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.
My articlesMy offerMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaAmazon
Filter archive by: Show All Show only Articles Show only Videos

The Weekend Forex Report: A look back and ahead to the Dec 5, 2022 trading week

2022-12-04

by

What levels are in play technically. What are the major bias and risk defining levels. In the weekend forex report, Greg Michalowski of Forexlive.come, reviews the fundamentals in play and the importance, and then outlines the bias and risk defining levels for each of the major currencies vs the USD: EURUSD (5:51) USDJPY (10:13) GBPUSD- (13:18) USDCHF (16:42) USDCAD (18:21) AUDUSD (19:52) NZDUSD (22:53)

Read More »

Week Ahead: RBA and BOC Meetings Featured and China’s Inflation and Trade

2022-12-03

by

2022-12-03

The week ahead is more than an interlude before five G10 central banks meet on December 14-15. The data highlights include the US ISM services and producer prices, Chinese trade and inflation measures, Japanese wages, household consumption, and the current account. Also, the Reserve Bank of Australia and the Bank of Canada hold policy meetings. Central banks from India, Poland, Brazil, Peru, and Chile also meet.The dollar appreciated in Q1 and Q2...

Read More »

USDCHF bounces higher on the jobs report. Holding support on the dip. What next?

2022-12-02

by

Buyers have work to do in the USDCHF pair to take back more control. What levels are in play for the USDCHF now?

Read More »

What next in the forex after the stronger US jobs report

2022-12-02

by

The US jobs data came in much stronger than expected at 263K versus 200 K expected. The unemployment rate remained steady at 3.7%. The average hourly earnings rose 0.6% versus 0.3% expected. The USD moved higher. What next?

Read More »

The key technical levels in play before the US jobs report

2022-12-02

by

What levels are in play ahead of the US (and Canada) jobs reports at 8:30 AM ET. I will look at the EURUSD, USDJPY, GBPUSD and the USDCAD ahead of the US and Canada jobs reports

Read More »

Attention turns to US Jobs while the Yen’s Surge Continues

2022-12-02

by

2022-12-02

Overview:  There have been significant moves in the capital markets this week and participants are turning cautious ahead of the US employment report. After the US equity market rally stalled yesterday, nearly all the Asia Pacific bourses fell today. The strength of the yen (~3.8% this week) has weighed on Japanese equities (Nikkei -1.8% this week) and spurred the BOJ to buy ETFs today for the first time in five months. Europe’s Stoxx 600 is...

Read More »

The morning forex technical report. The USD moves down w/ the EURUSD testing its 50% level

2022-12-01

by

A look at some of major currency pairs near the start of the US session. In the morning forex technical report: - The EURUSD is trading higher and in the process moving away from its 200 day moving average and testing its 50% midpoint of the 2022 trading range at 1.05155. - The USDJPY move below a key target at the 38.2% retracement of the move up from the 2022 low at 137.24. Sellers push lower after the break. - The GBPUSD has moved above its...

Read More »

December 2022 Monthly

2022-12-01

by

2022-12-01

As the year of aggressive monetary tightening winds down, the Federal Reserve, the European Central Bank, and the Bank of England will likely slow the pace of rate hikes. All three delivered 75 bp hikes in November and will probably hike by 50 bp this month and moderate the pace again in the first part of next year.Price pressures remain elevated even if near or slightly past the peaks. The G10 central banks are not finished tightening, though...

Read More »

What Did Powell Say?

2022-12-01

by

2022-12-01

Overview:  Asia Pacific stocks rallied on the heels of the surge in US equities. China’s CSI 300 led the large bourses higher with a 1% advance. Europe’s Stoxx 600 is matching yesterday’s gain of a little more than 0.6%, while US futures are a touch softer. European yields are 9-13 bp lower, with the peripheral premiums shrinking.

Read More »

Nasdaq technical analysis in 30 seconds

2022-12-01

by

For 01 December, 2022.

Read More »

UPST technical analysis showing early hints about the crash coming

2022-12-01

by

When someone on TV or anywhere else, talks positively about a stock, then that person should know to answer what the company does. If you do not get an answer, that is a sign that we might have reached ridiculous times. Remember that for next time. It might be, and will probably be, a different type of 'ridiculous' but it will be ridiculous when the herd is greedy, and a sign for you to be fearful. Technical analysis is your friend in such...

Read More »

VIDEO: Soft landing? Happy days are here a again. A look at the markets post Fed Powell speech.

2022-11-30

by

"Soft landing" may be still a hope, but the market likes those words. The Chair Powell speech/comments were laced with "slower pace", and "soft landing" which was comforting to the markets. So stocks moved higher and that gave dollar sellers the go-ahead to sell the green back, the lower USD, gave the bond traders the go-ahead to buy bonds and send yields lower, and all of that fed on itself.  Happy days are here...

Read More »

The morning forex technical report for November 30, 2022. Markets prepare for Fed Powell.

2022-11-30

by

The major currency pairs are settling and waiting for the Fed Chair. The major currency pairs are seeing some mixed price action, but with the pairs like the EURUSD, GBPUSD and USDJPY trading between their 100 and 200 hour MAs. That is indicative of a market that is awaiting the next shove. That shove may come from the Fed Powell's speech later today at 1:30 PM.  Will the Fed chair tilt to a more dovish bias or keep his relative hawkish bias from...

Read More »

Hope Springs Eternal in China

2022-11-30

by

2022-11-30

Overview: Hope that the recent events in China are cathartic continues to lift risk appetites. Led by Hong Kong and mainland shares that trade there, the large bourses in the Asia Pacific region rallied. Japan, where macro data continues to disappoint, was the notable exception. Europe’s Stoxx 600 is snapping a three-day down draft and is up about 0.6% in late morning turnover. US futures are trading with a slightly firmer bias.

Read More »

A trade plan for natural gas futures

2022-11-30

by

The example shows a real setup and possible trade plan, but more than that, it shows swing traders in general how to look and plan their entries (with a technical reasoning and trigger), and their stop loss as well as take profit targets, as they assess their 'risk reward ratio' (also mentioned as reward vs risk ratio, which is the more precise description of the ratio itself). And how a higher or lower ratio relates to the probability of them...

Read More »

EURUSD fails on the try higher today. Sellers look to take back more control.

2022-11-29

by

What sellers need to do, to keep control in the short term for the EURUSD.

Read More »

FOREX QUICK: AUDUSD and NZDUSD retrace back below MA support

2022-11-29

by

Sellers in the AUDUSD and NZDUSD have taken the pair back below MA support in the short term. Can the sellers maintain control after the failed break above resistance targets?

Read More »

China Steps away from the Abyss and Animal Spirits are Rekindled

2022-11-29

by

2022-11-29

Overview: Chinese officials using the carrot and the stick have succeeded in dampening the protests and easing some anxiety and rekindled the animal spirits. Hong Kong’s Hang Seng rallied 5.25% and its index of mainland shares surged 6.20%.

Read More »

Nasdaq technical analysis for 29 Nov

2022-11-29

by

Today is looking good for the bulls. Watch the price levels where bulls can take partial profit, and where the bullish premise might change.

Read More »

China Shakes Markets, Euro Shakes it Off

2022-11-28

by

2022-11-28

Overview: The surging Covid cases in China and the protests in several cities seemed to set the tone for today’s session. Equities are lower. China, Hong Kong, Taiwan, and South Korea were marked down the most. Of the large bourses, only India escaped unscathed. Europe’s Stoxx 600 is off more than 0.8% and US futures are poised to gap lower. Bond markets are quieter. The 10-year US Treasury yield is off a little more than one basis point to around...

Read More »