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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FX Daily, December 11: Dollar Mixed to Start the Week, While Equities Firm

2017-12-11

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2017-12-11

The US dollar is narrowly mixed in relatively quiet activity. Year-end adjustment is well underway, and the news stream is light to start the week that sees more than a dozen central bank meetings. There is little doubt in the market that the Federal Reserve will hike rates for the third time this year at mid-week.

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FX Weekly Preview: FOMC and ECB Highlight Central Banks’ Last Meetings of the Year

2017-12-11

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2017-12-11

No fewer than thirteen central banks meet in the week ahead. The UK and the US report the latest inflation figures, and the US and eurozone report industrial production. The eurozone sees the flash PMI for December, and the Japan's latest Tankan business survey will be released.

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Trump bizarrely claims US has a trade deficit with Canada

2017-12-09

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Dec 8, 2017 at a rally in Florida, Trump describes a negotiation with Canadian Prime Minister Justin Trudeau on NAFTA. He wrongly insists the US has a trade deficit with Canada. The US trade report is here: https://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf

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FX Daily, December 08: Brexit Talks Move to Stage II, While Greenback Remains Firm

2017-12-08

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2017-12-08

Sufficient progress will be judged to have been made, and negotiations of the separation between the UK and EU will be allowed to enter the second stage. The formal decision will be made at next week's EU summit. To be sure, "sufficient progress," which the diplomatic-speak that does not mean that any agreement has really been reached, but rather that the UK has made a few concessionary signals.

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What you need to know about ICOs

2017-12-08

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Adam Button from ForexLive spoke to the CBC about ICOs and fraudsters. Originally aired Dec 5, 2017. LET’S CONNECT! Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Google+ ► https://plus.google.com/+Forexlive Homepage ► http://www.forexlive.com/

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Adam talks about Bitcoin on CBC newscast

2017-12-08

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Canadian couple pours life savings into bitcoin mine. Originally aired December 7, 2017. Bitcoin’s trajectory has all the hallmarks of a bubble, according to Adam Button, chief currency analyst at ForexLive. LET’S CONNECT! Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Google+ ► https://plus.google.com/+Forexlive Homepage ► http://www.forexlive.com/

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FX Daily, December 07: Equities and Oil Stabilize

2017-12-07

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2017-12-07

Global equities are stabilizing today after the recent downside pressure. The MSCI Asia Pacific Index snapped an eight-day slump with a 0.4% gain, led by a rebound in Tokyo and India. European markets are firm, with the Dow Jones Stoxx 600 up around 0.25% near midday in London. All sectors are higher but telecom and real estate are performing best, while energy and health care are laggards.

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Great Graphic: Euro Pushes below November Uptrend

2017-12-07

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2017-12-07

EUR BGN Currency
Euro is lower for the third day, the longest downdraft in a month and a half. It violated the November uptrend. It is testing the $1.1800 area, which houses a few technical levels (retracement, moving average and congestion).

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FX Daily, December 06: Equity Slump Continues, Lifts Bonds, Bolsters Yen

2017-12-06

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2017-12-06

The swoon in equities, perhaps sparked by a rotation spurred by potential US tax changes, is continuing today. It is providing a risk-off mood, which is expressed in the foreign exchange market as a stronger yen. The most compelling answer of yen strength is not that investors are buying yen as a haven.

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FX Daily, December 05: Sterling Sold on Negotiating Snafu, Aussie Bounces on Retail Sales and RBA

2017-12-05

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2017-12-05

The US dollar is confined to narrow ranges against the euro and yen, straddling unchanged levels in the Asian session and the European morning. The action in elsewhere. The British pound is the weakest of the majors, paring 0.4% against the greenback, though around $1.3425, it can hardly be considered weak. A month ago, sterling was a few cents lower. Still, its gains reflected two things: broader dollar weakness and optimism on Brexit talks.

