FX trading day for Sept 13 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-09-13

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The USDJPY moves to test the end of December low and bounces

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Heightened Speculation that Fed may Cut 50 bp Next Week Sends the Dollar Lower

2024-09-13

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2024-09-13

Overview: The US dollar is falling against nearly all the world's currencies today amid heightened speculation that a 50 bp cut is still on the table for next week's FOMC meeting. In the derivatives market, the odds are the highest in several weeks. The ostensible trigger was apparently a news wire story by a reporter thought to be used by some Fed officials to foster communication. A few former Fed officials also seemed to endorse a half-point...

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USDJPY Technical Analysis – Fed “insider” Timiraos weakens the USD

2024-09-13

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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. 0:54 Technical Analysis with Optimal Entries. 2:16 Upcoming Economic Data....

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USDCAD finds buyers near the rising 100 hour MA today. Upside work is still needed.

2024-09-12

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The 38.2% of the move down from August comes in at 1.3633

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Gold is precious in the eyes of investors. The precious metal breaks to new all-time highs

2024-09-12

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The ceiling area between $2526.43 and $2531.67 is being broken today. Stay above and the sky's the limit.

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USDCHF moves above the 38.2% of the last move lower from the mid-August high.

2024-09-12

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Buyers are making a play in the short term in the USDCHF

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Kickstart the FX trading day for Sept 12 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-09-12

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What are the technicals driving the USD vs the 3 major currencies today.?

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The ECB and the $1.10 level in the Euro

2024-09-12

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2024-09-12

Overview:  The US dollar is narrowly mixed against the G10 currencies. The dollar bloc, Japanese yen, and Swiss franc are sporting slightly softer profiles, while the European currencies enjoy a firmer today. There is more than 3 bln euro in options struck at $1.10 that expire today that still seem to be in play. And there is a large option at GBP1.30 that expires Monday. The ECB's rate decision and President Lagarde's press conference are the...

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