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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USDCHF buyers look higher, but run into 38.2% retracement .Can the buyers keep going?

2024-09-11

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The 38.2% retracement comes in at 0.8517.

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AUDUSD falls below a cluster of technical levels but momentum lower is fading.

2024-09-11

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Can the sellers keep the momentum going to the downside?

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USDCAD trading down and up but stays below the 38.2% of the August trend move lower

2024-09-11

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The USDCAD is stretching higher but it comes with downs and ups. There is work to do, to increase the bullish bias.

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Kickstart the FX trading day on Sept 11 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-09-11

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A technical look at the market after the US CPI data

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Little Discussion about the US Budget Deficit in the Debate, But Falling Yields Drag the Greenback Lower

2024-09-11

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2024-09-11

Overview: The US 10-year yield is lower for the eighth consecutive session. The yield was near 3.90% at the end of August. It is now flirting with 3.60%. The two-year yield has fallen 35 bp since the end last month to about 3.55%. Although Vice-President Harris was seen winning last night's debate, it is not clear if it was a more important driver than the continued decline in US rates, despite the budget deficit not the discussed much in the...

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USDJPY Technical Analysis – Expectations for a 50 bps cut remain alive

2024-09-11

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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. 1:12 Technical Analysis with Optimal Entries. 2:37 Upcoming Economic Data....

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NZDUSD rebounds after testing 38.2% retracement and finding support buyers

2024-09-10

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The 38.2% of the August trend move higher comes in at 0.6126. Close resistance at 0.6167 noiw, followed by a cluster of MAs between 0.61814 and 0.62039.

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AUDUSD sellers are banging against a cluster of support. Can the sellers push through?

2024-09-10

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Technical support defined by the 38.2% retracement, 100 day moving average and 200 bar moving average on the 4-hour chart come between 0.6642 and 0.6650

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The USDCHF runs up to the 100 bar MA on 4-hour chart and finds willing sellers

2024-09-10

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The 100-hour MA is holding support below as buyers and sellers battle it out between MA levels.

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The buyers in the USDCAD are trying to push higher, but there is work to do.

2024-09-10

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What do the buyers need to do to prove they can take back more control?

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Kickstart the FX trading day for Sept 10 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-09-10

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What technical levels are in play for the 3 major currency pairs to start the US session on September 10

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Consolidative Tuesday

2024-09-10

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2024-09-10

Overview: The US dollar is mostly consolidating so far today with a slightly heavier bias against the G10 currencies and most emerging market currencies. The larger than expected Chinese trade surplus did not lift the yuan. The greenback is trading above its 20-day moving average against the Chinese yuan for the first time since late July. Sterling is rising for the first time in three sessions after a strong jobs report. The Canadian dollar is the...

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Gold Technical Analysis – We remain stuck in the range

2024-09-10

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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. 0:50 Technical Analysis with Optimal Entries. 1:57 Upcoming Catalysts....

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NZDUSD bounces near retracement support target. Buyers lean against the 38.2% on first test

2024-09-09

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The 38.2% of the August trading range at 0.61265 finds support buyer on the first test.

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AUDUSD tests a key support level defined by 38.2%, 100 day MA, and 200 bar MA on 4-hour.

2024-09-09

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That "key support" level comes in at 0.6642 to 0.6647.

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USDCAD stays above key 4-hour MA. Buyers in control in the short term.

2024-09-09

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Housing and employment trouble spots for the economy

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USDCHF bounces higher today and above 100/200 hour MAs near 0.8464

2024-09-09

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If the USDCHF can stay above the 200-hour MA at 0.8470 and the 100-hour MA at 0.8464 it keeps the bias more to the upside at least in the short term with work to do.

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Kickstart the FX trading day for Sept 9 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-09-09

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What technical levels are in play and why for the 3 major currency pairs to start the new trading week

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US Dollar Returns Bid on the Back of Firmer Rates

2024-09-09

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2024-09-09

Overview:  After falling following the US jobs report before the weekend, US interest rates have come back firmer, helping the give the dollar a boost. A downward revision to Japan's Q2 GDP, reflecting weaker consumption, business investment, and a little more inflation, have heled the greenback retrace the pre-weekend losses against the yen. Softer than expected price gauges, the setback of the yen, and the rise in US rates has seen the offshore...

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Week Ahead: Can the US CPI Do What Payrolls Didn’t and Persuade the Market that the Fed Will Deliver a 50 bp Cut ?

2024-09-07

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2024-09-07

After the US jobs report and Fed speak, the market scaled back the odds of a 50 bp cut at the September 17-18 FOMC meeting. It settled last week slightly below a 30% chance. The odds were shaved for the second consecutive week. Fed officials have indicated that the full employment mandate is now of greater significance given its growing confidence that inflation is heading back toward its 2% target. Next week's August CPI and PPI are likely to be...

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