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Weekly Technical Analysis: 04/12/2017 – USD/CHF, GBP/USD, EUR/GBP, GBP/JPY, GBP/CAD

2017-12-05

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2017-12-05

USD/CHF, December 05
USD/CHF, GBP/USD, EUR/GBP, GBP/JPY, GBP/CAD

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FX Daily, December 04: US Dollar Marked Higher After Senate Passes Tax Reform

2017-12-04

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2017-12-04

The US dollar opened higher in Asia and retained those gains through the European morning. The greenback has recouped most of the pre-weekend losses recorded in the wake of the indictment of a fourth former Trump Administration official by the special investigation into Russia's involvement in last year's election. However, two weekend developments seemed to blunt the impact of the guilty plea and admission of cooperation.

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FX Weekly Preview: Politics may Continue to Overshadow Economics

2017-12-04

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2017-12-04

The new monthly cycle of high frequency economic data has begun. The manufacturing PMI shows the synchronized global recovery is continuing. The service sector and composite PMI will be reported in the week ahead. They are unlikely altering the general expectation for robust growth in Q4.

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Cool Video: Short Take on Bitcoins

2017-12-02

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2017-12-02

I stopped by Bloomberg near midday to talk with Vonnie Quinn and Shery Ahn. We talked about many macro issues, but this clip that Bloomberg provided covers is the one topic that has overshadowed the big rally in US equities, tax reform and Matt Lauer: Bitcoins. In this two minute clip, I mention that despite Bitcoins capturing the headlines, most Americans are not and cannot be involved.

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FX Daily, December 01: Dollar Consolidates Weekly Gain, while Equities Ease to Start New Month

2017-12-01

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2017-12-01

The release of the manufacturing PMIs confirm that the synchronized global expansion remains intact. The focus today is on three unresolved political challenges: US tax reform, the UK-Irish border and the talks that may produce another grand coalition in Germany. The US dollar is mixed, with the dollar-bloc currencies and Scandis pushing higher.

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Great Graphic: US 2-year Yield Rises Above Australia for First Time since 2000

2017-12-01

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2017-12-01

The US and Australian two-year interest rates have diverged. There is scope for a further widening of the spread. Directionally the correlation between the exchange rate and the rate differentials is strong, but not stable. Near-term technicals are supportive but the move above trendline resistance is needed to confirm.

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Why Brown Brothers’ Chandler Is Staying Away From Bitcoin

2017-11-30

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Nov.30 -- Marc Chandler, Brown Brothers Harriman's global head of currency strategy, discusses the volatility in bitcoin with Bloomberg's Vonnie Quinn and Shery Ahn on "Bloomberg Markets."

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Why Brown Brothers’ Chandler Is Staying Away From Bitcoin

2017-11-30

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Nov.30 — Marc Chandler, Brown Brothers Harriman’s global head of currency strategy, discusses the volatility in bitcoin with Bloomberg’s Vonnie Quinn and Shery Ahn on “Bloomberg Markets.”

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FX Daily, November 30: US Dollar Comes Back Bid, but Brexit Hopes Underpin Sterling

2017-11-30

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2017-11-30

The US dollar is broadly firmer. The rise in US yields yesterday has seen the greenback extend its recovery against the yen. It briefly pushed through JPY112.40, after dipping below JPY111.00 at the start of the week, for the first time since mid-September. Since the end of last week, been capped at the 200-day moving average against the yen, found near JPY111.70, but yesterday it pushed past. There are nearly $1 bln of options struck between...

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FX Daily, November 29: Sterling Charges Ahead on Brexit Hopes

2017-11-29

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2017-11-29

Prospects of a deal with the EU has sent sterling to its best level in two months against the dollar. It reached $1.3430 in early European turnover. It had sunk to nearly $1.3220 yesterday as European markets were closing, which was a four-day low. It is the strongest of the major currencies today, gaining about 0.4%. With today's gains has met our retracement target near $1.3415. The momentum appears to give it potential toward $1.3500 in the...

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